Iteris Awarded $1.3M SaaS Contract By Los Angeles County Metropolitan Transportation Authority For Continued Use Of ClearGuide
Portfolio Pulse from Happy Mohamed
Iteris, Inc. (NASDAQ:ITI) has been awarded a three-year, $1.3 million SaaS contract by the Los Angeles County Metropolitan Transportation Authority (LA Metro) for the continued use of ClearGuide, a technology that provides transportation analytics to support mobility and safety applications. The contract demonstrates LA Metro's confidence in ClearGuide and Iteris' services.
July 11, 2023 | 12:44 pm
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POSITIVE IMPACT
Iteris, Inc. has secured a three-year, $1.3 million contract from LA Metro for the continued use of ClearGuide. This contract could potentially boost Iteris' revenues and strengthen its market position.
The contract from LA Metro is a positive development for Iteris, Inc. as it not only provides a source of revenue but also validates the effectiveness of its ClearGuide technology. This could potentially attract more clients, boosting Iteris' revenues and strengthening its market position.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100