Iteris Recognized by Deloitte as One of the Fastest Growing Technology Companies in Orange County
ANAHEIM, Calif.--Iteris, Inc. (AMEX:ITI), a leader in vision-based technologies and Intelligent Transportation Systems that optimize traffic flow and enhance driver safety, today announced that it has been named one of the fastest growing technology companies in Orange County as recognized by Deloitte & Touche USA, LLP in its prestigious Technology Fast 50 program, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the area.
“We believe our consistent growth and success in today’s very competitive business environment is a strong indication of even more great things to come from Iteris,” said Jack Johnson, chief executive officer of Iteris. “We are pleased to be recognized again this year by Deloitte and credit the ongoing growth at Iteris to the commitment of our associates along with developing leading technology solutions for the surface transportation industry.”
“Sustaining high revenue growth over five years is an exceptional accomplishment,” said Rick Rayson, Managing Partner, Deloitte & Touche LLP in Orange County. “We commend Iteris for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor Iteris as a Deloitte Technology Fast 50 winner.”
Iteris’ 65 percent increase in revenues from 2001-2005 resulted in a ranking of 36th on the list. The annual award program ranks technology companies in Orange County by revenue growth. To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology.
Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About Deloitte
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Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, 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.
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. is headquartered in Anaheim, California. Investors are encouraged to contact us 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 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 website (www.sec.gov).