Itron Announces Alliance with Panasonic to Deliver Smart Metering Solutions in Japan

  Itron Announces Alliance with Panasonic to Deliver Smart Metering Solutions
  in Japan

Business Wire

LIBERTY LAKE, Wash. -- November 16, 2012

Itron, Inc. (NASDAQ: ITRI) announced today that it has formed a strategic
alliance with Panasonic Corporation to develop a smart meter platform tailored
to the Japanese market. The companies will utilize their combined global
experience and local presence to offer a smart metering solution that will
meet Japan’s electric utilities’ needs and requirements today and into the
future.

As part of the agreement, Itron will design, develop and deliver an Itron
smart meter with its 3G cellular communications to Panasonic. Because of the
inherent flexibility in Itron’s technology, the solution will support multiple
communication options, including cellular, RF mesh and Power Line Carrier to
meet specific business needs and geographies.

With this collaboration, Panasonic will expand its communications product line
to the smart meter business, contributing to the realization of an ecological
and smart-enabled society via home energy management systems.

In Japan, the Ministry of Economy, Trade and Industry has mandated the
adoption of smart meters over the next 10 years for nearly 80 million electric
meters to help manage energy supply and demand. Smart meters are viewed as a
key tool for gauging energy usage during peak hours so that utilities can
offer special pricing programs to encourage reductions in energy consumption.
This is important as Japan works to implement multiple technology and power
generation alternatives to compensate for the nearly 30 percent loss in
nuclear power generation.

“We’re proud to partner with Panasonic to deliver a proven solution that will
serve as the foundation for the types of programs the government, utilities
and people of Japan envision for their future,” said Philip Mezey, president
and COO of Itron Energy. “Itron’s technology will help the people of Japan
realize their energy management and conservation goals.”

About Itron
Itron is a global technology company. We build solutions that help utilities
measure, monitor and manage energy and water. Our broad product portfolio
includes electricity, gas, water and thermal energy measurement and control
technology; communications systems; software; and professional services. With
thousands of employees supporting nearly 8,000 utilities in more than 100
countries, Itron empowers utilities to responsibly and efficiently manage
energy and water resources. Join us in creating a more resourceful world;
start here: www.itron.com.

Contact:

Itron, Inc.
Sharelynn Moore
Vice President, Corporate Communications
509-891-3524
sharelynn.moore@itron.com
or
1-800-635-5461
www.itron.com
 
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