SANTA ANA, Calif. – May 6, 2015 - Iteris, Inc. (NYSE MKT: ITI), a leader in providing information solutions to the transportation and agriculture markets, released its third generation SmartCycle® bicycle detection and differentiation algorithm for its Vantage video detection platform. SmartCycle is an award-winning and patented bicycle detection system that was first released in 2012.
SmartCycle provides the unique capability of distinguishing bicycles from other vehicles across all lanes of traffic. When a bicycle is detected at an intersection, the system extends the green light for that phase, ensuring the cyclist is able to safely cross the intersection.
This new generation enhances the accuracy and capabilities of the system to detect and differentiate bicycles in unique situations such as bike boxes, lane splitting and other real-world and innovative configurations that are becoming more popular throughout the country. In addition to a more accurate and flexible detection algorithm, the system also provides enhancements in handling multiple approaching bicycles and improved bike counting accuracy.
“SmartCycle has been very successful and was the first in the industry to combine both vehicle and bicycle differentiation into a single detection system,” said Todd Kreter, senior vice president and general manager, Roadway Sensors at Iteris. “As we continue to improve and enhance our algorithms, the need for bicycle differentiation should continue to be at the forefront, ensuring proper detection of this growing mode of transportation on the roadways.”
SmartCycle is included in new installations of Iteris' proven Vantage video vehicle detection technology, which has been deployed throughout North America, Latin America, Europe, Asia, and the Middle East. Iteris is the global video vehicle detection leader with more than 120,000 sensors operational worldwide. A global network of exclusive distributors and direct sales offices provide local technical support and training.
About Iteris, Inc.
Iteris, Inc. (NYSE MKT: ITI) is a leader in providing information solutions to the transportation and agriculture markets. We are focused on providing this information to practitioners in these markets to improve their effectiveness and efficiency. By combining our expertise, unique IP and information infrastructure in a suite of products and services, Iteris offers a broad range of solutions to both domestic and international customers. The firm is headquartered in Santa Ana, California, with offices throughout the U.S. and in select locations internationally. For more information, please visit www.iteris.com or call 1-888-329-4483. Also visit us on Facebook, Twitter, and YouTube.
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 demand for and expected benefits of SmartCycle® technology and the Iteris Vantage® video detection system.
Important factors that may cause such a difference include, but are not limited to the market acceptance of our SmartCycle and Vantage systems, and the solutions that incorporate our technologies; the impact of other product offerings from competitors and other competitive pressures; the pricing and availability of our systems; the timing and successful completion of customer qualification of our products and the risks of non-qualification; federal, state, and local government budgetary issues, constraints and delays; our ability to specify, develop, complete, introduce, market, and transition our products and technologies to volume production in a timely manner; 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).
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