Iteris’ plan of compliance letter accepted by NYSE

The New York Stock Exchange has accepted 73 Iteris’ plan of compliance and granted an extension until 15 October 2014 to regain compliance. Iteris previously announced that it had received a letter from the Exchange indicating that the Exchange has determined that the company was not in compliance with Sections 134 and 1101 of the Exchange’s Company Guide due to the company’s inability to file its Annual Report on Form 10-K for the year ended 31 March 2014 with the SEC by the requisite deadline.

The company was afforded the opportunity to submit a plan of compliance to the Exchange, which was completed on 21 July 2014 and accepted on 8 August 2014. Iteris will be subject to periodic reviews by the Exchange staff during the extension period. Failure to make progress consistent with the plan or to regain compliance with the continued listing standards by the end of the extension period could result in the company being delisted.

Iteris continues to work diligently with its auditors to complete the fiscal 2014 audit.