nce decision support system (MDSS) management tools that allow users to create solutions to meet roadway maintenance decision needs. iPerform This segment includes the company’s transportation performance measurement and information management solutions, including the operations of Berkeley Transportation Systems, Inc. (BTS), which engages in transportation performance measurement. The BTS performance measurement system utilizes its real-time data collection, diagnostic, fusion, and warehousing platform to aggregate and compute performance measurements. The company engages in the development of IterisPeMS, which is an information management software suite that utilizes a range of data resources and analytical techniques to determine traffic patterns, permitting the performance analysis and management of traffic infrastructure resources. This information could then be analyzed by traffic professionals to measure how a transportation network is performing and to identify areas of improvement. IterisPeMS is also capable of providing users with traffic predictive analytics, and visualization and animation features based on historical traffic conditions. Sales, Marketing, and Customers The company sells its Roadway Sensors products through direct and indirect sales channels. In the territories where it sells direct, the company uses a combination of its own sales personnel and an outside sales organization to sell, oversee installations and set-up issues and support its products. Its indirect sales channels include a network of independent dealers in the United States (U.S.) and certain foreign locations, who sell integrated systems and related products to the traffic management market. It markets and sells its Transportation Systems services and solutions and iPerform solutions directly to government agencies. Suppliers The company’s major suppliers include CTS Electronics Manufacturing Solutions, Inc.; Sony Electronics, Inc.; and LG Electronics, Inc. Seasonality With the addition of MET, the company has experienced seasonality particularly related to certain MDSS services in its first and second fiscal quarters (year ending March 2013) primarily because MDSS services are not required in the summer months when weather conditions are less severe. Product Development The company’s research and development costs and expenses were approximately $3.1 million for the year ended March 31, 2013. Intellectual Property and Proprietary Rights The company holds three U.S. patents, four foreign patent applications, six patent applications in the U.S., and eight provisional patent filings. One U.S. patent, which expires in May 2019, is for general technology related to CMOS sensors. Two U.S. patents, which expire between 2014 and 2029, three foreign patent applications, three U.S. patent applications, and one provisional patent filing relate primarily to the company’s Roadway Sensors technology. One pending foreign patent, three U.S. patent applications, and seven provisional patent filings relate primarily to its iPerform technology. History Iteris, Inc. was founded in 1969. The company was incorporated in Delaware in 1987.
iteris inc (ITI:NYSE Amex)
1700 Carnegie Avenue
Santa Ana, CA 92705
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