) has announced a strategic alliance with a Brazilian technology
company, Choice. The companies will integrate and jointly market
a non-technical loss (NTL) solution to utilities around the
Itron's comprehensive smart metering and data management
solutions in association with Choice's Revenue Intelligence
technology will help the utilities to identify areas of NTL in
their service territory. The strategic alliance will provide the
utilities with a solution that more quickly and effectively
identifies and recovers electricity losses.
The joint solution's primary focus will be Brazil and help
utilities in delivering a high return on investment. The solution
will optimize both the companies' ability to create, collect,
measure, store and analyze meter information.
Recently, Itron declared the expansion of its gas product
portfolio with the release of a new residential gas meter, remote
disconnect shutoff valve and gas sensors for natural gas
utilities. The new products will make the utilities operational
and address delivery challenges, efficiencies and service
reliability. The new gas products are designed to meet the
growing challenges faced by utilities.
Itron, which belongs to the electrical equipment industry along
Agilent Technologies Inc.
), reported first-quarter 2013 adjusted earnings of 31 cents per
share, declining 66% year over year on lower revenues. Adjusted
earnings fell short of the Zacks Consensus Estimate of 46 cents.
Liberty Lake, Wash-based Itron Inc., along with its subsidiaries,
is one of the principal technology providers to the energy and
water industries worldwide. It produces electricity, gas, water,
and heat meters, data collection and utility software solutions
along with various other associated metering products for
residential, commercial and industrial, and transmission and
Itron currently retains a short-term Zacks Rank #5 (Strong Sell).
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