Argabright Joins Iteris Transportation Systems Team.Business Editors/High Tech Writers ANAHEIM, Calif.--(BUSINESS WIRE)--Oct. 11, 2000 Iteris Inc., a subsidiary of Odetics Inc. (Nasdaq: ODETA) (Nasdaq: ODETB) and a leading supplier of advanced technology product and system solutions to the intelligent transportation systems (ITS) market, Wednesday announced that Teri Argabright has joined Iteris Transportation Systems as Associate Vice President. In addition to leading significant projects and participating in business development, Argabright will also lead quality control of system reports and products nationwide. "Teri brings a significant knowledge in design and application of advanced technologies in transportation," said Abbas Mohaddes, senior vice president of transportation systems. "Her excellent project management style and business development skills are matched only by her dedication to ITS." Prior to joining Iteris, Argabright was the western regional vice president for PB Farradyne. She has 20 years of experience in systems engineering and ITS and recently led notable projects including countywide coun·ty·wide adv. & adj. Throughout a whole county: found at locations countywide; a countywide search. Adj. 1. transit priority system for Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County, MTA (1) (Message Transfer Agent or Mail Transfer Agent) The store and forward part of a messaging system. See messaging system. (2) See M Technology Association. 1. (messaging) MTA - Message Transfer Agent. , and statewide ITS plan for CAATS CAATS Canadian Automated Air Traffic System CAATS Cooperative Approach to Air Traffic Services CAATS California Alliance of Advanced Transportation Systems CAATS Computer-Assisted Aircraft Trouble Shooting System . About Iteris Inc. Iteris Inc., a subsidiary of Odetics Inc., is a leading provider of advanced information, software and sensor A device that measures or detects a real-world condition, such as motion, heat or light and converts the condition into an analog or digital representation. An optical sensor detects the intensity or brightness of light, or the intensity of red, green and blue for color systems. technologies that improve the efficiency and safety of surface transportation. Iteris has combined information technology, system integration and applied sensors to offer a broad range of transportation solutions. For more information, see the Iteris Web site at http://www.iteris.com. About Odetics Inc. Odetics Inc. is a California-based, high technology incubator incubator, apparatus for the maintenance of controlled conditions in which eggs can be hatched artificially. Incubator houses with double walls of mud, a fireroom, and several compartments each holding about 6,000 hens' eggs were developed in ancient times; the with a mission to nurture NURTURE. The act of taking care of children and educating them: the right to the nurture of children generally belongs to the father till the child shall arrive at the age of fourteen years, and not longer. Till then, he is guardian by nurture. Co. Litt. 38 b. and develop its businesses to be spun-off to stockholders. Odetics' current companies develop software- and hardware-based solutions for the television broadcast, video security, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and intelligent transportation systems markets. Odetics' headquarters are located in Anaheim, with additional operations in Europe and Asia. Important Notice: This news release contains statements, which may be deemed to be forward-looking. Actual results could differ materially from those projected in the forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as a result of risk factors such as: short product lives, technological shifts, current technical issues that cannot be resolved on a timely basis, component availability, competition (including new and directly competitive products from others), pricing pressures, incorrect assumptions regarding market demand, the significant uncertainty of market acceptance of new products by both distributors and end-user customers, and the inability of the company to execute its incubator strategy including the completion of initial public offerings of its subsidiaries. Investors are strongly encouraged to review the risk factors set forth in the company's last filed Forms 10-K and 10-Q. |
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