Iteris Selected as Source of Personalized Traveler Information by Inabled Online.Business Editors and High-Tech Writers ANAHEIM, Calif.--(BUSINESS WIRE)--Oct. 18, 2000 Iteris Inc., a subsidiary of Odetics Inc. (Nasdaq:ODETA)(Nasdaq:ODETB), has entered into an agreement with Inabled Online Corp. to supply real-time traffic information for use in the Inabled Lobby(TM) and Inabled Office(TM) information systems installed in commercial and public buildings throughout the nation. "Our agreement with Inabled Online demonstrates an ideal application for personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. traveler information, an initiative that is fast becoming the main focus of Iteris's business for the future," said Don Sinnar, vice president of Iteris. "Having traffic information displayed in the workplace will enable people to make informed travel decisions including when to travel to and from work and also which routes to take." Joe E. Russell, chief executive officer of Inabled Online commented, "We're excited about including Iteris's traffic information on our Inabled Lobby and Inabled Office portals because they provide timely and useful information which is important to tenants and visitors in office buildings." The extent of the relationship between Iteris and Inabled is rapidly expanding both in terms of geographic coverage and Inabled products displaying Iteris's real-time traffic information. Inabled is actively increasing their customer base with an aggressive roll out schedule including many of the key metropolitan areas of the country. Currently, Inabled's portal systems portal system: see circulatory system. have been installed in numerous locations throughout California and deployment of the systems in other states is underway. The content displayed on Inabled's products is delivered via the Internet and unique to each end user's location, based upon the needs and demands of the tenants in the buildings. "Inabled has impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: us with their innovative and dynamic ways to connect building tenants and visitors to the world of information. They have already demonstrated the need and tremendous reception for timely information by a target audience that has enormous business potential for both of our companies," said Sinnar. Iteris derives it traffic information from a variety of public and private data collection sources. Then, using proprietary Data Fusion Data fusion, is generally defined as the use of techniques that combine data from multiple sources and gather that information in order to achieve inferences, which will be more efficient than if they were achieved by means of a single source. Engine software, Iteris aggregates information about traffic and road conditions into a format suitable for distribution. In the case of Inabled Online, for distribution to two of Inabled's Internet enabled information systems, the Inabled Lobby and Inabled Office. Inabled Lobby is an electronic directory and information system designed for use by tenants, suppliers and buildings guests. It consists of a 42-inch gas plasma display (electronics) gas plasma display - A type of display containing super-energised neon gas, used mostly in flat monitor and television screens. Each pixel has a transistor that controls its colour and brightness. Plasma. Flat Screen Technology. More about Gas Plasma. capable of running streaming video A one-way video transmission over a data network. It is widely used on the Web as well as company networks to play video clips and video broadcasts. Computers in home networks stream video to digital media hubs connected to a home theater. and crisp, colorful graphics. The system features a touch screen that provides access to information including a directory and profiles of buildings tenants, news, weather and now real time traffic. The Inabled Office is a building-centric Web site that Inabled provides to facilitate the communication of relevant content and applications for office tenants. In addition to being a Web site tailored for each building, the Inabled Office combines local information with useful resources for tenants. The Inabled Office also includes a Property Manager Toolbox See toolkit and toolbar. , which bridges communication between the property manager and the tenants. About Inabled Online Corp. Inabled Online Corp. is a leading provider of building-centric portals, delivered on Internet-enabled platforms. Inabled systems provide real estate owners, property managers and tenants with a convenient and effective tool that enhances operating efficiency, increases communication and provides information about services available in and around a building. Inabled Online Corp.'s headquarters is located in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. . For more information about Inabled Online Corp. call 858/658-0600 or see their Web site at www.inabled.com. About Iteris Inc. Iteris, a subsidiary of Odetics, is a leading provider of advanced information, software and sensor 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 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, Calif. with additional operations in Europe and Asia. Important Notice: This 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, and the significant uncertainty of market acceptance of new products by both distributors and end-user customers. Investors are strongly encouraged to review the risk factors set forth in the Odetics Inc.'s Annual Report for the fiscal year ended March 31, 1999, 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 for the quarter ended Dec. 31, 1999, on Form 10-Q Form 10-Q See 10-Q. filed with the SEC. |
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