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10/30/13 - €33.23
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02/13/14 - €22.43
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itron inc (IT6) Details

Itron, Inc. provides metering solutions, meter data management software, and knowledge application solutions to electric, natural gas, and water utilities worldwide. The company offers electricity, natural gas, and water metering systems in three categories, including standard, advanced, and smart. Its standard meters measure electricity, natural gas, water, or thermal energy by mechanical, electromechanical, and electronic means. The company’s advanced metering systems and technology uses a communication module embedded in the meter to collect and store meter data, which is transmitted to handheld computers, mobile units, and/or fixed networks allowing utilities to collect the data for billing systems and analyze the meter data for resource management and operations. Its smart metering systems and technology has two-way communication to automatically collect and transmit meter data to support various applications beyond monthly billings. The company also offers professional services, including implementation, installation, consulting, and analysis; and project management services and post-sale maintenance support services. Itron, Inc. markets its products directly through its sales force to utilities, as well as through indirect sales force consisting of distributors, sales representatives, partners, and meter manufacturer representatives. The company was founded in 1977 and is headquartered in Liberty Lake, Washington.

8,200 Employees
Last Reported Date: 02/26/14
Founded in 1977

itron inc (IT6) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $800.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $600.0K
President of Gas Segment
Total Annual Compensation: $404.2K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $350.0K
Senior Vice President of Strategy and Busines...
Total Annual Compensation: $325.0K
Compensation as of Fiscal Year 2013.

itron inc (IT6) Key Developments

Itron, Inc. Announces the Launch of Itron Riva

Itron, Inc. announced the launch of Itron Riva, its new edge intelligence platform that supports sensing technologies and dynamic applications at the device level. Building on the power of Cisco's open standards IPv6 network and IOx fog computing platform, Itron Riva delivers distributed computing power, control and analytics for automated decision-making at the edge of the network. It also offers adaptive communications, which dynamically determines the network path, including RF or PLC to optimize communications. By bringing intelligence to field devices, Itron is helping create a breakthrough sensing ecosystem to enable growth in global markets ranging from smart grid to the Internet of Things (IoT). The Itron Riva edge intelligence platform enables easy integration of third-party devices, creating numerous possibilities for realizing the promise of the IoT to empower smarter utilities and smarter cities worldwide. Itron Riva also embeds an operating system and processor into field devices and sensors, enabling real-time decision-making at the device level. Action at the edge reduces network traffic, eases the burden of transmitting high volumes of data back to the utility for analysis and minimizes human intervention to perform tasks that can now be automated. Cisco's IOx fog computing platform complements Itron Riva, enabling Itron and Cisco to provide a robust ecosystem of edge computing capabilities. With Itron Riva and IOx, custom applications are supported at the device and field area levels, allowing for greater insight into the network through distributed computing. Itron Riva also builds on the Cisco IPv6 multi-application smart grid reference architecture, which was jointly developed with Itron and provides true plug-and-play wireless and wired communication infrastructure for the IoT. Its adaptive communications intelligently switches between RF and PLC technologies for the most reliable and faster communication path. This supports a continually expanding set of localized and automated smart grid use cases, including distribution automation, demand response, grid sensing and integration of distributed energy resources.

Itron, Inc and i2O Water Announce New Alliance to Offer Smart Pressure Management Solutions

Itron, Inc. announced a new alliance with i2O Water, the U.K.-based world leader in smart pressure management for water networks. The collaboration will expand Itron's water portfolio and round out its non-revenue water (NRW) offering, enabling utilities to more effectively and efficiently manage water resources around the world. i2O's innovative technology helps minimize non-revenue water by reducing physical water losses in the distribution network. i2O's Smart Pressure Management solution joins Itron's suite of NRW products, including acoustic leak detection, district metering and analytics. i2O's solution automatically and continuously optimizes water pressure according to consumption and day-to-day changes in flow. The patented technology provides utilities with visibility into network performance and remote control of pressures to reduce operating costs, better serve customers and extend the life of network infrastructure. The technology conserves water resources through reduced leakage and bursts, cutting the energy consumption associated with water distribution and reducing the carbon footprint of operating distribution networks. Itron has signed a five-year agreement to distribute i2O's Smart Pressure Management products. This new alliance will combine the strengths of each company, including Itron's leadership in the smart water metering space and i2O's market-leading Smart Pressure Management technology, giving Itron's customers access to a comprehensive NRW offering.

Itron, Inc. Appoints W. Mark Schmitz as Executive Vice President and Chief Financial Officer

Itron, Inc. announced that W. Mark Schmitz has been appointed executive vice president (EVP) and chief financial officer (CFO), effective immediately. Schmitz joins Itron with 40 years of experience in finance and executive leadership roles across the manufacturing, service, retail and technology industries. He most recently served as the CFO of Alghanim Industries. Schmitz succeeds Steven Helmbrecht as Itron's CFO.


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