Agreement Opens New Markets for Iteris to Deliver Differentiated
Traffic and Weather Information Products and Services
SANTA ANA, Calif.--(BUSINESS WIRE)--
Inc. (NYSE MKT: ITI), a leader in providing intelligent traffic
management information solutions, has entered into an agreement with Tinga,
Inc., to provide Iteris’ products on Tinga’s AIR Exchange™ (AIREX™),
the first and only cloud-based independent marketplace that gives
investors on-demand access to financially actionable information and
Under the agreement, Iteris’ traffic and weather information products
and services are offered on the AIREX online marketplace for asset
managers, hedge funds, registered investment advisors, corporate buyers,
and other investment professionals.
“Our partnership with Tinga demonstrates the need for our traffic and
weather solutions in markets outside of transportation,” said Tom Blair,
Senior Vice President, iPerform at Iteris. “Soon, global investors who
seek relevant information to make important investment decisions will
have direct access to purchase Iteris products and services through the
Tinga AIR Exchange online marketplace. We look forward to working with
Tinga and being the first in the traffic and weather management market
to leverage their services.”
Stephen Kuhn, CEO of Tinga, commented: "For many investors, traffic and
weather information is a key component of investment analysis and
decision making. Using Tinga’s AIR Exchange, Iteris is now able to offer
timely, accurate and actionable weather and traffic information that our
customers need to be competitive in today’s investor environment. We're
excited to partner with Iteris, and look forward to offering its
industry-leading products and solutions through the AIR Exchange.”
Iteris delivers a new generation of intelligent traffic
and weather-related information solutions. These solutions should
bring the power of big data to the prediction of traffic and weather
conditions, and the delivery of actionable information to both the
public and commercial marketplaces.
About Tinga, Inc.
Tinga’s Air Exchange, or AIREX™,
technology platform is the first and only independent, cloud-based
marketplace that gives investors on-demand access to
institutional-quality data, information and reports. The AIREX is a
unique, cloud-based marketplace that connects providers of financially
actionable information and reports – or Financial AIR™ – with
investors who need that information. By delivering unprecedented product
selection, convenience, and efficiency to investors, the AIREX replaces
archaic, time-consuming, and costly methods of data and research
procurement. And by providing a robust marketing and distribution
platform through which vendors and partners can sell their Financial
AIR, applications and other services to customers, the AIREX effectively
extends their reach throughout today's highly fragmented investor
universe. For more information, please visit www.tingatech.com.
About Iteris, Inc.
Iteris, Inc. (NYSE MKT: ITI) is a leader
in providing intelligent information solutions to the traffic management
market. The company is focused on the development and application of
advanced technologies and software-based information systems that reduce
traffic congestion, provide measurement, management, and predictive
traffic analytics, and improve the safety of surface transportation
systems. By combining its unique IP, products, decades of expertise in
traffic management, and information technologies, Iteris offers a broad
range of Intelligent Transportation System (ITS) solutions to customers
worldwide. The firm is headquartered in Santa Ana, California, with
offices nationwide and in the Middle East. For more information, please
call 1-888-329-4483 or visit www.iteris.com.
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Safe Harbor Statement under the Private Securities Litigation Reform
Act 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 success and timing of this agreement
with Tinga and its effect on our future prospects. Such statements are
subject to certain risks, uncertainties, and assumptions that are
difficult to predict and 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 timing and successful completion of each phase of the
project, including the design, equipment procurement, deployment, and
on-going operation and maintenance; market acceptance of our traffic
information solutions, budget constraints and changing governmental
priorities; the potential unforeseen impact of product and service
offerings from competitors and other competitive or governmental
pressures; general economic and political conditions; and the 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, our
Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our
other SEC filings that are available through the SEC's website (www.sec.gov).
Liolios Group, Inc.
or Cody Slach
Source: Iteris, Inc.