DaimlerChrysler Web Site Highlights Iteris Technology.Business Editors & Automotive Writers ANAHEIM, Calif.--(BUSINESS WIRE)--Oct. 7, 2002 Iteris Inc., a subsidiary of Odetics Inc. (Nasdaq:ODETA)(Nasdaq:ODETB) today announced that DaimlerChrysler is highlighting Iteris's AutoVue(TM) lane departure warning See lane departure system. technology on its Web site: www.daimlerchrysler.com/specials/accidentfreedriving/afd5_e.htm. The lane departure warning system A lane departure warning system (LDW) is a mechanism designed to warn a driver when the vehicle begins to move out of its lane (unless a turn signal is on in that direction) on freeways and arterial roads. was jointly developed by DaimlerChrysler and Iteris, and was originally available as an option on Mercedes Actros trucks. The start of series production and first unit shipment to DaimlerChrysler commenced June 2000. Lane departure warning systems are now in use on trucks manufactured by Mercedes, Freightliner and another European truck manufacturer. The Iteris lane departure warning system is a cost-effective tool to increase driver awareness and reduce accidents. By detecting unintentional departures, AutoVue lane departure warning technology gives drivers more information at a time when they may be distracted or otherwise unaware of the impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. departure. Lane departures are a serious problem with serious consequences. Statistically, lane departures were listed as a factor in 43% of all the fatal accidents in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in 2001. The Iteris solution to this serious problem, lane departure warning, is part of the AutoVue(TM) family of products intended to compliment the way drivers operate their vehicles. "Automotive vision systems are now becoming a reality as can be seen by inclusion of our technology on DaimlerChrysler's Web site," said Francis Memole, Iteris vice president of marketing and business development. "We see a bright future for technologies like AutoVue," Memole concluded. About Iteris Inc. Iteris, a subsidiary of Odetics, is the technology leader in systems and sensors for surface transportation. Iteris has combined outdoor image processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished , traffic engineering and information technology to offer a broad range of telematics Originally coined to mean the convergence of telecommunications and information processing, the term later evolved to refer to automation in automobiles. GPS navigation, integrated hands-free cellphones, wireless communications and automatic driving assistance systems all come under the and transportation solutions. For more information, see the Iteris Web site at http://www.iteris.com. About Odetics Odetics develops products and services to address the safety, security and management of roadways, facilities and networks. Odetics is a market leader for systems and sensors for surface transportation, a supplier of facility access control and environmental security systems, and a developer of broadcast automation systems. Odetics is also a leading provider of equipment built around specific government mandates for secured communications. Odetics has headquarters in Anaheim. Investors are encouraged to contact the company at 714/774-5000, or at http://www.odetics.com. Important Notice This news release contains statements that may be deemed to be forward-looking. These forward-looking statements may include statements about new technologies, revenue growth and other statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the operating results of Odetics or its subsidiaries. Actual results could differ materially from those projected in the forward-looking statements 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, unanticipated capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. , retention of key personnel, general economic conditions, and other factors identified in Odetics' annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and quarterly report on Form 10-Q Form 10-Q See 10-Q. . Investors are strongly encouraged to review the risk factors set forth in Odetics' most recent SEC filings. |
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