Itron and Tantalus Expand Offering into South America with Project in Guyana

  Itron and Tantalus Expand Offering into South America with Project in Guyana

Guyana Power and Light first international utility to utilize Tantalus, Itron
                                joint offering

Business Wire

LIBERTY LAKE, Wash. & RALEIGH, N.C. -- January 23, 2013

Itron, Inc. (NASDAQ:ITRI), a global technology company that helps utilities
measure, manage and analyze energy and water, and Tantalus, a leading provider
of Smart Grid communications, today announced they have been selected for an
initial deployment of smart meters and AMI infrastructure for South American
utility Guyana Power and Light (GP&L). This project will be a part of the
Sustainable Operations of the Energy Sector and Improve Quality of Service
(GY-L1037) program which is financed by the Government of Guyana through a
loan from the Inter-American Development Bank and GP&L. The National
Procurement and Tender Administration Board (NPTAB)of Guyana, through
competitive bidding, selected Tantalus and Itron to supply electricity meters
and complementing communications infrastructure based on the technical
advantages and competitive value of the joint solution.

“As part of a competitive process, we found that the Tantalus/Itron
partnership offered us the best overall package that provided us with a
reliable, future-proof, cost-effective path to smart metering and other
applications,” said Kumar Sharma, Divisional Director for Guyana Power and
Light. “We look forward to getting this project underway as we continue to
increase the efficiency and functionality of our electricity grid over the
coming years.”

Guyana’s deployment is the first international joint project between Tantalus
and Itron since the two companies announced an alliance in late 2011.The
strategic alliance combines Itron’s SENTINEL® and CENTRON® electricity meters
as well as its electric, gas and water ERT modules with Tantalus’
comprehensive communications network, TUNet®, the Tantalus Utility Network, to
reach public power utilities in North and South America. Uniting the
capabilities of TUNet with Itron’s electricity meters has allowed the
companies to offer a joint solution that accommodates smart metering, demand
response and distribution automation for international markets such as Guyana.

“We’ve been strategic in our expansion into international markets that
recognize the full range of possibilities that can be achieved from robust
two-way communications networks and smart metering,” said Tantalus CEO Eric
Murray. “Guyana Light and Power is leading the way in smart grid technology by
building a network that anticipates the needs of tomorrow’s grid.”

“Itron’s highly adaptable technology is designed to help utilities around the
world reliably manage energy and water. We’re pleased our proven measurement
devices and Tantalus’ network will provide the foundation for Guyana Power and
Light’s smart metering and grid modernization project,” said Lou Gust, Itron’s
vice president of Sales and Marketing electricity in North America.

About Tantalus

Tantalus provides two-way, real-time data communications networks to monitor
and control electric, gas and water utilities. TUNet® – the Tantalus Utility
Network – is an end-to-end WAN/LAN/HAN communications system that operates
with 220 MHz RF, 900 MHz, and IP-based networks including Fiber, WiMAX and
GPRS/cellular, either individually or in combination. TUNet’s patented and
patents pending technologies are purpose built for the Smart Grid. The
Tantalus network unites a utility’s applications, making advanced metering,
outage management, power quality monitoring, load control, and distribution
automation cost-effective and practical throughout both urban and rural
service areas. For more information, please visit www.tantalus.com.

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, 509-891-3524
Vice President, Corporate Communications
sharelynn.moore@itron.com
or
Tantalus
Laura Wright, 919-538-0732
Marketing Communications Manager
lwright@tantalus.com
 
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