Iteris Introduces New Products at ITS America Annual Meeting and Exposition.-- New Products Enhance Ease of Use and Increase Versatility of Vantage Video Detection Product Line -- ANAHEIM, Calif. -- Iteris, Inc. (AMEX AMEX See: American Stock Exchange :ITI (Information Technology Industry Council, Washington, DC, www.itic.org) Formerly the Computer and Business Equipment Manufacturers Association (CBEMA), founded in 1916. ITI is a membership organization composed of approximately 30 large high-tech companies. ), a leader in machine vision technologies and Intelligent Transportation Systems that optimize traffic flow and enhance driver safety, today announced the introduction of new additions to its Vantage product line at the ITS America See ITS. Annual Meeting in Palm Springs, California Palm Springs is a famed Riverside County, California desert resort city, approximately 110 miles (177 km) east of Los Angeles and 140 miles (225 km) northeast of San Diego. As of the 2000 census, the city population was 42,807. . The products being introduced and displayed at the Annual Meeting include the Edge2-4 processor, which is the industry's first rack mounted Built into a cabinet that has a standard width of 19" or 24". All types of electronics and computing devices come in rack-mounted packages, including servers, test instruments, telecommunications components, tape drives and audio and video equipment. 4 channel video detection system. The new processor is a two board system that fits in industry standard NEMA NEMA National Electrical Manufacturers Association NEMA National Emergency Management Agency NEMA National Emergency Management Association NEMA Nottingham East Midlands Airport (UK) detector racks and Type 170 input files, and it serves as the core of a small, modular and cost effective four camera system for traffic signal control and other vehicle detection applications. The Edge2-4 has been available on a limited basis prior to this exhibition, and initial sales were recorded in the Iteris fiscal year that ended March 31, 2007. A suite of products which complement the Edge processor line and enhance ease of installation are also being introduced at this meeting. The other new products include the TS2 Interface Module (TS2 IM), Input/Output Module 32 (IOM IOM See: Index and Option Market 32) and V Rack. The TS2 IM is specifically designed to maximize ease of use in the sizable and growing TS2 Type 1 market segment. "We have achieved a leadership position in the vehicle detection market by offering users a broad range of hardware options, high performance and outstanding ease of use," said Greg McKhann, Iteris' senior vice president and general manager of Iteris' Roadway Sensors business. "The Edge2-4 processor and the suite of complementary products being introduced today further enhance the breadth and ease of use of our product line, which we believe will help Iteris and our channel partners accelerate the adoption of our Vantage systems. We are excited about the new additions to our line, and we will continue to introduce innovative, cost effective and easy to use products to our market." Iteris is located in exhibit #621 at the ITS America Exhibition. About ITS America's 2007 Annual Meeting & Exposition ITS America's Annual Meeting & Exposition, June 4-6, 2007 in Palm Springs, California will be the biggest gathering of transportation and technology professionals involved in the development or deployment of ITS. For the latest information on ITS America's 2007 Annual Meeting, visit www.itsa.org/annualmeeting.html. About Iteris, Inc. Iteris, Inc. is a leading provider of outdoor vision systems and sensors that optimize the flow of traffic and enhance driver safety. Iteris combines 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 transportation and safety solutions. Iteris, Inc. is headquartered in Anaheim, California. Investors are encouraged to contact us at 714.774.5000, or at www.iteris.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 and expected benefits of our technology, our future prospects, our expectations of the growth potential in certain geographic markets and the expected emphasis our dealers and value added resellers place on selling Iteris products. 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; the timing and successful completion of customer qualification of our products and the risks of non-qualification; 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. 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 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. , our Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. , our Current Reports on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. and our other SEC filings that are available through the SEC's website (www.sec.gov). |
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