Companies' integrated solution to help identify non-technical losses
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--
Itron, Inc. (NASDAQ:ITRI) announced today a strategic alliance with
Choice, a Brazilian technology company, to integrate and jointly market
a non-technical loss (NTL) solution to utilities around the world, with
a strong focus in Brazil. The joint solution will help utilities quickly
identify areas of non-technical loss in their service territory,
delivering a high return on investment.
Itron is a global technology company that helps utilities measure,
manage and analyze energy and water, and Choice is a leading NTL
solution provider serving Brazil and other areas of Latin America.
Itron's comprehensive smart metering and data management solutions
integrated with Choice's Revenue Intelligence technology will provide
utilities with a solution that more quickly and effectively identifies
and recovers electricity losses. The solution will optimize both
companies' ability to create, collect, measure, store and analyze meter
information.
"Several utilities in Brazil and Latin America experience high
non-technical electrical losses. By collaborating with Choice, we are
bringing together two industry leaders to create a solution that
addresses one of Brazilian utilities' greatest needs," said Gadner
Vieira, general manager of Itron's electricity business line in Latin
America. "Itron is committed to helping utilities more efficiently
manage energy resources. This solution will help utilities do just that
by recovering lost electricity."
"Choice's extensive experience in the Brazilian market combined with
Itron's global leadership in advanced AMI and MDM solutions will deliver
a best-in-class NTL solution to the electricity market," said Denis
Maia, CEO of Choice. "Our joint goal is to help utilities optimize their
NTL investments to recover losses and increase profits."
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 Choice
Choice is leading provider in Revenue Assurance software for utilities.
Choice developed a cutting-edge analytics on big data solution, called
Revenue Intelligence, to detect energy theft and understand customers'
behavior to improve collections. Revenue Intelligence groundbreaking
technology was awarded as best Latin America solution for Revenue
Protection in 2010 for bringing USD 40 million of EBITDA increasing per
year in a 4 million-customer utility. www.choice.com.br
Itron, Inc.
Sharelynn Moore, 509-891-3524
Vice
President, Corporate Communications
sharelynn.moore@itron.com
Source: Itron, Inc.
News Provided by Acquire Media
