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BUSINESS
January 20, 2000
Iteris Inc., an Anaheim supplier of intelligent transportation systems, said Wednesday that it has won a contract valued at about $1.4 million to provide the Virginia Department of Transportation with the nation's first wireless geolocation-based Advanced Traveler Information System. Iteris, formerly known as Odetics ITS, will serve as the prime contractor for the project. Terms and conditions of the final contract are yet to be disclosed.
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BUSINESS
June 7, 2000 | JOHN O'DELL, TIMES STAFF WRITER
Iteris Inc., an Anaheim sensors technology firm, has shipped the first mass-production order of a video-based lane-change warning system to DaimlerChrysler in Europe for use on Mercedes-Benz's Actros commercial trucks. The AutoVue lane departure warning system was developed by Iteris and DaimlerChrysler to help eliminate accidents caused by unintended lane changes.
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BUSINESS
June 7, 2000 | JOHN O'DELL, TIMES STAFF WRITER
Iteris Inc., an Anaheim sensors technology firm, has shipped the first mass-production order of a video-based lane-change warning system to DaimlerChrysler in Europe for use on Mercedes-Benz's Actros commercial trucks. The AutoVue lane departure warning system was developed by Iteris and DaimlerChrysler to help eliminate accidents caused by unintended lane changes.
BUSINESS
January 20, 2000
Iteris Inc., an Anaheim supplier of intelligent transportation systems, said Wednesday that it has won a contract valued at about $1.4 million to provide the Virginia Department of Transportation with the nation's first wireless geolocation-based Advanced Traveler Information System. Iteris, formerly known as Odetics ITS, will serve as the prime contractor for the project. Terms and conditions of the final contract are yet to be disclosed.
BUSINESS
December 18, 1999 | (Dow Jones)
A subsidiary of Odetics Inc., an Anaheim incubator for technology businesses and maker of telecommunications equipment, filed documents Friday to go public with an initial offering of $50 million worth of common shares. The company said in a Securities and Exchange Commission filing that its Odetics ITS Inc. subsidiary will reincorporate next month as Iteris Inc. and will offer an undetermined number of shares under the Iteris name.
BUSINESS
March 23, 2000 | Bloomberg News
Odetics Inc., an Anaheim supplier of communications equipment and services, said it is postponing plans to spin off its Iteris Inc. unit because of volatility in the stock market. Earlier this week, Odetics had announced a two-day delay in its plans to distribute Iteris shares to Odetics shareholders. The unit makes traffic-management safety systems such as a device that warns drivers if their vehicles wander into another lane. Odetics shares fell 31 cents to $18.13.
BUSINESS
August 30, 2001 | A Times Staff Writer
Odetics Inc., an Anaheim technology and communications company, said Wednesday that its majority-owned subsidiary, Iteris Inc., has won a $13-million prime contract from the Federal Highway Administration. Odetics said the two-year contract calls on Iteris to provide maintenance and support for the National Intelligent Transportation Systems program, which is aimed at using technology to help solve traffic congestion, safety and productivity problems. Iteris will work with Lockheed Martin Corp.
BUSINESS
March 15, 2000 | (Dow Jones)
Odetics Inc. said it expects to spin off its Iteris Inc. subsidiary, formerly known as Odetics ITS Inc., on March 21 for shareholders of record March 20. Odetics, which is based in Anaheim, said it plans to complete the spinoff by means of a dividend distribution of all of its Iteris common stock to shareholders of Odetics Class A and Class B common stock. Odetics is an Anaheim incubator for technology businesses and maker of telecommunications equipment.
BUSINESS
January 28, 2000
The Anaheim incubator for electronics companies posted net income of $20.7 million, or $2.18 a share, for its fiscal third quarter, a turn-around from a $3.8-million loss, or 49 cents a share, in the previous year's third quarter. Revenue fell 6% to $15.2 million for the quarter ended Dec. 31. Separately, Odetics said that a DaimlerChrysler AG subsidiary invested $3.75 million in Iteris Inc.
BUSINESS
April 27, 2000
Iteris Inc., a provider of intelligent transportation systems, said Wednesday that it has been awarded a Caltrans contract valued at about $500,000 to develop a new wireless mobile-ramp metering system. The subsidiary of Odetics Inc. said in a press release that the new system to monitor freeway flow and control the onramp signals is expected to be complete within 12 months. The new meters will be deployed in construction areas where ramp meters have not been installed or are not operating.
BUSINESS
December 18, 1999 | (Dow Jones)
A subsidiary of Odetics Inc., an Anaheim incubator for technology businesses and maker of telecommunications equipment, filed documents Friday to go public with an initial offering of $50 million worth of common shares. The company said in a Securities and Exchange Commission filing that its Odetics ITS Inc. subsidiary will reincorporate next month as Iteris Inc. and will offer an undetermined number of shares under the Iteris name.
BUSINESS
June 7, 2000 | John O'Dell
The first mass-production order of a video-based lane-change warning system has been shipped by an Anaheim sensors technology firm, Iteris Inc., to DaimlerChrysler in Europe for use as optional equipment on Mercedes-Benz's Actros commercial trucks. The AutoVue lane-departure warning system was developed by Iteris and DaimlerChrysler to help prevent accidents caused by unintended lane changes.
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