Iteris nabs contract from VDOT for statewide transportation operations
- Iteris (NASDAQ:ITI) received a new contract by the Virginia Department of Transportation (VDOT) for smart mobility, safety and sustainability programs.
- The deal commences its initial phase of a multi-year contract with an $11.4M order; eventual total contract value is expected to exceed $20M.
- Under agreement terms, Iteris will provide VDOT platform-as-a-service capabilities, including an extensive data portal, next generation real-time traveler information system, new incident management tools and upgraded video distribution services on a statewide basis.