Itron, Inc. provides metering solutions to electricity, gas, and water utility markets worldwide. The company operates under the Itron brand worldwide. Segments The company operates under three segments: Electricity, Gas, and Water. Electricity: The company is a supplier of electricity metering solutions, including standard meters and advanced and smart metering systems. Gas: The company is a supplier of gas metering solutions, including standard meters and advanced and smart metering systems. Water: The company is a supplier of standard and advanced water meters and communication modules. Business The company offers solutions that enable electric and gas utilities to build smart grids to manage assets. Its solutions include standard meters and next-generation advanced and smart metering products, systems, and services. The company classifies metering systems into three categories: standard metering, advanced metering systems, and smart metering systems. Standard Metering Systems: Standard meter systems measures electricity, natural gas, water, or thermal energy by mechanical, electromechanical, or electronic means, with no built-in remote-reading communication capability. Standard meters require manual reading, which is performed by a utility representative or meter reading service provider. Worldwide, the company produces standard residential, commercial and industrial (C&I), and transmission and distribution (T&D) electricity, natural gas, water, and heat meters. Advanced Metering Systems: Advanced metering systems use a meter with 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/or fixed networks. This allows utilities to collect meter data for billing systems and analyze the data for more efficient resource management and operations. Worldwide, the company produces electricity, natural gas, and water advanced metering systems and technology. Smart Metering Systems: Smart metering systems employ meters, which have two-way communication capability to collect and transmit meter data to support various applications beyond monthly billings. Smart meters can collect and store interval data, remotely connect and disconnect service to the meter, send data, receive commands, and interface with other devices, such as in-home displays, smart thermostats and appliances, home area networks, and advanced control systems. Smart meters also include adaptive communication technology (ACT). Sales and Distribution The company uses a combination of direct and indirect sales channels. A direct sales force is utilized for large electric, natural gas, and water utilities. For smaller utilities, the company uses an indirect sales force that consists of distributors, sales representatives, partners, and meter manufacturer representatives. Competition Electricity: Within the Electricity business line, the company’s primary competitors include Elster (Melrose PLC), GE Digital Energy (General Electric Company), and Landis+Gyr (Toshiba). On a regional basis, other major competitors include Aclara (Sun Capital Partners), OSAKI Group, Sagemcom Energy & Telecom (SAS), Sensus (The Resolute Fund, L.P.), Silver Spring Networks, Trilliant Networks, and ZIV (Avantha Group). Gas: The company’s primary competitors include Elster and Landis+Gyr. On a regional basis, other major competitors include Aclara, Apator, LAO Industria, and Sensus. Water: The company’s primary competitors include Apator, Diehl Metering (Diehl Stiftung & Co. KG), Elster, Sensus, and Zenner Performance (Zenner International GmbH & Co. KG). On a regional basis, other major competitors include Badger Meter, LAO Industria, and Neptune Technologies (Roper Industries). History Itron, Inc. was founded in 1977. The company was incorporated in 1977 in the state of Washington.
(ITRI:Consolidated Issue Listed on NASDAQ Global Select )
2111 North Molter Road
Liberty Lake, WA 99019
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