Iteris, Inc. Announces Resignation of Kevin C. Daly as a Member of the Board Effective March 31, 2020
August 28, 2019 at 04:30 pm EDT
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On August 26, 2019, Kevin C. Daly, Ph.D. notified the Chairman of the Board of Directors of Iteris, Inc. that, assuming he is re-elected to the Board of the Company at the Company's 2019 annual meeting of stockholders, he has decided to resign as a member of the Board effective March 31, 2020. Dr. Daly decided to resign to pursue other opportunities and not because of any disagreements with management or the Board on any matter relating to the Company's operations, policies or practices.
Iteris, Inc. is a provider of smart mobility infrastructure management solutions. The Company offers its solutions for public and private sectors customers primarily located in North America, which include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services. It offers a range of software solutions, such as ClearGuide, ClearRoute, BlueArgus, TrafficCarma, Vantage Fusion, Vantage Apex, Vantage Fusion, Vantage Next, Vantage Vector, VantagePegasus, SmartCycle Bike Indicator, SmartSpan, VersiCam, PedTrax, BlueTOAD Spectra, BlueTOAD Spectra RSU and P-Series products. Its BlueARGUS is a software-as-a-service solution that collects, analyzes, and visualizes various information related to travel times, speeds, and origin-destination from its BlueTOAD Spectra sensors.