Iteris Recognized by Deloitte as One of the Fastest-Growing Technology Companies in Orange County; Iteris Ranks 29th in 'Orange County Technology Fast 50'
ANAHEIM, Calif.--Nov. 7, 2005--Iteris Inc. (AMEX:ITI), a leader in the development of vision-based technology that enhances driver safety, today announced it has been named one of the fastest-growing technology companies in Orange County as recognized by Deloitte & Touche LLP in its prestigious Technology Fast 50 Program."We believe our growth and success in today's very competitive technology environment is a compliment to the quality of the proprietary products and services we offer and provides a strong foundation for the future of Iteris," said Jack Johnson, CEO of Iteris. "We are pleased to be recognized in Deloitte's Technology Fast 50 program and credit the continued commitment from our employees along with a focus on the development of leading transportation and safety solutions with the revenue growth."
Iteris' 93 percent increase in revenues from 2000-2004 resulted in a ranking of 29th on the list. The annual award program ranks technology companies located in Orange County by revenue growth. To be considered, Technology Fast 50 entrants must: have operating revenues of at least $50,000 in 2000 and at least $1,000,000 in 2004; have headquarters in Orange County; be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of its operating revenues; or devotes a significant proportion of revenues to the research and development of technology.
Winners of the 15 regional Technology Fast 50 programs in the United States and Canada are automatically entered on Deloitte's Technology Fast 50 or Technology Fast 500 programs.
About Iteris Inc.
Iteris Inc. is a leading provider of outdoor vision systems and sensors that optimize the flow of traffic and enhance driver safety. Iteris combines outdoor image processing, traffic engineering, and information technology to offer a broad range of transportation and safety solutions. Iteris has headquarters in Anaheim. Investors are encouraged to contact the company at 714-774-5000, or at www.iteris.com.
About Deloitte
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Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
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 are subject to change and we undertake no obligation to revise or update publicly any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
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 Web site (www.sec.gov).