Iteris, Inc. provides information solutions for the intelligent traffic systems (ITS) and the precision agriculture (PA) markets. In the ITS 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 analytics, and that improve the efficiency and safety of surface transportation systems infrastructure. Segments The company operates in three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment includes, among other products, its Vantage, Vantage Vector, VantageView, SmartCycle and vehicle detection systems for traffic intersection control, incident detection and certain highway traffic data collection applications. The Transportation Systems segment includes transportation engineering and consulting services, and the development of transportation management and traveler information systems for the ITS industry. The Performance Analytics segment includes ClearAg, its precision agriculture solution; iPeMS, its transportation performance measurement solution; and ClearPath Weather, its road-maintenance application. Roadway Sensors segment The Roadway Sensors segment product line uses advanced image processing technology to capture and analyze video images through sophisticated algorithms, enabling vehicle detection and transmission of both video images and data using various communication technologies. The Vantage video detection systems detect vehicle presence at intersections, as well as vehicle count, speed and other traffic data used in traffic management systems. Vantage video detection systems typically include up to four of its RZ-4 advanced cameras and an EdgeConnect processor. The company’s Vantage systems give traffic managers the ability to mitigate roadway congestion by modifying traffic signal timing or detecting incidents quickly. The company’s VantageView software complements its Vantage video detection systems by providing an integrated platform to manage video detection assets remotely over a network connection. The Vantage Vector video/radar hybrid product is an all-in-one vehicle detection sensor with a range of capabilities, including stop bar detection, advanced-zone detection and sensing, which enable advanced safety and adaptive control applications. It includes all the uses of Iteris video detection, including high availability remote viewing of video images, bicycle detection capability and high precision for dilemma zone detection, by integrating the video field-of-view with radar sensing. The company’s Vantage systems equipped with SmartCycle capability differentiates between bicycles and other vehicles with a single video detection camera, enabling signalized intersections and improved traffic throughput. VersiCam, its integrated camera and processor video detection system, is a video detection system for smaller intersections that require only a few detection points. Seasonality: The company has historically experienced seasonality, particularly with respect to its Roadway Sensors segment revenues in its third and fourth quarters, due to reductions in road construction and repairs during the winter months related to inclement weather conditions. Transportation Systems segment The Transportation Systems segment includes transportation engineering and consulting services focused on the planning, design, development and implementation of software-based systems that integrate sensors, video surveillance, computers and advanced communications equipment to enable public agencies to monitor, control and direct traffic flow, assist in the quick dispatch of emergency crews and distribute real-time information about traffic conditions. The company’s services include planning, design and implementation of surface transportation infrastructure systems. The company performs analysis and study goods movement, commercial vehicle operations, provide travel demand forecasting and systems engineering, and identify mitigation measures to reduce traffic congestion. Performance Anal
(ITI:Consolidated issues listed on NYSE MKT LLC)
1700 Carnegie Avenue
Santa Ana, CA 92705
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