itron inc (ITRI) Key Developments
Salzburg Ag Expands Smart Grid Contract with Itron, Inc
May 20 15
Itron, Inc. announced that Salzburg AG has expanded its smart grid contract with Itron. In the second phase of its smart grid pilot project, Salzburg AG will upgrade its OpenWay smart grid solution with Itron Riva edge intelligence technology, enabling adaptive communications technology along with computing capabilities for meters and other grid devices at the edge of the network. The OpenWay Riva solution builds on the Cisco IPv6 multi-application smart grid reference architecture installed at Salzburg AG. This is the first pilot of OpenWay Riva technology in Europe. Salzburg AG will utilize the solution's adaptive communications technology, which combines two communications technologies radio frequency (RF) and power line carrier (PLC) on the same chip set. The technology automatically utilizes the most reliable and fastest communication path and most efficient modulation scheme based on its location, network operating conditions and the nature of the application or data.
Itron, Inc. Announces Board Changes
May 11 15
Itron, Inc. announced the appointment of Diana Tremblay, vice president of Global Business Services at General Motors (GM) Company, and Frank Jaehnert, former president and chief executive officer of Brady Corporation, to its board of directors effective June 1, 2015. In addition, Graham Wilson retired from the board effective May 8, 2015. Tremblay brings nearly 40 years of manufacturing experience to the position. She has been with GM since 1977, during which time she has held a variety of positions in engineering, manufacturing and labor relations. Most recently, as leader of GM’s newly formed Global Business Services, she is charged with streamlining administrative processes to improve service quality, reduce complexity and achieve cost efficiencies of more than 30% by 2017. Jaehnert served as president and chief executive officer of Brady Corporation, from 2003 to 2013.
Itron, Inc. to Upgrade Water Meters and Improve Productivity of Water Supply in Amman, the Capital City of Jordan
May 8 15
Itron, Inc. announced the initiation of a project to upgrade water meters and reduce apparent water losses in the greater Amman area of Jordan. Itron's fully-compact static ultrasonic water meter is designed and tailored for Middle Eastern conditions. With no moving parts, it allows for protection against unplanned maintenance costs and provides highly accurate measurement over the entire product life. A total of 123,000 of these smart residential ultrasonic water meters will be produced by Itron France and will be installed by the end of July 2016. With Itron's solution, the utility can reduce its NRW by using detailed meter data to analyze network conditions and detect unusual usage patterns. The implementation of the data management system will include three years of monitoring to ensure Miyahuna has fully mastered the Itron solution.
Itron, Inc. Announces Executive Changes
May 4 15
On May 4, 2015, Itron, Inc. announced that John W. Holleran, the company's executive vice president and chief operating officer, will be departing effective December 31, 2015. Mr. Holleran will continue to serve as EVP and COO in the interim.
Itron, Inc. Announces it Will Work with Eletrobras
May 4 15
Itron, Inc. announced that it will work with Eletrobras to modernize its electric grid. Eletrobras’ six subsidiary distribution companies will implement Itron’s OpenWay Riva solution – the first-of-its-kind technology featuring adaptive communications technology and distributed computing power to support new smart grid applications on Cisco’s IPv6 network. Itron’s solution features its new Itron Riva adaptive communication technology, enabling Eletrobras to deploy a single network that incorporates two communications technologies radio frequency (RF) and power line carrier (PLC) working in concert in the same device in real time. The solution dynamically selects the optimal communications path based on network operating conditions, data attributes and application requirements. In addition, Itron Riva technology provides a unified device level software platform for new smart grid applications that leverage high-performance communications and distributed computing power on the lower-voltage network. This enables new approaches that improve the accuracy and timeliness of outage detection and analysis, transformer load management and energy diversion detection. Other distributors from the group will also benefit from traditional smart metering capabilities, including remote metering, remote disconnect, diversion detection and other operational efficiencies, by embedding Itron Riva technology into electricity meters. The solution will be provided as a part of a consortium that includes Itron, Siemens, Telefonica and Telemont, a Cisco partner.