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Article: Iteris Purchases Assets of Hamilton Signal and Expands Traffic Management Product Offerings.
- Article from:
- Business Wire
- Article date:
- April 7, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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-- Hamilton Signal's Abacus[TM] Data Mining Products Enhances Iteris' Traffic Management Technology Portfolio --
SANTA ANA, Calif. -- Iteris, Inc. (NYSE Amex: ITI), a leader in the traffic management market that focuses on the application and development of advanced technologies, today announced that the Company has acquired the assets and intellectual property of Hamilton Signal including the Abacus[TM] system. The founder of Hamilton Signal, Daniel Benhammou, will join Iteris as Abacus Product Manager.
The Abacus system's proprietary technology provides departments of transportation and traffic engineers a cost effective tool to collect traffic data, ...