Iteris Releases VantageView 2.0, the Next Generation of Intersection Remote Video & Asset Management
6/16/2011
-- VantageView 2.0 Adds New Features Designed to Assist Users in the
Traffic Management Industry --
SANTA ANA, Calif. – June 16, 2011 - Iteris, Inc. (NYSE Amex: ITI), a leader in traffic management focused on the application and development of advanced technologies, has released a major upgrade to its industry-leading video detection management software. VantageView™ 2.0 provides enhanced data collection and graphical display, including vehicle counts, speed, and occupancy, as well as multi-video viewing capabilities from a web-based application. This intelligence is essential for traffic engineers and planners seeking to maximize efficiency of traffic flow.
VantageView is an integrated software platform that enables traffic managers to monitor video feeds from Iteris’ Vantage® detection assets and manage them remotely over an IP network connection. The software allows traffic managers to monitor the performance of Iteris video detection, and adjust detection zones and settings, all from the convenience of their traffic management center. These capabilities are intended to reduce the time and expense related to sending technicians into the field to reconfigure equipment at the intersection.
“VantageView 2.0 showcases the synergy and power of making purpose-built integrated hardware and software systems that truly address the needs of our customers,” said Abbas Mohaddes, Iteris’ president and chief executive officer. “VantageView 2.0 demonstrates our ongoing commitment to deliver intelligent and cost-effective solutions that support our customers’ needs in the traffic management market.”
The web-based VantageView system provides users with a street map display of Vantage equipped intersections, enabling point and click access to locations and devices they need to view, which helps intuitively manage these assets. VantageView provides the capability to optimize the performance of Iteris’ Vantage video detection systems, which can reduce operational costs, and provides the ability to see in real-time what is happening at all intersections equipped with the system.
About Iteris, Inc.
Iteris, Inc. is a leader in traffic management focused on the development and application of advanced technologies that reduce traffic congestion, minimize the environmental impact of traffic congestion, and improve the safety of surface transportation systems infrastructure. Combining outdoor image processing, traffic engineering, and information technology, Iteris offers a broad range of Intelligent Transportation Systems and driver safety solutions to customers worldwide. Iteris is headquartered in Santa Ana, California with offices throughout North America and in Europe and the Middle East. Investors are encouraged to contact us at 888-329-4483, or atwww.iteris.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
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," "intends," "plans," "seeks," "estimates," "may," "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 performance, acceptance, and expected benefits of our technology including our VantageView 2.0 software, our market opportunities both domestically and abroad, our strategies, and our future prospects. These statements are subject to change and we undertake no obligation to revise or update publicly any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Therefore, our 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 the market acceptance of our technologies and of the products and systems that incorporate our technologies; the timing and successful completion of customer qualification of our products and the risks of non-qualification; market acceptance of our VantageView 2.0 software and the systems that incorporate the product; our ability to specify, develop, complete, introduce, market, and transition and integrate VantageView 2.0 into our customers and clients existing infrastructure and traffic management systems; the potential unforeseen impact of product offerings from competitors and other competitive pressures; and the general economic and political conditions and specific conditions in the markets we address, including the general economic slowdown and volatility in industries and markets we address. 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).
For Information, Contact:
Scott Liolios or Cody Slach
Investor Relations
Liolios Group, Inc.
Tel 949-574-3860
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