Itron and Deutsche Telekom to Offer Expanded Smart Grid Solutions and Services Options

  Itron and Deutsche Telekom to Offer Expanded Smart Grid Solutions and
  Services Options

Business Wire

LIBERTY LAKE, Wash. -- November 29, 2012

Itron, Inc. (NASDAQ:ITRI), a global technology company that helps utilities
measure, manage, and analyze energy and water, and Deutsche Telekom, a world
leading integrated telecommunications company, announced today that they have
signed an agreement to collaborate on delivering smart metering solutions to
target markets in Europe. This agreement brings two leading companies together
in the smart grid and smart metering space to combine their technology
expertise to better serve the utility industry.

Under this agreement, the two companies will utilize Itron’s innovative smart
meter solutions, Deutsche Telekom’s M2M capabilities, Information and
Communication Technology solutions and Intelligent Networks Energy solution
offering to bring an even more comprehensive solution and service offering to
European markets. This coupled with the strength of two large and experienced
companies combining efforts to create more options for customers will result
in tremendous opportunities for utilities.

“Working with a world-class organization like Deutsche Telekom is a true
pleasure,” said Remy Brill, Itron vice president and managing director, EMEA
Energy. “This collaboration will give our customers more options and will
deliver real business benefits as they roll-out smart meter systems.”

Itron will embed Deutsche Telekom’s SIM cards in its GPRS meters, which will
enable the company to provide a complete solution and service offering in more
markets, building off of Deutsche Telekom’s communication network. The
companies are dedicated to delivering the combined solution to European
customers and have already committed to an initial quantity of SIM cards to be
deployed.

Furthermore, both parties agree to cooperate for purposes of creating as well
as responding to joint business opportunities in the area of smart energy
(smart metering, smart grid, and smart home) in European markets. Joint
business development approaches and necessary technological alignment of the
energy management portfolios between the parties ensure the most robust
solutions for utilities. This coordinated approach brings flexibility to the
complexity of smart metering solutions to customers, which is needed for mass
smart metering roll-outs.

“The smart metering industry is demanding end-to-end solutions for intelligent
energy networks. Together with Itron we can offer a complete M2M based
solution from hardware to managed connectivity, integration, roll-out and
operations services,” said Jürgen Hase, head of Deutsche Telekom’s M2M
Competence Center.

About Itron

Itron is a global technology company. We build solutions that help utilities
measure, manage, and analyze 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, 509-891-3524
Vice President, Corporate Communications
sharelynn.moore@itron.com