Itron Advances Smart Gas Metering in Europe with New Modular Gas Meter

LIBERTY LAKE, Wash.—October 3, 2012—Itron, Inc. (NASDAQ: ITRI) announced today that it is launching a new smart gas meter platform that is designed to deliver smart meter functionality to the European market as smart meters are rolled-out in the coming years. Itron's smart gas meter will help utilities measure and manage gas through accurate and detailed usage data, as well as reduce business costs by using capabilities, such as remote asset monitoring, advanced alarms and remote valve operation. This innovative meter will replace aging traditional meters in the field with a future-proof product that will support the needs of gas providers today and into the future.

"Itron is a leader in delivering gas technologies around the world, and we've leveraged our expertise to design a state of the art smart gas meter for utilities in Europe," said Remy Brill, Itron vice president and managing director, EMEA Energy. "Itron's advanced smart gas meter supports multiple communications options, providing utilities with the flexibility they need as they deploy smart meters."

As gas metering evolves beyond advanced metering, utilities need a trusted product that will support future needs. Itron's new smart gas meter is the next generation of the proven Gallus product line, equipped with a state-of-the-art modular electronic index. Remotely upgradeable firmware and field swappable communication modules and batteries address the demand for future-proof products that minimize the risk of stranded assets. In addition, other key features include electronic temperature compensation, data logging, advanced alarms, a remote service shut-off valve and an advanced user interface with a digital display that supports easy navigation through the meter's menu, simplifying operation and maintenance.

This new product is initially targeted for the UK and Italy and will be introduced to other European countries in the future.