Iteris Subsidiary Selected for Stockton Boulevard Bus Rapid Transit Study in Sacramento.Business Editors & Transportation Writers ANAHEIM, Calif.--(BUSINESS WIRE)--March 21, 2002 Iteris Inc., a subsidiary of Odetics Inc. (Nasdaq:ODETA)(Nasdaq:ODETB), today announced that Meyer, Mohaddes Associates Inc. (MMA (Microcomputer Managers Association, Inc.) A membership organization with chapters throughout the U.S. that was devoted to educating personnel responsible for personal computers. It disbanded in 1996. Mma - A fast Mathematica-like system, in Allegro CL by R. Fateman, 1991. ), its subsidiary, has been selected to assist the Sacramento Area Council of Governments (SACOG SACOG Sacramento Area Council of Governments ) and its partners with the Stockton Boulevard Bus Rapid Transit
BRT Business Roundtable BRT Brightness BRT Be Right There (chat) BRT Bruttoregistertonnen (German: Gross Register Tons) BRT Biratnagar (Nepal) ) Study. The study, aimed at achieving shorter travel times, increased bus comfort and safety, and improved bus schedule reliability, is a fast track study leading to engineering design and implementation. The initial award is for $300,000. SACOG, at its discretion, may extend the MMA contract for design-related services. "This is a very important project for Iteris strategically. We will be blending our Intelligent Transportation Systems (ITS), systems engineering, and transit and traffic operations expertise for this project," said Abbas Mohaddes, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of MMA and Iteris senior vice president of transportation systems. "A unique visual simulation model (VISIM) will be developed to analyze the corridor microscopically." "MMA's understanding of the project requirements and very strong management and technical approach was key to their selection," said Jim Brown
James Nathaniel Brown (born February 17, 1936) is an American former professional football player who has also made his mark as an actor and social activist. of SACOG, manager of this project. "This is an important project in the Sacramento area as several other corridors could be candidates for similar study and analysis." The purpose of the Stockton BRT is to improve transit along the Stockton Boulevard corridor by identifying potential enhancement options. The study will examine the feasibility and cost effectiveness of BRT or other bus service enhancements. BRT merges the quality of rail transit with the flexibility of buses. A BRT system combines rapid and convenient fare collection, cleaner and quieter vehicles, intelligent transportation systems technology, priority for transit and integration with land use policies. 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 telematics and transportation solutions. For more information, see the Iteris Web site at http://www.iteris.com. About Odetics Odetics provides products and systems that employ information technology to control the use of public roadways, secure ingress An entrance. Contrast with "egress," which means exit. See ingress traffic. See also Ingres 2006. and egress See ingress. of public and private facilities, and secure the delivery of digital communications. Odetics has headquarters in Anaheim and may be contacted at 714/774-5000 or Odetics and the Web sites of each of its subsidiaries at 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 revenue growth, profit margins, the effect of cost- reduction measures and other statements relating to 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, the inability of the company to execute its strategy including the completion of both private and public equity financings of its subsidiaries 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion