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Iteris and Meritor WABCO Partner to Expand Driver Performance Reporting Capabilities using SafetyDirect™ Software
Strategic Alliance Opens SafetyDirect to Meritor WABCO's Trucking Fleet Customers
Santa Ana, Calif. - April 13, 2010 - Iteris, Inc.
(NYSE Amex: ITI), a leader in the traffic management market that
focuses on the application and development of advanced
technologies, today announced a strategic partnership with Meritor
WABCO Vehicle Control Systems in Troy, MI, to allow information
captured by Meritor WABCO's SmartTrac and OnGuard active safety
systems to be available through Iteris' SafetyDirect driver
performance reporting software.
Meritor WABCO fleet customers can now use SafetyDirect as a single point of access to monitor and synchronize driver performance data on braking, stability control, following distances, and lane-departure warnings for individual drivers as well as the entire fleet. SafetyDirect uses information transmitted from the vehicle by the fleet's onboard mobile communications system via leading telematic providers such as Qualcomm and PeopleNet, to provide fleet operators with a comprehensive view of the entire fleet, as well as the ability to drill down to detailed information on individual drivers and events. With SafetyDirect, fleet managers can identify risky driver behavior and provide drivers with the training that the fleet managers deem appropriate to reinforce safe driving practices.
"I am delighted to partner with an industry leader such as Meritor WABCO. This alliance is a testament to the industry's validation of our SafetyDirect driver performance reporting system." said Mr. Abbas Mohaddes, president and chief executive officer of Iteris. "Iteris plans to expand market share through not only product development, but also through strategic alliances. With increased political and industry focus on improving driver safety, I believe this partnership will greatly expand our safety offering to a broader segment of the commercial truck market."
"Iteris' SafetyDirect is a perfect complement to Meritor WABCO safety and control systems for commercial vehicles," stated Jon Morrison, president of Meritor WABCO. "Integrating data from Meritor WABCO's SmartTrac and OnGuard active safety systems into Iteris' SafetyDirect and lane-departure warning systems, allows us to provide a more comprehensive safety offering to our customers."
About Meritor WABCO
Meritor WABCO is a joint venture of ArvinMeritor, (NYSE:ARM) and
the WABCO Automotive Control Systems, Inc., a wholly-owned
subsidiary of WABCO Holdings, Inc.
About Iteris, Inc.
Iteris, Inc. is a leader in the traffic management market
focused on the development and application of advanced technologies
that reduce traffic congestion, minimize the environmental impact
of traffic congestion, and improve the safety of surface
transportation systems infrastructure. Combining outdoor image
processing, traffic engineering, and information technology, Iteris
offers a broad range of Intelligent Transportation Systems and
driver safety solutions to customers worldwide. Iteris is
headquartered in Santa Ana, California, with offices throughout
North America and in Europe and Asia. Investors are encouraged to
contact us at 888-329-4483, or at www.iteris.com.
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," "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 performance, acceptance uses and expected benefits of our technology including SafetyDirect, our market opportunities both domestically and abroad and our strategies and future prospects. These statements are subject to change and we undertake no obligation to revise or update publicly any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but
are not limited to the market acceptance of our technologies and of
the products that incorporate our technologies; commercial vehicle
and automotive production schedules and agendas; the timing and
successful completion of customer qualification of our products and
the risks of non-qualification; market acceptance of our lane
departure warning and SafetyDirect systems and the vehicles that
incorporate them; our ability to specify, develop, complete,
introduce, market, and transition our products and technologies to
volume production in a timely manner; the potential unforeseen
impact of product offerings from competitors and other competitive
pressures; and the general economic and political conditions and
specific conditions in the markets we address, including the
general economic slowdown and volatility in the automotive and
commercial vehicle sector. 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).
Media Contacts:
Iteris Investor Relations
Brett Maas, 646-536-7331
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