ependent upon governmental funding and is affected by state and local budgetary issues. In addition, various other funding mechanisms exist to support transportation infrastructure and related projects as regulatory deadlines approach, which require these technologies. Performance Analytics The company’s Performance Analytics segment, formed during the first quarter of its year ended March 31, 2013, includes its performance measurement and information management solutions, including all of the operations of its former subsidiary, Berkeley Transportation Systems, Inc. (BTS), which it acquired in 2011. BTS specialized in transportation performance measurement systems that utilize its real-time data collection, diagnostic, fusion and warehousing platform to aggregate and compute performance measurements. iPeMS is an information management software suite that provides big data and software analytics solutions that help determine current and future traffic patterns, permitting the performance analysis and management of traffic infrastructure resources. iPeMS utilizes a range of data resources and analytical techniques to determine current and future traffic patterns, permitting the performance analysis and management of traffic infrastructure resources. This information could then be analyzed by traffic professionals to measure how a transportation network is performing and to identify potential areas of improvement. iPeMS provides users with predictive traffic analytics and visualization and animation features based on historical traffic conditions. The Performance Analytics segment also includes the operations of its former subsidiary, Meridian Environmental Technology, Inc. (MET), which it acquired in 2011. MET specializes in 511/Advanced Traveler Information Systems, and includes its ClearPath Weather management tools that allow users to create solutions to meet roadway maintenance decision needs. The company’s ClearPath Weather tools provide winter road maintenance recommendations for state agencies, municipalities and for commercial companies. Sales and Marketing The company sells its Roadway Sensors products through both direct and indirect sales channels. In the territories where it sell direct, it uses a combination of its own sales personnel and outside sales organizations to sell, oversee installations and set-up issues and support its products. The company markets and sells its Transportation Systems services and solutions and Performance Analytics solutions primarily directly to government agencies pursuant to negotiated contracts that involve competitive bidding and specific qualification requirements. Majority of its contracts are with federal, state and municipal customers and generally provide for cancellation or renegotiation at the option of the customer upon reasonable notice and fees paid for modification. The company markets and sells its ClearAg products to commercial entities in the PA market. It has two primary product sets, which it is marketing for its PA segment; its ClearAg API integration and modeling services and its ClearAg Apps. The company’s ClearAg APIs are intended for large enterprises in the agriculture market that could benefit from the value of a tight integration of their processes with the ClearAg modeling and forecasting engine; its ClearAg App was introduced in May 2015 and is intended for individual agriculture producers that could benefit from advisories based upon the ClearAg platform that are tailored for their specific locations of interest. It deals directly to customers interested in the ClearAg API products, whereas it typically sells through selling partners for its ClearAg App products. Suppliers The company’s key suppliers include Veris Manufacturing, Sony Electronics, Inc. and LG Electronics, Inc. Intellectual Property and Proprietary Rights The company has two U.S. non-provisional patent applications relating to its Roadway Sensors technologies, 12 issued U.S. patents, two U.S. non-provisional patent applications that were allowed and issued in 2007 and 12 U.S. non-provisional patents, relating to its Performance Analytics technologies, a
(ITI:Consolidated Issue listed on NASDAQ Capital Market)
1700 Carnegie Avenue
Santa Ana, CA 92705
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