Iowa Department of Transportation to Use Iteris’ Newly Expanded Commercial Vehicle Operations SaaS Platform

Iowa Becomes First State Agency to Deploy Iteris’ Enhanced Roadside
Screening, International Registration and Fuel Tax Compliance Service

  • New international registration and fuel tax compliance feature set
    expands serviceable market for Iteris’ CVO platform
  • IRP/IFTA service improves apportionment and licensing of vehicle
    registration and fuel taxes for commercial vehicles
  • Iteris CVIEWPlus™ increases deployments for commercial
    vehicle enforcement and screening to 22 customers

SANTA ANA, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24ITI&src=ctag” target=”_blank”gt;$ITIlt;/agt; lt;a href=”https://twitter.com/hashtag/CVIEWPlus?src=hash” target=”_blank”gt;#CVIEWPluslt;/agt;–Iteris,
Inc.
(NASDAQ: ITI), the global leader in applied informatics for
transportation and agriculture, today announced it is expanding its
commercial vehicle operations (CVO) platform, which is delivered on a
software-as-a-service (SaaS) basis, to include a new International
Registration Plan (IRP) and International Fuel Tax Agreement (IFTA)
compliance service, in addition to the CVO platform’s current commercial
vehicle screening, enforcement and data aggregation solutions.


Iteris also announced today that it was recently awarded a contract in
excess of $3 million over 36 months with the Iowa Department of
Transportation (Iowa DOT) as the first customer to deploy its new
international registration plan and fuel tax compliance solution.

Iteris will provide Iowa DOT the new IRP/IFTA service, as well as its
commercial vehicle screening and data aggregation solutions (Iteris
CVIEWPlus™), to facilitate motor carrier services throughout Iowa.

Iteris CVIEWPlus™ and related data services will aggregate and automate
Iowa DOT’s motor carrier screening process, saving time reviewing many
different applications, and focusing on the accuracy of data that is
shared nationally. Additionally, Iteris’ IRP and IFTA services will help
Iowa DOT with data collection of IRP and IFTA transactions while also
enhancing the motor carrier user experience.

“We are excited to announce the expansion of Iteris’ CVO platform, which
now offers a more complete solution to a wider serviceable market with
the addition of our international registration and fuel tax compliance
service,” said Ramin Massoumi, senior vice president and general
manager, Transportation Systems at Iteris. “The new agreement with Iowa
DOT, which represents the first deployment of this new IRP/IFTA service,
demonstrates the commitment of state agencies across the U.S. to adopt
smart technology to improve their transportation networks.”

Iteris is the largest provider of commercial vehicle enforcement and
screening solutions nationwide, providing CVIEWPlus™ to 22 customers, 15
of which use Iteris Inspect.

About Iteris, Inc.

Iteris is the global leader in applied informatics for transportation
and agriculture, turning big data into big breakthrough solutions. We
collect, aggregate and analyze data on traffic, roads, weather, water,
soil and crops to generate precise informatics that lead to safer
transportation and smarter farming. Municipalities, government agencies,
crop science companies, farmers and agronomists around the world use our
solutions to make roads safer and travel more efficient, as well as
farmlands more sustainable, healthy and productive. Visit www.iteris.com
for more information and join the conversation on Twitter,
LinkedIn
and Facebook.

Iteris Forward-Looking Statements

This release may contain forward-looking statements, which speak only as
of the date hereof and are based upon our current expectations and the
information available to us at this time. Words such as “believes,”
“anticipates,” “expects,” “outlooks,” “target,” “intends,” “plans,”
“seeks,” “estimates,” “may,” “should,” “will,” “can,” and variations of
these words or similar expressions are intended to identify
forward-looking statements. These statements include, but are not
limited to, statements about the timing, success, and benefits of the
agreement and the performance, functionality and utility of our products
and services. Such statements are not guarantees of future performance
and are subject to certain risks, uncertainties, and assumptions that
are difficult to predict, and actual results could differ materially and
adversely from those expressed in any forward-looking statements as a
result of various factors.

Important factors that may cause such a difference include, but are not
limited to, our ability to provide the services on a cost-effective
basis; government funding and budgetary issues, and scheduling and
funding delays; the impacts of general economic, political, and other
conditions in the markets we address; the challenges in the development
of software-based solutions generally; and the potential impacts of
product and service offerings from competitors and such competitors’
patent coverage and claims. Further information on Iteris, Inc.,
including additional risk factors that may affect our forward-looking
statements, is contained in our Annual Report on Form 10-K, our
Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our
other SEC filings that are available through the SEC’s website (www.sec.gov).

Contacts

Iteris Contact
David Sadeghi
Tel: (949) 270-9523
Email:
[email protected]

Investor Relations
MKR Investor Relations, Inc.
Todd
Kehrli
Tel: (323) 468-2300
Email: [email protected]

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