Iteris Names Chad VanderCook Northeast Regional Sales Manager to Focus on Lane Departure Warning Technology; VanderCook to Focus on Development of Northeastern Sales Channel to Expand Company's Share of the Heavy Truck Market
ANAHEIM, Calif.--Aug. 3, 2006--Iteris Inc. (AMEX:ITI), a leader in vision-based technologies and Intelligent Transportation Systems that optimize traffic flow and enhance driver safety, today announced the appointment of Chad VanderCook as its new Northeast Regional Sales Manager. VanderCook will be responsible for sales and business development of Iteris' Lane Departure Warning (LDW) System in the commercial truck market."Chad is the perfect fit for Iteris," said Bill Patrolia, director of North American Truck Sales for Iteris. "With more than 12 years experience in sales and design engineering, his specific background is ideal for our Northeastern client base. For Iteris, we believe a dedicated sales manager in the Northeast region will strengthen our efforts to meet the growing demand for our Lane Departure Warning System nationwide. We are thrilled to have him as part of our team."
VanderCook joins Iteris after spending nine years at BorgWarner in the Emission/Thermal Systems Division. He spent six years as a Regional Sales Manager responsible for the Midwest region selling to commercial fleets, dealers and OEMs and three years working in the engineering department. Prior to that, he worked with Four Winns Boat Group. VanderCook began his career as a Light Infantry Team Leader in the United States Army.
"Iteris has made great strides in the development and deployment of the Lane Departure Warning System and I'm excited for the opportunity to be involved with such an impressive technology and successful product," VanderCook added. "I look forward to being an instrumental part of a team that represents products making our roads safer and ultimately saving lives."
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 Inc. has headquarters in Anaheim. Investors are encouraged to contact the company at 714-774-5000, or at www.iteris.com.
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 include, but are not limited to, statements about the impact of the expansion of our sales team, the performance and expected benefits of our technology and LDW systems, and our future prospects. 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.
Important factors that may cause such a difference include, but are not limited to the integration of our new sales manager, market acceptance of our LDW systems and of the products that incorporate our technologies, the potential unforeseen impact of product offerings from competitors and other competitive pressures; and the general economic and political conditions and specific conditions in the markets we address, including the general economic slowdown and volatility in the automotive sector. 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).