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 AgTM 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 agri-businesses, 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 ClearPathTM products. We believe this relationship is a testament of our strategy to properly align our services with complementary adjacent markets.”
ClearPath AgTM 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 data analytics includes broad applications for markets, including traffic, agriculture, 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.”
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 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. Also visit us on Facebook, Twitter, and YouTube.
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 ClearPathTM 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).