{"id":750825,"date":"2023-04-25T09:41:00","date_gmt":"2023-04-25T13:41:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/iteris-awarded-contract-to-support-minnesotas-interstate-494-improvement-project\/"},"modified":"2023-04-25T09:41:00","modified_gmt":"2023-04-25T13:41:00","slug":"iteris-awarded-contract-to-support-minnesotas-interstate-494-improvement-project","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/iteris-awarded-contract-to-support-minnesotas-interstate-494-improvement-project\/","title":{"rendered":"Iteris Awarded Contract to Support Minnesota\u2019s Interstate 494 Improvement Project"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Iteris Awarded Contract to Support Minnesota\u2019s Interstate 494 Improvement Project<\/b><\/p>\n<p class=\"bwalignc\"><i>Four-year agreement leverages Iteris\u2019 ClearGuide <\/i><i>to provide<\/i><i> performance-based<\/i><i> smart work<\/i><i \/><i>zone traffic management<\/i>\u00a0\u00a0<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Iteris will coordinate the design and construction of project-wide traffic management activities to keep traffic moving through vital freeway interchange and local streets<\/b><\/li>\n<li><b>Project addresses current and future transportation issues on I-494 leading to the Minneapolis\u2212Saint Paul International Airport<\/b><\/li>\n<\/ul>\n<p>MINNEAPOLIS&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.iteris.com&amp;esheet=53386654&amp;newsitemid=20230425005189&amp;lan=en-US&amp;anchor=Iteris%2C+Inc&amp;index=1&amp;md5=d05e3daf6920718407d5476817d7598f\">Iteris, Inc<\/a>. (NASDAQ: ITI), the world\u2019s trusted technology ecosystem for smart mobility infrastructure management, today announced it has been chosen by the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.dot.state.mn.us%2Findex.html&amp;esheet=53386654&amp;newsitemid=20230425005189&amp;lan=en-US&amp;anchor=Minnesota+Department+of+Transportation&amp;index=2&amp;md5=69cb2cb580adebe27977b70dd78bec0b\">Minnesota Department of Transportation<\/a> (MnDOT) to provide performance-based maintenance of traffic (MOT) in support of the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.dot.state.mn.us%2Fmetro%2Fprojects%2Fi494-airport-hwy169%2Findex.html&amp;esheet=53386654&amp;newsitemid=20230425005189&amp;lan=en-US&amp;anchor=I-494+Improvement+Project&amp;index=3&amp;md5=68a8ad12da5f36055887957d98bf32f3\">I-494 Improvement Project<\/a> in the Minneapolis area.<\/p>\n<p>\nThe $377 million I-494 construction design-build project will be led by <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.mccrossan.com%2F&amp;esheet=53386654&amp;newsitemid=20230425005189&amp;lan=en-US&amp;anchor=C.S.+McCrossan+Construction%2C+Inc.&amp;index=4&amp;md5=e6eb615adb26497556ea44cfe338826c\">C.S. McCrossan Construction, Inc.<\/a> and aims to improve the portion of I-494 that travels from East Bush Lake Road to 12th Avenue. New E-Z Pass HOV lanes will be installed in both directions, and multiple interchanges and accesses will be reconstructed or reconfigured. It will also include the construction of 12 new bridges, more than 30 retaining walls, new noise abatement walls and new drainage infrastructure.<\/p>\n<p>\nIteris will be responsible for monitoring and managing the local arterial network throughout this project to ensure the major construction does not increase delays beyond what MnDOT and local agencies have mandated. The local arterial network will span through the cities of Bloomington, Richfield, Eden Prairie and Edina.<\/p>\n<p>\nIteris\u2019 ClearGuide\u00ae SaaS solution will be used to analyze and visualize traffic data to improve safety and mobility during construction. <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.iteris.com%2Fnews%2Fminnesota-department-transportation-selects-iteris-clearguide-improve-statewide-mobility&amp;esheet=53386654&amp;newsitemid=20230425005189&amp;lan=en-US&amp;anchor=MnDOT+initially+purchased+a+license+for+Iteris%26%238217%3B+ClearGuide+in+2019&amp;index=5&amp;md5=62f3992af274d4e9c803ef97423d42f2\">MnDOT initially purchased a license for Iteris\u2019 ClearGuide in 2019<\/a>, which provides them with access to powerful features including: dynamic maps to support detailed traffic analysis during construction; features to help identify and mitigate congestion; animations to analyze events and optimize response plans; and historical trend reports and dynamic congestion charts to track reliability and support planning of project detour routes. As a knowledgeable user experiencing the benefits offered by ClearGuide, MnDOT requires its use on the project to monitor local streets.<\/p>\n<p>\nClearGuide is a key component of Iteris\u2019 ClearMobility\u2122 Platform, the world\u2019s most complete solution to continuously monitor, visualize and optimize mobility infrastructure. ClearMobility applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to enhance community environments by improving driver and pedestrian safety and travel efficiency.<\/p>\n<p>\n\u201cThe number of roadway accidents continues to skyrocket in the United States, with work zones, which accounted for more than 100,000 accidents in 2020, being points of particular vulnerability,\u201d said Scott Carlson, vice president and general manager, Mobility Professional Services at Iteris. \u201cIteris is committed to help reverse this trend and is excited to provide real-time traffic data to support safer, more efficient mobility and traffic management operations during the construction phase of Minnesota\u2019s I-494 improvement project.\u201d<\/p>\n<p>\nThis project is the third in the nation that will utilize ClearGuide for maintenance of traffic (MOT) in highway design-build construction projects, which Iteris continues to transform with a performance-based approach. Previous projects include the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.iteris.com%2Fnews%2Foc-405-partners-joint-venture-extends-use-iteris-clearguide-saas-solution-manage-traffic&amp;esheet=53386654&amp;newsitemid=20230425005189&amp;lan=en-US&amp;anchor=I-405+Improvement+Project&amp;index=6&amp;md5=f0c37cc5aa40e0990e570365ac02f711\">I-405 Improvement Project<\/a> in Southern California and the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.iteris.com%2Fnews%2Fiteris-awarded-35-million-contract-role-arizona-dots-i-10-broadway-curve-improvement-project&amp;esheet=53386654&amp;newsitemid=20230425005189&amp;lan=en-US&amp;anchor=I-10+Broadway+Curve+Improvement&amp;index=7&amp;md5=2df161f6aec7b07e77609c2e7d8e797c\">I-10 Broadway Curve Improvement<\/a> in Phoenix, Arizona. Iteris\u2019 ability to provide both the software platform and the expertise needed for performance MOT uniquely positions the company to improve safety, increase mobility and reduce carbon emissions in projects such as these.<\/p>\n<p><b>About Iteris, Inc.<\/b><\/p>\n<p>\nIteris is the world\u2019s trusted technology ecosystem for smart mobility infrastructure management. Delivered through Iteris\u2019 ClearMobility\u00ae Platform, our cloud-enabled end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world, and help bridge legacy technology silos to unlock the future of transportation. That\u2019s why more than 10,000 public agencies and private-sector enterprises focused on mobility rely on Iteris every day. Visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.iteris.com%2F&amp;esheet=53386654&amp;newsitemid=20230425005189&amp;lan=en-US&amp;anchor=www.iteris.com&amp;index=8&amp;md5=54826aa701f97494189ec8cde64ee5e8\">www.iteris.com<\/a> for more information, and join the conversation on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2Fiteris&amp;esheet=53386654&amp;newsitemid=20230425005189&amp;lan=en-US&amp;anchor=Twitter&amp;index=9&amp;md5=b47a789808eb8d91e4b0fbe31ebcbd60\">Twitter<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fiteris-inc-&amp;esheet=53386654&amp;newsitemid=20230425005189&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=10&amp;md5=fded5f68fac9b7a68e4ef1d62193992e\">LinkedIn<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2Fiterisinc%2F&amp;esheet=53386654&amp;newsitemid=20230425005189&amp;lan=en-US&amp;anchor=Facebook&amp;index=11&amp;md5=9faa775cce62033f14bc794b44c79d8d\">Facebook<\/a>.<\/p>\n<p><b>Iteris Forward-Looking Statements<\/b><\/p>\n<p>\nThis 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 &#8220;believes,&#8221; &#8220;anticipates,&#8221; &#8220;expects,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;seeks,&#8221; &#8220;estimates,&#8221; &#8220;may,&#8221; \u201cshould,\u201d \u201cwill,\u201d &#8220;can,&#8221; 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 contract, the project, and impacts and benefits of our maintenance of traffic services and ClearGuide solution. 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.<\/p>\n<p>\nImportant factors that may cause such a difference include, but are not limited to, our ability to provide our services and products in a cost-efficient manner; adverse impacts due to government funding and budgetary delays, issues and timing; adverse impacts related to performance timing and cancellation of a project; our ability to introduce, market and gain broad acceptance of our new and existing product and service offerings in the transportation industry; the potential impact of product and service offerings from competitors and other competitive pressures; and the impact of general economic, political and other 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\u2019s website (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=53386654&amp;newsitemid=20230425005189&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=12&amp;md5=5d92bac5a6606ecad63c5aea3f6b1f12\">www.sec.gov<\/a>).<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230425005189r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230425005189\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230425005189\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact<br \/>\n<\/b><br \/>Breanna Wallace<br \/>\n<br \/>Tel: (949) 996-5348<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:brwallace@iteris.com\">brwallace@iteris.com<\/a><\/p>\n<p><b>Investor Relations<br \/>\n<\/b><br \/>MKR Investor Relations, Inc.<br \/>\n<br \/>Todd Kehrli<br \/>\n<br \/>Tel: (213) 277-5550<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:iti@mkr-group.com\">iti@mkr-group.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California Minnesota United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Data Management Automotive Technology Public Policy\/Government Mobile\/Wireless General Automotive Other Construction &amp; Property Construction &amp; Property Transportation Public Transport Travel Trucking Consulting Transport Professional Services Artificial Intelligence Software Networks Internet State\/Local Hardware<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230425005189\/en\/545349\/3\/Iteris_Logo_black.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Iteris Awarded Contract to Support Minnesota\u2019s Interstate 494 Improvement Project Four-year agreement leverages Iteris\u2019 ClearGuide to provide performance-based smart workzone traffic management\u00a0\u00a0 Iteris will coordinate the design and construction of project-wide traffic management activities to keep traffic moving through vital freeway interchange and local streets Project addresses current and future transportation issues on I-494 leading to the Minneapolis\u2212Saint Paul International Airport MINNEAPOLIS&#8211;(BUSINESS WIRE)&#8211;Iteris, Inc. (NASDAQ: ITI), the world\u2019s trusted technology ecosystem for smart mobility infrastructure management, today announced it has been chosen by the Minnesota Department of Transportation (MnDOT) to provide performance-based maintenance of traffic (MOT) in support of the I-494 Improvement Project in the Minneapolis area. The $377 million I-494 construction design-build project will be led by C.S. McCrossan &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/iteris-awarded-contract-to-support-minnesotas-interstate-494-improvement-project\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Iteris Awarded Contract to Support Minnesota\u2019s Interstate 494 Improvement Project&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-750825","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Iteris Awarded Contract to Support Minnesota\u2019s Interstate 494 Improvement Project - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/iteris-awarded-contract-to-support-minnesotas-interstate-494-improvement-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iteris Awarded Contract to Support Minnesota\u2019s Interstate 494 Improvement Project - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Iteris Awarded Contract to Support Minnesota\u2019s Interstate 494 Improvement Project Four-year agreement leverages Iteris\u2019 ClearGuide to provide performance-based smart workzone traffic management\u00a0\u00a0 Iteris will coordinate the design and construction of project-wide traffic management activities to keep traffic moving through vital freeway interchange and local streets Project addresses current and future transportation issues on I-494 leading to the Minneapolis\u2212Saint Paul International Airport MINNEAPOLIS&#8211;(BUSINESS WIRE)&#8211;Iteris, Inc. (NASDAQ: ITI), the world\u2019s trusted technology ecosystem for smart mobility infrastructure management, today announced it has been chosen by the Minnesota Department of Transportation (MnDOT) to provide performance-based maintenance of traffic (MOT) in support of the I-494 Improvement Project in the Minneapolis area. The $377 million I-494 construction design-build project will be led by C.S. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/iteris-awarded-contract-to-support-minnesotas-interstate-494-improvement-project\/","og_locale":"en_US","og_type":"article","og_title":"Iteris Awarded Contract to Support Minnesota\u2019s Interstate 494 Improvement Project - Market Newsdesk","og_description":"Iteris Awarded Contract to Support Minnesota\u2019s Interstate 494 Improvement Project Four-year agreement leverages Iteris\u2019 ClearGuide to provide performance-based smart workzone traffic management\u00a0\u00a0 Iteris will coordinate the design and construction of project-wide traffic management activities to keep traffic moving through vital freeway interchange and local streets Project addresses current and future transportation issues on I-494 leading to the Minneapolis\u2212Saint Paul International Airport MINNEAPOLIS&#8211;(BUSINESS WIRE)&#8211;Iteris, Inc. (NASDAQ: ITI), the world\u2019s trusted technology ecosystem for smart mobility infrastructure management, today announced it has been chosen by the Minnesota Department of Transportation (MnDOT) to provide performance-based maintenance of traffic (MOT) in support of the I-494 Improvement Project in the Minneapolis area. The $377 million I-494 construction design-build project will be led by C.S. McCrossan &hellip; Continue reading \"Iteris Awarded Contract to Support Minnesota\u2019s Interstate 494 Improvement Project\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/iteris-awarded-contract-to-support-minnesotas-interstate-494-improvement-project\/","og_site_name":"Market Newsdesk","article_published_time":"2023-04-25T13:41:00+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230425005189r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iteris-awarded-contract-to-support-minnesotas-interstate-494-improvement-project\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iteris-awarded-contract-to-support-minnesotas-interstate-494-improvement-project\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Iteris Awarded Contract to Support Minnesota\u2019s Interstate 494 Improvement Project","datePublished":"2023-04-25T13:41:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iteris-awarded-contract-to-support-minnesotas-interstate-494-improvement-project\/"},"wordCount":1000,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iteris-awarded-contract-to-support-minnesotas-interstate-494-improvement-project\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230425005189r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iteris-awarded-contract-to-support-minnesotas-interstate-494-improvement-project\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/iteris-awarded-contract-to-support-minnesotas-interstate-494-improvement-project\/","name":"Iteris Awarded Contract to Support Minnesota\u2019s Interstate 494 Improvement Project - 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