Award applauds OpenWay Riva™ solution and Itron's exemplary
performance addressing customer needs
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--
Itron, Inc. (NASDAQ: ITRI), a world-leading technology and services
company dedicated to the resourceful use of energy and water, announced
today that it has been honored as the 2016 Asia Pacific Smart Grid
Solutions Company of the Year by Frost & Sullivan for its comprehensive
smart grid solutions. The award was presented during Australian Utility
Week and recognizes the company's exemplary performance in 2015 as a
result of its ability to address unmet customer needs and exceed their
expectations with Itron's OpenWay Riva™ IoT solution.
"Itron is a leader in technology and services, offering solutions to
utilities across the globe that help them be more resourceful with
energy and water. The company has demonstrated an ability to meet the
emerging needs of the Asia Pacific smart grid solutions market with its
OpenWay Riva solution," said Avanthika Satheesh, industry analyst for
energy and environment at Frost & Sullivan. "Based on the company's
strong overall performance during the year, Itron rightly deserves the
2016 Frost & Sullivan Asia Pacific Smart Grid Solutions Company of the
Year."
With the OpenWay Riva solution, Itron is bringing its global experience
and capabilities to the Asia Pacific's smart grid solutions sector,
addressing unmet needs including diversion detection and renewable
integration. According to the report, "the powerful distributed
computing platform, coupled with its innovative adaptive communications
technology running on an open, standards-compliant IPv6 network, has
been met with a positive response from the market."
The smart grid solutions market in the Asia Pacific region saw
significant developments in 2015 with an increase in smart metering,
demand response and grid automation investments in Japan and South
Korea. Smart grid testbeds and smart metering trials grew in Southeast
Asia and Australasia. Ever-increasing migration toward urban centers and
pressure to better manage resources are main drivers for these
developments.
"Itron is proud to be recognized as the Asia Pacific Smart Grid
Solutions Company of the Year. With our OpenWay Riva solution, we are
helping our customers in the Asia Pacific region and around the world
unlock significant new value from their distribution system operations
and customer service. The solution delivers new value in distribution
system efficiency, reliability, safety and new services, allowing our
customers to manage energy and water more resourcefully," said Paul
Nelsen, Itron vice president for Electricity, Asia Pacific.
About Itron
Itron is a world-leading technology and services company dedicated to
the resourceful use of energy and water. We provide comprehensive
solutions that measure, manage and analyze energy and water. Our broad
product portfolio includes electricity, gas, water and thermal energy
measurement devices and control technology; communications systems;
software; as well as managed and consulting services. With thousands of
employees supporting nearly 8,000 customers in more than 100 countries,
Itron applies knowledge and technology to better manage energy and water
resources. Together, we can create a more resourceful world. Join us: www.itron.com.
Itron® and OpenWay® are registered trademarks of
Itron, Inc. All third party trademarks are property of their respective
owners and any usage herein does not suggest or imply any relationship
between Itron and the third party unless expressly stated.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161214005349/en/
Itron, Inc.
Sharelynn Moore, +1-509-891-3524
Vice
President, Global Marketing and Public Affairs
sharelynn.moore@itron.com
Source: Itron, Inc.
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