OpenWay Riva-enabled Wasion meters to expand customer choice and
capabilities in global smart metering markets
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 partnered with Wasion Group, a leading energy measurement
instrument, system and service supplier in China, to expand Itron's
OpenWay Riva ecosystem. The companies will develop and deliver OpenWay
Riva-enabled Wasion electricity meters to expand customer choice and
capabilities in markets throughout the world.
Itron's OpenWay Riva IoT solution provides distributed intelligence and
computing power in meters and grid devices, enabling real-time analysis
of data and peer-to-peer communication among intelligent devices at the
edge of the network. The solution's adaptive communications technology
delivers high-performance communications with assured connectivity using
one unified network and communication solution. The standards-based,
highly secure network can readily accept new devices from a growing
ecosystem of third-party technologies, now including the OpenWay
Riva-enabled Wasion meter.
With OpenWay Riva technology embedded in Wasion electricity meters,
utilities will have another choice of metering platform to enable highly
differentiated capabilities and value for their smart metering projects.
These capabilities include high-performance communications with assured
connectivity in all types of services environments as well as data
processing power in edge devices to provide unprecedented grid awareness
that extends to every service delivery point. These capabilities enable
OpenWay Riva-equipped meters to deliver applications that provide
significant improvements in grid reliability, efficiency and safety, as
well as a powerful platform to deliver new services to customers.
Wasion Group is the leading supplier of high-end measurement products in
China and provides metering technology to utilities throughout the
world. The group is the only domestic professional manufacturer that
supplies various advanced energy measurement products, systems and
services, and covers energy production and transmission & distribution
"With this collaboration, Itron is expanding the OpenWay Riva ecosystem
by providing a range of new metering options for our customers
throughout the world. This collaboration further validates the value and
flexibility of our OpenWay Riva solution, which allows meter
manufacturers, technology partners, and service providers to join the
ecosystem and bring to market IoT solutions for utilities and smart
cities," said Jeff Carkhuff, vice president of global solutions
marketing for electricity at Itron. "By taking a platform and ecosystem
approach to our OpenWay Riva solution, we're able to expand the business
case benefits to our utility customers substantially over the life of
"By participating in Itron's OpenWay Riva ecosystem, Wasion Group has
access to game-changing technology that makes our electric meters even
smarter. And our collaboration with Itron will expand our already
growing market presence to areas around the world," said Zheng Xiao
Ping, president of Wasion Group. "We are glad to join forces with Itron,
a world-leader that delivers technology and services, to limit waste and
empower the resourceful use of energy and water."
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.
About Wasion Group
Wasion Group is a leading energy measurement instrument, system and
service supplier in China. Listed on main board of Hong Kong Stock
Exchange in December 2005, it is the first professional group in energy
metering and energy-saving in China that listed outside mainland China,
and the first company in Hunan Province that listed on main board
outside mainland China. In 2015, its sales revenue reached nearly 3
billion Yuan and it paid a total of over 350 million Yuan in taxes.
Currently, its products are exported to more than 20 countries and
regions, and established friendly and cooperative relations with more
than 40 countries and regions. Wasion's product quality is widely
recognized by users.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170118005320/en/
Sharelynn Moore, 509-891-3524
President, Global Marketing and Public Affairs
Source: Itron, Inc.
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