LIBERTY LAKE, Wash.--(BUSINESS WIRE)--
Itron, Inc. (NASDAQ:ITRI), a global technology company that helps
utilities measure, manage, and analyze energy and water, and Deutsche
Telekom, a world leading integrated telecommunications company,
announced today that they have signed an agreement to collaborate on
delivering smart metering solutions to target markets in Europe. This
agreement brings two leading companies together in the smart grid and
smart metering space to combine their technology expertise to better
serve the utility industry.
Under this agreement, the two companies will utilize Itron's innovative
smart meter solutions, Deutsche Telekom's M2M capabilities, Information
and Communication Technology solutions and Intelligent Networks Energy
solution offering to bring an even more comprehensive solution and
service offering to European markets. This coupled with the strength of
two large and experienced companies combining efforts to create more
options for customers will result in tremendous opportunities for
utilities.
"Working with a world-class organization like Deutsche Telekom is a true
pleasure," said Remy Brill, Itron vice president and managing director,
EMEA Energy. "This collaboration will give our customers more options
and will deliver real business benefits as they roll-out smart meter
systems."
Itron will embed Deutsche Telekom's SIM cards in its GPRS meters, which
will enable the company to provide a complete solution and service
offering in more markets, building off of Deutsche Telekom's
communication network. The companies are dedicated to delivering the
combined solution to European customers and have already committed to an
initial quantity of SIM cards to be deployed.
Furthermore, both parties agree to cooperate for purposes of creating as
well as responding to joint business opportunities in the area of smart
energy (smart metering, smart grid, and smart home) in European markets.
Joint business development approaches and necessary technological
alignment of the energy management portfolios between the parties ensure
the most robust solutions for utilities. This coordinated approach
brings flexibility to the complexity of smart metering solutions to
customers, which is needed for mass smart metering roll-outs.
"The smart metering industry is demanding end-to-end solutions for
intelligent energy networks. Together with Itron we can offer a complete
M2M based solution from hardware to managed connectivity, integration,
roll-out and operations services," said Jürgen Hase, head of Deutsche
Telekom's M2M Competence Center.
About Itron
Itron is a global technology company. We build solutions that help
utilities measure, manage, and analyze energy and water. Our broad
product portfolio includes electricity, gas, water, and thermal energy
measurement and control technology; communications systems; software;
and professional services. With thousands of employees supporting nearly
8,000 utilities in more than 100 countries, Itron empowers utilities to
responsibly and efficiently manage energy and water resources. Join us
in creating a more resourceful world; start here: www.itron.com.
Itron, Inc.
Sharelynn Moore, 509-891-3524
Vice
President, Corporate Communications
sharelynn.moore@itron.com
Source: Itron, Inc.
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