LIBERTY LAKE, Wash.--(BUSINESS WIRE)--
Itron, Inc. (NASDAQ:ITRI) announced today that on Sept. 2, 2016 it
received a notification from The Nasdaq Stock Market, LLC ("Nasdaq")
stating that the company has regained compliance with Nasdaq Listing
Rule 5250(c)(1) requirement for timely financial filings.
On March 16, 2016, Itron received notice it was not in compliance with
Nasdaq Listing Rule 5250(c)(1) regarding periodic filing requirements.
On Sept. 2, 2016, Itron filed its Quarterly Report on Form 10-Q for the
period ended June 30, 2016 and is now current on all of its SEC filings.
In addition, the company is also current with lender covenant
obligations regarding the delivery of annual audited financial
statements and quarterly unaudited financial statements.
Philip Mezey, Itron's president and chief executive officer, said, "We
are grateful to our investors for their patience and support while the
management team and board of directors worked to regain compliance as
quickly as possible. With this matter now resolved, we remain focused on
driving growth and profitability to create value for shareholders."
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® is a registered trademark of Itron, Inc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160907006729/en/
Barbara Doyle, 509-891-3443
Sharelynn Moore, 509-891-3524
President, Corporate Marketing and Public Affairs
Source: Itron, Inc.
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