Press Release

Itron Announces Closing of Offering and Exercise of Over-Allotment Option

Jun 3, 2009 at 12:00 AM EDT

LIBERTY LAKE, Wash., Jun 03, 2009 (BUSINESS WIRE) -- Itron, Inc. (NASDAQ:ITRI) announced today the closing of its underwritten public offering of 3,162,500 shares of its common stock, which includes the full exercise of the underwriters' over-allotment option of 412,500 shares. Total net proceeds from the offering were $160,623,375.

Canaccord Adams acted as the lead, book-running manager of the offering and Stephens Inc. acted as co-manager. The shares were sold pursuant to the Company's existing shelf registration statement, base prospectus, and prospectus supplement as filed with the Securities and Exchange Commission.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the securities, nor shall there be any sale of these securities, in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About Itron:

Itron, Inc. is a leading technology provider to the global energy and water industries. Our company is the world's leading provider of intelligent metering, data collection and utility software solutions, with nearly 8,000 utilities worldwide relying on our technology to optimize the delivery and use of energy and water. Our products include electricity, gas, water and heat meters, data collection and communication systems, including automated meter reading (AMR) and advanced metering infrastructure (AMI); meter data management and related software applications; as well as project management, installation and consulting services. To know more, start here:

SOURCE: Itron, Inc.

Itron, Inc.
Vice-president, Investor Relations and Corporate Communications
Deloris Duquette, 509-891-3523

Copyright Business Wire 2009


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