Meridian Environmental Technology joining Iteris Family
Meridian Environmental Technology, Inc. (MET), a privately-held company based in Grand Forks, ND has signed a Stock Purchase Agreement to be acquired by Iteris, Inc. (NYSE Amex: ITI), a leader in traffic management focused on the development and application of advanced technologies.
Meridian began operations in 1998 with the focus of providing state-of-the-art systems and operational services designed to enhance the safety and mobility of the nation's highway system. With Meridian's focus on reliability and service, MET quickly became a national leader in 511 advanced traveler information systems, road weather forecasting services, and Maintenance Decision Support System (MDSS) management tools.
Meridian's 511 advanced traveler information systems provide detailed information across all state-owned routes for travelers on demand 24/7. Meridian's MDSS solutions allow users to create solutions to meet roadway maintenance decision needs. The Meridian state-of-the-science MDSS provides Iteris with key capabilities in the emerging performance measurement and management market by delivering detailed and accurate information at the route level.