Agriculture and Weather Analytics Segment’s FY19 Net Bookings Total
SANTA ANA, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24ITI&src=ctag” target=”_blank”gt;$ITIlt;/agt; lt;a href=”https://twitter.com/hashtag/Iteris?src=hash” target=”_blank”gt;#Iterislt;/agt;–Iteris,
Inc. (NASDAQ: ITI), the global leader in applied informatics for
transportation and agriculture, today announced that its Agriculture and
Weather Analytics segment recorded $6.3 million in net bookings for the
fiscal year ending March 31, 2019, representing a 32% increase from the
same prior-year period.
The segment’s full-year net bookings reflect significant and sustained
demand for both Iteris ClearAg®
and Iteris ClearPath
Weather®. ClearAg provides environmental intelligence to
agribusinesses and agriculture allied providers, while ClearPath Weather
provides predictive roadway intelligence to state and local agencies, as
well as commercial entities. Iteris offers both ClearAg and ClearPath
Weather on a software-as-a-service (SaaS) basis.
Recent notable Agriculture and Weather Analytics new customer bookings
A leading crop science company focused in the field of biologics will
integrate ClearAg’s environmental intelligence into the crop science
company’s crop modeling platform.
a leading developer of rice seed technology, will use ClearAg’s
machine learning platform to develop advanced rice seed models.
A leading international contract research organization in the field of
Agrosciences, selected ClearAg for use in 19 countries.
Two irrigation solution providers, including CropMetrics,
will integrate ClearAg’s environmental intelligence into their unique
irrigation solutions offerings.
A national agricultural agency in the UK, the Agriculture
& Horticulture Development Board, ingested ClearAg hyperlocal
current and forecast weather data into the board’s WeatherHub.
Several leading European allied providers, including Hummingbird
Technologies and Dacom
Farm Intelligence, will embed ClearAg APIs and/or visualization
components into their solutions.
“We are excited by the response from our target customer base to the
solutions-oriented approach we introduced in FY19,” said Jim Chambers,
senior vice president and general manager, Agriculture and Weather
Analytics at Iteris. “Looking ahead, we anticipate continued significant
demand for our environmental intelligence and predictive roadway
intelligence solutions, with a particularly high level of customer
interest in ClearAg emanating from the Europe and North America markets.”
About Iteris, Inc.
Iteris is the global leader in applied informatics for transportation
and agriculture, turning big data into big breakthrough solutions. We
collect, aggregate and analyze data on traffic, roads, weather, water,
soil and crops to generate precise informatics that lead to safer
transportation and smarter farming. Municipalities, government agencies,
crop science companies, farmers and agronomists around the world use our
solutions to make roads safer and travel more efficient, as well as
farmlands more sustainable, healthy and productive. Visit www.iteris.com
for more information and join the conversation on Twitter,
Iteris Forward-Looking Statements
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,” “outlooks,” “target,” “intends,” “plans,”
“seeks,” “estimates,” “may,” “should,” “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 success, and benefits of the new
customer bookings and the performance, functionality and utility of our
products and services. 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 provide the products and services on a
cost-effective basis; government funding and budgetary issues, and
potential related scheduling and funding delays; the impacts of general
economic, political, and other conditions in the markets we address; the
future adoption of our Agriculture and Weather Analytics technologies in
the markets we address; customer’s dedication of resources and ability
to achieve market acceptance for its own products and services; and the
potential impacts of product and service offerings from competitors and
such competitors’ patent coverage and claims. 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
Tel: (949) 270-9523
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