69.1 F
Laguna Hills
Saturday, Dec 3, 2022
-Advertisement-

Iteris Selected by Baton Rouge

Santa Ana-based Iteris Inc. (Nasdaq: ITI), which provides high-tech systems and sensors to improve traffic, said it has been awarded a $3.2 million-contract by the City of Baton Rouge for a smart mobility, safety and sustainability initiative. 

According to mobility data collected by Texas A&M’s Urban Mobility Scorecard, Baton Rouge is one of the most congested mid-size urban areas in the country.  

Under the terms of the contract, Iteris will upgrade over 200 key signalized intersections across hundreds of miles in Baton Rouge, representing almost 50% of signalized intersections in the city, to improve traffic flow, safety and sustainability. 

Shares in Iteris were up 6.1% to $2.97 apiece for a market cap of $126 million today. 

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-