Itron Honored with 2014 North American Frost & Sullivan Award for Smart City Company of the Year

LIBERTY LAKE, Wash.—Jan. 26, 2015—Itron, Inc. (NASDAQ: ITRI) announced today it has been honored with the 2014 North America Frost & Sullivan Company of the Year Award for the smart city market. The award recognizes Itron's smart city growth strategy and excellence in implementation. It commends the company's market expansion, consistently-diversified offerings, year-over-year growth in customer wins and repeat business.

Itron offers smart technologies as the foundation for smart cities, enabling cities, utilities and citizens to use information and communications to enhance livability, workability and sustainability. The company's Itron Riva solution, a recently announced Itron offering that will contribute to connecting millions of devices in cities, delivers revolutionary edge intelligence and adaptive communications technology to enable automated decision-making at the edge of the smart grid network. Itron is helping create a breakthrough sensing ecosystem to enable growth in global markets ranging from smart cities to the Internet of Things.

"2014 has clearly been an exceptional year for Itron. The company has exhibited year-over-year growth in customers, repeat businesses as well as venturing into newer territories. Frost & Sullivan firmly believes that Itron is, first and foremost, a technology innovator. The company consistently demonstrates the ability to diversify offerings to combat cyclical sales periods and address emerging market needs," said Farah Saeed, principle consultant at Frost & Sullivan. "With its strong overall performance, Itron has earned the 2014 Frost & Sullivan Company of the Year Award."

Frost & Sullivan follows a 10-step process to evaluate award candidates and assess their fit with select best practice criteria. For the Company of the Year Award, Frost & Sullivan analysts independently evaluated two key factors: visionary innovation & performance and customer impact.

"Itron is honored to be recognized by Frost & Sullivan as the smart city company of the year. At Itron, we are focused on improving resource management and creating smart, sustainable and economically-stable communities of the future," said Russ Vanos, senior vice president of strategy and corporate development at Itron. "We are constantly evaluating how we can adapt to meet the needs of our customers for a smarter, more resourceful future."

Itron was recognized with the award during the 2015 Excellence in Best Practices Awards Gala on Jan. 14, 2015 at the Hilton San Diego.