Profile: Itron Inc (ITRI.O)
Itron, Inc.(Itron), incorporated on December 1, 1977, is a technology company. The Company is the global suppliers of a broad range of standard, advanced, and smart meters and meter communication systems, including networks and communication modules, software and services. The Company operates in two operating segments: Energy and Water. The Energy operating segment includes its global electricity and gas products. The Water operating segment includes its global water and heat products. The Company’s communications network platform supports robust and standards-based Internet protocol, power-line-carrier, and cellular networks supporting multiple protocols according to its customers' needs around the world. On May 1, 2012, it completed acquisition of SmartSynch, Inc. (SmartSynch).
The Company’s software provides mobile and networked meter reading, customer care, billing, distribution design and analysis, forecasting and load research. Its services include delivery solutions and managed services on-site or through private cloud solutions. The Company offers solutions that enable energy utilities to build smart grids to manage assets, secure revenue, lower operational costs, improve customer service, and enable demand response. Its solutions include standard meters and smart metering products, systems, and services, which ultimately benefits consumers. It offers a complete product portfolio for applications in the residential and commercial industrial markets for water and heat.
The Company classifies metering systems into three categories: standard metering, advanced metering systems and technology, and smart metering systems and technology. A standard meter measures electricity, natural gas, water, or thermal energy by mechanical, electromechanical, or electronic means, with no built-in remote-reading communication capability. Worldwide, it produces standard residential, commercial and industrial (C&I), and transmission and distribution (T&D) electricity, natural gas, water and heat meters.
Advanced metering uses a one-way communication module embedded in or attached to the meter to collect and store meter data, which is transmitted to handheld computers, mobile units and fixed networks. This allows utilities to collect meter data for billing systems and analyze the data for more efficient resource management and operations. Worldwide, it produces electricity, natural gas and water advanced metering systems and technology. Communication technologies can vary by region and country and include telephone, RF (radio frequency), cellular, PLC (power line carrier), and Ethernet devices.
Smart meters have two-way communication capability to automatically and regularly collect and transmit meter data to support various applications beyond monthly billings. Its smart metering solutions has substantially more features and functions than its advanced metering systems and technology. Smart meters are capable of collecting and storing interval data, remotely connecting and disconnecting, sending detailed information, receiving commands, and may interface with other devices, such as in-home displays, smart thermostats and appliances, home area networks and advanced control systems.
The Company competes with Landis+Gyr (Toshiba), Elster (Melrose PLC), Sensus (The Resolute Fund, L.P.), GE Energy (General Electric Company), Echelon, Aclara (ESCO Technologies), Silver Spring Networks, Trilliant, Elster, Sensus, Landis+Gyr, Diehl Metering (Diehl Stifung & Co. KG) and Neptune Technologies (Roper Industries).
2111 North Molter Road
LIBERTY LAKE WA 99019