SANTA ANA, Calif.–Iteris, Inc. (NYSE MKT: ITI), a leader in providing intelligent traffic management and weather information solutions, and Wavetronix, the worldwide market leader in radar traffic detection and monitoring, announce today an agreement to settle patent infringement litigation filed by Wavetronix against Iteris.
As part of that settlement, Iteris has agreed to remove the Continuous Mode feature from its Vantage Vector product, and the parties have dismissed their respective claims. Neither party admits liability and the remaining terms of the resolution are confidential.
For more information about Iteris, Inc., please visit www.iteris.com; for more information about Wavetronix, visit wavetronix.com.
About Iteris, Inc.
Iteris, Inc. (NYSE MKT: ITI) is a leader in providing intelligent information solutions to the traffic management market. The company is focused on the development and application of advanced technologies and software-based information systems that reduce traffic congestion, provide measurement, management, and predictive traffic and weather analytics, and improve the safety of surface transportation systems. By combining its unique IP, products, decades of expertise in traffic management, hyper-local weather solutions and information technologies, Iteris offers a broad range of Intelligent Transportation System (ITS) solutions to customers worldwide. The firm is headquartered in Santa Ana, California, with offices nationwide and in the Middle East. For more information, please call 1-888-329-4483 or visit www.iteris.com.
About Wavetronix – Wavetronix engineers and manufactures products that detect, connect and direct the traffic data needed for safer, more efficient roads and intersections. The SmartSensor line of multi-lane, multi-beam Digital Wave Radar sensors detects vehicles for freeway, arterial and intersection applications; Click Cabinet Systems provide important power and communication integration for traffic detection networks; and Command systems provide valuable onsite or online data management capabilities for DOT operations and planning departments. Founded in 2000, Wavetronix is headquartered in Provo, Utah, with regional offices located in Florida, London, France, China and Singapore. Wavetronix’ proprietary technologies are protected by US and international patents; other patents pending. For more information, visit Wavetronix online at www.wavetronix.com.