) has introduced a new heat cost allocation solution, EquaScan,
in an attempt to deliver accurate and fair billing for the
rapidly growing multifamily housing market. EquaScan will allow
easier, more accurate and a secure way to measure, manage and
allocate heat energy costs to consumers.
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In various markets, thermal energy is the main source of heat in
multifamily housing. Additionally, efficient use of energy
reduces consumption and helps in saving money. So in order to
preserve resources, the visibility of the individual energy usage
is required greatly to facilitate conscious heating habits.
EquaScan enables the collection of energy consumption data of
customers based on their actual consumption. The solution also
gives customers more privacy with remote data collection.
EquaScan is considered a plug-and-play solution comprising heat
cost allocators, water meter communication modules, master radio
units and application software. This innovative and simple
solution is easy to install, cost-effective and user-friendly.
Communication devices are compatible with existing Itron water
meters, using open standards.
Itron plans to market the solution in a number of countries
including Germany, France, Turkey, China and Russia, targeting
billing service companies, distributors, retailers and building
Itron, which belongs to the electrical equipment industry along
Agilent Technologies Inc.
), was recently selected by Grayson-Collin Electric Cooperative
(GCEC) for its advanced metering solution utilizing cellular
communications. The solution offers energy efficiency,
reliability and resource conservation at minimum cost.
Itron will benefit from continued focus on lowering costs by
reducing capital expenditures and working capital balance.
However, the company continues to face a more challenged
competitive environment in the U.S. for water and gas metering
markets as increasing number of vendors are focusing on these
segments to offset softer electric advanced metering
infrastructure (AMI) markets.
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 holds a Zacks Rank #5 (Strong Sell). However, not
all stocks in the same industry are performing as poorly as
Itron. For instance,
National Instruments Corporation
) holds value with a Zacks Rank #2 (Buy).