ISSY-LES-MOULINEAUX, France--(BUSINESS WIRE)--
Itron, Inc. (NASDAQ:ITRI) and Teplocom Holding, the leader in thermal
energy metering and associated services in Russia, announced today a
strategic alliance to jointly develop and market metering solutions
technologies in Russia. The cooperation agreement was signed by Itron
and Teplocom on Nov. 27 during the Franco-Russian Intergovernmental
Seminar, the major annual meeting in presence of both Prime Ministers,
Dmitry Medvedev and Jean-Marc Ayrault.
Taking into consideration the move of the Russian metering market
towards high-end water and thermal energy metering products and systems,
the two companies have decided to join forces in order to offer the most
comprehensive and suitable global solutions dedicated to water and
energy management.
As part of the agreement, Itron and Teplocom Holding will jointly
develop and market a thermal energy meter consisting of Teplocom's
calculator and Itron's ultrasonic flow meter. The companies will also
customize Itron's meter data management solution according to Russian
requirements and adapt Teplocom's products to Itron's data collection,
data management and data utilization systems. In addition, Itron's
products and solutions will be distributed through Teplocom Holding's
affiliates, Trade House and Energy Complex Integrator, in Russia.
"With a federal law aiming at increasing energy efficiency, the Russian
market is going through major technological changes which require
high-end and multi-energy solutions," said Andrey Lipatov, CEO of
Teplocom Holding. "Combining Teplocom's leadership position in the
market with Itron's global expertise in advanced metering solutions made
it a natural fit to meet our country's challenges."
"We are very excited to bring our industry knowledge and value in the
energy saving programs and modernization of public services to Russia,"
said Mathias Martin, vice president business development for Itron
Water. "Itron and Teplocom will jointly leverage our respective
strengths to deliver best-in-class products, solutions and services to
the water and energy market in Russia."
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.
About Teplocom Holding
Teplocom Holding is one of the biggest Russian manufacture and sales
associations in instrument production industry in the sphere of
efficient use of resources.
Teplocom Holding develops and manufactures equipment for energy
accounting and energy saving, implements engineering solutions, and
realizes complex energy-saving programs for cities and regional
municipal unions as well.
Our equipment is used in heat power engineering, housing and public
utility sector, industry, at the objects of social sphere, and in other
areas. The energy accounting equipment is designed for operation in
conditions of different regions and CIS states. The annual output is
200,000 equipment units.
The Holding's leadership in the Russian market of energy resource
accounting is confirmed by 20 years of fruitful work and innovative
activity. The Quality Management System of the enterprise is certified
for ISO 9001 International Standard.
The Holding's work in the regions is supported by the network of
regional representative offices and service centers consisting of more
than 180 organizations. Due to high qualification of service network the
thousands of energy resource metering units are reliably operating all
around the country. www.teplocom-holding.ru
Itron France
Isabelle Sevegrand, Director Communications,
Itron Water, +33 1 46 62 24 52
isabelle.sevegrand@itron.com
or
Teplocom
Holding
Kondikova Angelica, Public Relations Management
Director, +7 921 997-53-56
KAU@teplocom-uk.ru
Source: Itron, Inc.
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