Going forward, iPerform’s solutions are expected to include incident management applications, arterial solutions, predictive traffic, and weather-based data and analytics for both public and commercial markets, including media, automotive, and consumer applications.Iteris plans to fund these investments through internally generated cash flow from its Roadway Sensors and Transportation Systems operating segments, as well as revenues from its iPerform segment. The company expects to remain profitable during this 18-month period of investment. About Iteris, Inc. Iteris, Inc. is a leader in providing intelligent information solutions to the traffic management market. The company is focused on the development and application of advanced technologies and software-based information systems that reduce traffic congestion, provide measurement, management, and predictive traffic analytics, and improve the safety of surface transportation systems. By combining its unique IP, products, decades of expertise in traffic management and information technologies, Iteris offers a broad range of Intelligent Transportation System (“ITS”) solutions to customers worldwide. The firm is headquartered in Santa Ana, California, with offices nationwide and in the Middle East. For more information, please call 1-888-329-4483 or visit www.iteris.com. Also visit the company on Facebook, Twitter, and You Tube. 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,” “should,” “could,” “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 expected investments and market opportunity for the company’s iPerform products and software analytic tools, as well as the company’s future operating results.
Important factors that may cause such a difference include, but are not limited to the market acceptance of our iPerform technologies and the solutions that incorporate them; the timing and successful completion of product development and the risks of non-qualification and broad market acceptance of solutions; our ability to control costs; our ability to specify, develop, complete, introduce, market, and transition our iPerform and other products and technologies to volume production in a timely manner; the potential unforeseen impact of product offerings from competitors and other competitive pressures; government budgetary issues and delays; and the general economic and political conditions and specific conditions in the 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).