Iteris,
Inc. (NYSE MKT: ITI), a leader in providing intelligent traffic
management and weather information solutions, entered into an agreement
with Agrian, a leading provider of widely adopted agri-data tracking and
information systems, to provide actionable weather information for
precision agronomy.
Under this agreement, Iteris’ ClearPath Ag™ high-resolution, precision
weather analytics will be integrated into Agrian’s suite of precision
agronomy products. Agrian customers—from individual growers to the
largest agri-food conglomerates, crop consultants, applicators, and
retailers—should have access to Iteris’ high-resolution field-level
precision weather information for technology driven farming, compliance
reporting, and agri-food supply chain optimization.
“By licensing our ClearPath Ag technology to Agrian, we are able to
provide actionable information that should enhance decision-making for
agribusinesses, crop consultants, and producers to maximize crop yields,
minimize risk, and improve compliance reporting,” said Abbas Mohaddes,
president and CEO of Iteris. “This agreement further confirms our
commitment to expanding analytics services from ‘on-road’ to ‘off-road’
by penetrating new markets with our ClearPath™ products. We believe this
relationship is a testament of our strategy to properly align our
services with complementary adjacent markets.”
ClearPath Ag™ from Iteris provides agribusinesses with the actionable
field-level weather information needed for data-driven decision-making
of efficient crop management, risk reduction and mitigation, and
resource allocation. ClearPath Ag is a part of Iteris’ ClearPath set of
weather related information diagnostics and solutions, providing
actionable information for both “on-road” and “off-road” applications.
Iteris’ line of ClearPath content analytics includes broad applications
for markets, including traffic, agriculture, financial, facilities,
utilities, and weather.
“Our mission at Agrian is to deliver the most comprehensive suite of
services and solutions to our agribusiness customers,” said Nishan
Majarian, Agrian CEO. “We look forward to providing our customers with
high-resolution, field-level weather information through Iteris and view
this as a stepping stone to introduce additional precision agronomy
capabilities in the near future.”
About Agrian
Founded in 2004, Agrian Inc. offers the most integrated solution to the
growing demand for information addressing food safety, environmental
concerns, traceability, sustainability, and locally and organically
grown food. The company’s flagship products include Agrian Advisor and
Documented Advisor; Agrian Grower and Documented Grower; Agrian
Applicator and Documented Applicator; and Agrian Handler and Compliance
Handler. For more information, please call 559-437-5700 or visit www.agrian.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 and weather
analytics, and improve the safety of surface transportation systems. By
combining its unique IP, products, decades of expertise in traffic
management, hyper-local weather solutions 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
anticipated results of our agreement with Agrian and the future success
and capabilities of our ClearPath™ products. Such statements are not
guarantees of future performance and 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, our ability to successfully integrate our ClearPath products
and technologies into Agrian’s products on a timely basis; challenges in
the development, roll-out and integration of our ClearPath products and
in software-based solutions generally; Agrian’s dedication of resources
and ability to achieve market acceptance for its own products; the
potential impact of product and service offerings from competitors and
other competitive pressures; the broad adoption of technology based
analytics solutions in the agriculture market; and the impact of general
economic, political and other 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).
Copyright Business Wire 2014