Iteris Receives $3.75M Contract From San Francisco Bay Area Metropolitan Transportation Commission
Portfolio Pulse from Benzinga Newsdesk
Iteris, Inc. (NASDAQ:ITI) has been awarded a $3.75 million contract by the San Francisco Bay Area Metropolitan Transportation Commission to provide managed services for 511 traveler information operations.
July 23, 2024 | 12:33 pm
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Iteris, Inc. has been awarded a $3.75 million contract by the San Francisco Bay Area Metropolitan Transportation Commission to provide managed services for 511 traveler information operations.
The $3.75 million contract is a significant revenue boost for Iteris, Inc. and reinforces its position in the smart mobility infrastructure management sector. This partnership with the Metropolitan Transportation Commission is likely to positively impact ITI's stock price in the short term.
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