Itron, Inc. operates as a technology and services company that provides solutions that measure, manage, and analyze energy and water use. The company’s product portfolio helps utilities to manage resources. Segments The company operates under three segments that include Electricity, Gas, and Water. Electricity This segment supplies electricity metering solutions, including standard meters and advanced and smart metering systems. Gas This segment supplies gas metering solutions, including standard meters and advanced and smart metering systems. Water This segment supplies standard and advanced water meters and communication modules. Business The company offers solutions that enable electric and natural gas utilities to build smart grids to manage assets, secure revenue, lower operational costs, improve customer service, and enable demand response. Its solutions include standard meters and advanced and smart metering products, metering systems, and services, which empower and benefit consumers. The company supplies solutions to address the challenges facing the water industry, including increasing demand and resource scarcity. It offers product portfolio, including standard meters and advanced and smart metering products, metering systems, and services, for applications in the residential and commercial industrial markets for water and heat. The company offers a portfolio of services to its customers. These include licensing meter data management and analytics software, managed services, software-as-a-service (hosted software), technical support services, licensing hardware technology, and consulting services. The company classifies metering systems into three categories, including standard metering systems, advanced metering systems, and smart metering systems. Standard Metering Systems Standard metering systems employ a standard meter, which 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 typically performed by a utility representative or meter reading service provider. Worldwide, the company produces standard residential, commercial and industrial, and transmission and distribution 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 resource management and operations. Worldwide, the company produces electricity, natural gas, and water advanced metering systems and related 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 could 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 could also include adaptive communication technology (ACT). ACT enables dynamic selection of the optimal communications path, utilizing RF or PLC, based on network operating conditions, data attributes and application requirements. Sales and Distribution The company uses a combination of direct and indirect sales channels in it segments. 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 global competitors include Aclara (Sun Capital Partners), Elster (Honeywell International Inc.), Landis+Gyr (Toshiba), and Silver Spring Networks. On a regional basis, other major competitors include OSAKI Group, Sagemcom Energy & Telecom (SAS), Sensus (The Resolute Fund, L.P.), Trilliant Networks, and ZIV (Avantha Group). Gas-The company’s primary global competitor is Elster. On a regional basis, other major competitors include Aclara, Apator, Landis+Gyr, LAO Industria, and Sensus. Water-The company’s primary global 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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