Itron Selected to Provide Advanced Metering Solution to Victoria State Water Utilities

LIBERTY LAKE, Wash.—September 24, 2012—Itron, Inc. (NASDAQ: ITRI) announced today that it has been selected to provide its advanced metering solution to Melbourne and regional water companies in the state of Victoria in Australia. The solution will help City West Water, South East Water, Yarra Valley Water and Barwon Water manage supply, optimize usage and conserve water resources. This contract follows a three-year contract Itron completed with the four utilities to deliver water meters and the associated AMR system.

The Melbourne and regional water companies collectively selected Itron meters in its tender evaluation process because of Itron's quality of product, proven service standard and competitive price.

The solution consists of highly-efficient and accurate Itron residential and C&I meters equipped with communication modules, which will be installed at the four utilities over the next three years. The advanced metering solution will help support the modernization of the utilities' water networks and enable better management of water consumption data.

"Melbourne Combined Utilities has a longstanding relationship with Itron. As a trusted partner, Itron continues to help us create a more intelligent water network in Victoria," said Andrew Geary, metering services coordinator for City West Water. "With Itron's improved meter accuracy and advanced metering communication, we can address our need for improved metering accuracy and efficient collection of accurate meter data."

"Helping water providers in Australia solve their business challenges is Itron's priority. Our work with the Melbourne and regional water companies exemplifies Itron's ability to deliver proven technology that meets the unique needs of the country," said Sheena Trumble, Itron general manager, Australia.