26.09.2007 12:30:00
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Melton Truck Lines to Make Iteris Lane Departure Warning Technology Standard Equipment on All New Trucks
Iteris, Inc. (AMEX:ITI), a leader in the development and application of
advanced technologies that help reduce traffic congestion and improve
the safety of surface transportation systems, today announced that
Melton Truck Lines, Inc., a premier air-ride flatbed carrier with
significant international cross-border transactions, will make Iteris’
Lane Departure Warning (LDW) standard equipment on approximately 1000
new trucks over the next three years.
"When it comes to highway safety and ensuring
our customers’ goods arrive on time, we
believe adding LDW to our trucks will further our continuing goal of
improving highway safety,” said Bob Peterson,
president of Melton. "Safety is a top priority
for every well managed trucking company and we believe that our decision
to install LDW will have a positive impact in reducing accidents.”
LDW is now part of the Melton standard truck specification and the
company plans to have approximately 1000 additional new trucks outfitted
over its 42-month trade cycle. LDW systems will be installed at Melton’s
service center facility located in Tulsa, Oklahoma. Melton becomes the
fourth major flatbed carrier to install LDW as standard equipment on its
trucks.
Based in Tulsa, Okla., Melton has grown consistently over the years to
become one of the largest flatbed trucking companies in the nation.
Melton has terminals in Laredo, Dallas, and El Paso, Texas as well as
Birmingham, Ala. The decision by Melton to make Iteris’
LDW technology standard on its new trucks came after the company tested
60 units over the course of the last year. In addition to superior field
test performance, Melton received positive feedback on the system from
its drivers.
"We’re pleased to
see another large flatbed carrier recognize the value of our LDW
technology and Iteris looks forward to working with Melton on future
installations,” said Francis Memole, senior
vice president, vehicle sensors for Iteris. "Based
on data Iteris is receiving from other fleet customers that are seeing
significant decreases in lane departure-related accidents, we expect
Melton will see a positive return on their investment in a short period
of time.”
Iteris’ LDW system was the first-of-its-kind
to be deployed in the commercial truck and passenger car markets and it
still remains the only vision-based system in mass production in the
U.S., Europe, and Asia. Over 35,000 LDW systems have been sold for
commercial truck platforms in the U.S. and Europe with an estimated two
billion miles traveled per year. In the U.S., with the addition of
Melton, there are currently 48 fleets specifying Iteris’
LDW system with a combined fleet size of 28,000 trucks and another 78
fleets with approximately 154,000 trucks conducting field tests.
About Iteris, Inc.
Iteris, Inc. is a leader in the development and application of advanced
technologies that reduce traffic congestion, minimize the environmental
impact of traffic congestion and improve the safety of our surface
transportation systems. Combining outdoor image processing, traffic
engineering and information technology, Iteris offers a broad range of
Intelligent Transportation Systems and driver safety solutions to
customers worldwide. Iteris is headquartered in Santa Ana, California
with offices throughout the U.S., Europe, and Asia. Investors are
encouraged to contact us at 888-329-4483, 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 roll-out and market acceptance of
our LDW technology, the performance and expected benefits of our
technology and LDW systems, production schedules, commercial vehicle and
automotive standards 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 market acceptance of our technologies and of the products
that incorporate our technologies, commercial vehicle and automotive
production schedules and agendas; the timing and successful completion
of customer qualification of our products and the risks of
non-qualification; market acceptance of our LDW system and the vehicles
that incorporate our systems; our ability to specify, develop, complete,
introduce, market and transition our products and technologies to volume
production in a timely manner; 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 website (www.sec.gov).
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