Cargo Transporters Specifies Iteris' AutoVue Lane Guidance System on All New Truck Purchases
ANAHEIM, Calif.--Aug. 26, 2002--Iteris Inc., a subsidiary of Odetics Inc. today announced that after 3 1/2 million miles of driving experience, Cargo Transporters, an AutoVue customer since January 2001, has reported they are seeing improved safety and driver satisfaction as a result of using Iteris' AutoVue(TM) Lane Guidance system."We have an excellent safety record, but the AutoVue Lane Guidance is making it even better," said John Pope, president, Cargo Transporters. "We are currently specifying the AutoVue Lane Guidance system on all of our new truck purchases. Our drivers appreciate the extra confidence that the system provides and report that using Lane Guidance on a daily basis makes them better drivers."
According to the National Highway Transportation Safety Administration's (NHTSA) Fatality Analysis Reporting System (FARS), the single largest cause of driver-related fatalities is a lane departure. More than 40% of all vehicular fatalities include a lane or road departure as a contributing factor on the accident report. Many of these are single vehicle accidents that happen in clear weather. Iteris' AutoVue product addresses this concern with its Lane Departure Warning feature, which detects the position of the lane markings relative to the vehicle through machine vision.
Based on the geometry of the vehicle and the roadway, advanced algorithms determine if and when the driver starts making an unintended lane departure and issues a warning. This warning may be audible (through the vehicle's speaker system) or haptic (vibrations through either the seat or the steering wheel) or both. Many years have been spent identifying whether a departure is intended or unintended, thus creating a system that works well to support the driver in many different driving situations.
"Fleet truck buyers and safety directors are increasingly recognizing Lane Guidance as a cost effective way to improve fleet safety," said Francis Memole, vice president of vehicle sensors. "We are excited that Cargo Transporters has confirmed their confidence in Iteris' AutoVue Lane Guidance by specifying it on all of their new truck purchases."
About Iteris Inc.
Iteris, a subsidiary of Odetics, is the technology leader in systems and sensors for surface transportation. Iteris has combined outdoor image processing, traffic engineering and information technology to offer a broad range of telematics and transportation solutions. For more information, see the Iteris Web site at http://www.iteris.com.
About Cargo Transporters
Cargo Transporters is a trucking and logistics company with intrastate and interstate common and contract authority based in Claremont, N.C., specializing in truckload dry van freight with an emphasis on long-term contracts with partner shippers. In addition, servicing customers who require time definite or JIT service. Cargo Transporters services 48 states and Canada with a fleet of 330 trucks and 1,100 trailers. Cargo's Web site is www.cgor.com.
About Odetics
Odetics develops products and services to address the safety, security and management of roadways, facilities and networks. Odetics is a market leader for video-based sensors used in traffic intersection control and automotive safety, a supplier of facility access control and environmental security systems and a developer of broadcast automation systems. Odetics is also a leading provider of equipment built around specific government mandates for secured communications.
Odetics has headquarters in Anaheim. Investors are encouraged to contact the company at 714/774-5000, or at http://www.odetics.com.
Important Notice
This news release contains statements that may be deemed to be forward-looking. These forward-looking statements may include statements about new orders, revenue growth and other statements relating to the operating results of Odetics or its subsidiaries. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors such as: short product lives, technological shifts, current technical issues that cannot be resolved on a timely basis, component availability, competition (including new and directly competitive products from others), pricing pressures, incorrect assumptions regarding market demand, the significant uncertainty of market acceptance of new products by both distributors and end-user customers, unanticipated capital requirements, retention of key personnel, general economic conditions and other factors identified in Odetics' annual report on Form 10-K and quarterly report on Form 10-Q.
Investors are strongly encouraged to review the risk factors set forth in Odetics' most recent SEC filings.