Itron Spins Off Distribution Design Solutions to GeoSpatial Innovations

LIBERTY LAKE, Wash. and AUSTIN, Texas—May 13, 2015—Itron, Inc. (NASDAQ: ITRI), a world-leading technology and services company dedicated to the resourceful use of energy and water, announced today the sale of its distribution design solutions to GeoSpatial Innovations, Inc., provider ofcloud and mobile software to electric and natural gas utilities. The divesture allows Itron to focus on core markets and invest in new growth opportunities, while enabling GeoSpatial Innovations to expand its distribution design portfolio.

Itron's distribution design solutions, which will be acquired by GeoSpatial Innovations, include Distribution Design Studio (DDS), Distribution Staker, LD-Pro, LD-Field and LD StructureCalc. The distribution design software and services allow utilities to improve efficiency and costs related to extending their overhead and underground infrastructure as their service territories and customer bases grow. GeoSpatial Innovations' GSI Designer tool, which is used for designing GPS-based overhead or underground electric lines in the field, is among the modules within DDS.

"GeoSpatial Innovations and Itron have worked together for over a decade now, helping utilities create cost-effective, state-of-the-art design environments," said Carl Livingood, president and founder of GeoSpatial Innovations. "We are excited that this experienced group of engineers and software developers are joining our team. Combining the resources and expertise of these two veteran teams presents a huge opportunity to improve on the already robust DDS offering and dramatically increase the level of support that we will be able offer our customers."

"This is a win-win situation for both GeoSpatial Innovations and Itron. GeoSpatial Innovations is in a great position to take our distribution design solutions to the next level," said Jeff Carkhuff, vice president of global solutions marketing for electricity at Itron. "This divesture gives Itron the opportunity to increase our focus on growth opportunities in analytics and managed services so we can help our customers better manage energy and water resources."

In order to ensure continuity of service, GeoSpatial Innovations will open a Liberty Lake office and Itron's distribution design employees will be transferred to the company.

About GeoSpatial Innovations, Inc.:
GeoSpatial Innovations, Inc. (GSI) is a private, woman-owned software company headquartered in Austin, Texas. For more than 15 years, GSI has delivered innovative field software and advanced GPS technologies to electric and natural gas utilities throughout North America. For more information, visit our website: www.gsiworks.com.