Iteris Subsidiary Awarded San Fernando Valley North-South Transit Corridor Study

    ANAHEIM, Calif.--Sept. 5, 2002--Iteris Inc., a subsidiary of Odetics Inc. today announced that its subsidiary Meyer, Mohaddes Associates (MMA) has been awarded a contract by the Los Angeles County Metropolitan Transportation Authority (MTA) for the San Fernando Valley North-South Transit Corridor Study.
    MMA will lead a multi-disciplinary team in preparing a Major Investment Study (MIS), which will assess all major north-south corridors and identify the preferred alternative for the transit corridor. The contract is valued at $997,000. The subsequent phase (environmental clearance) of the project is expected to total another $1 million.
    "We are pleased to have been awarded this project. Results of this project have the opportunity to be applied elsewhere in L.A. County and possibly in other parts of the country as well," said Abbas Mohaddes, president and CEO of MMA and Iteris senior vice president of transportation system.
    "The Bus Rapid Transit (BRT) projects offer a cost-effective solution to the traveling public with many attributes of Light Rail Transit. Iteris is leveraging its application of technology in transportation combined with planning and traffic operation to provide an efficient solution for BRT projects."
    "This is an exciting project for the MTA, as we look to expanding enhanced Rapid Bus service in the San Fernando Valley," said Kevin Michel, MTA project manager. "Members of the MMA Team have successfully completed other transit projects for MTA, and I look forward to working with them on this project."
    The California legislature has earmarked $100 million to build a north-south corridor bus transit project that interfaces with the...East-West Burbank Chandler corridor project and with the Ventura Boulevard Rapid Bus Project.
    As part of the MIS, MMA will lead a major public participation program to involve the community in the evaluation of the alternatives. The study will also include urban design and streetscape improvements, as well and transit priority through intersections.

    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 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.