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Transactions

Aug. 21, 2001

Stradling Yocca: GLOBAL INVESTORS HAND $11 MILLION TO ODETICS

Anaheim's Odetics Inc. and its subsidiary, Iteris Inc., have received $11 million in financing, primarily from investors DaimlerChrysler Venture GmbH and GIC Special Investments Pte Ltd.

        Anaheim's Odetics Inc. and its subsidiary, Iteris Inc., have received $11 million in financing, primarily from investors DaimlerChrysler Venture GmbH and GIC Special Investments Pte Ltd.
        Iteris issued preferred and common stock in exchange for $5.5 million in cash, plus the conversion of $4.2 million in debt. Odetics sold $1.4 million of Iteris common stock to Odetics and Iteris...

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