LIBERTY LAKE, WA — Sept. 27, 2007 —Itron Inc. (NASDAQ: ITRI) announced today that it has signed a contract with the Trinidad & Tobago Electricity Commission (T&TEC) to deliver the largest and most comprehensive advanced metering system in that region of the world. The deployment is expected to fundamentally transform the way the utility conducts business and serves its customers, said Doug Staker, vice president of the Itron International Group.
Trinidad and Tobago is a twin island republic located in the southern Caribbean, just off the coast of Venezuela. Its electricity company, T&TEC, will install 400,000 high-powered, solid-state CENTRON® meters over 20 months as part of a fixed network system. T&TEC will be able to remotely read customers’ meters, thereby eliminating the need for access to private property by meter readers. Additionally, Itron’s technology will ensure that customers’ bills will be based strictly on accurate, actual reads rather than estimations. The system will also enable the utility to perform unscheduled on-demand reads and collect interval data to support “time-of-use” billings in the future.
Itron’s advanced metering system provides positive outage and restoration notification, which will improve outage management and service to T&TEC’s customers. The utility will receive immediate notification of interruptions to electricity service in any specific area to facilitate faster restoration. Additionally, T&TEC is implementing Itron’s Revenue Protection Suite, an analytic software tool that enables the utility to identify likely instances of meter tampering on a near real-time basis in order detect and deter energy theft.
“Trinidad and Tobago Electricity Commission wanted advanced functionality, such as outage notification, hourly meter reads and load profile data in order to better understand their distribution system,” said Staker. “Itron is able to provide all that capability in a turn-key solution, which includes the metering and communication equipment, application software, installation services and training of utility personnel. When fully installed, this system will deliver strong value to both the utility and its customers.”
About Itron Inc.
Itron Inc. is a leading technology provider to the global energy and water industries. Itron Inc. consists of Itron in North America and Actaris outside of North America. Our company is the world’s leading provider of metering, data collection and utility software solutions, with nearly 8,000 utilities worldwide relying on our technology to optimize the delivery and use of energy and water. Our products include electricity, gas and water meters; data collection and communication systems, including automated meter reading (AMR) and advanced metering infrastructure (AMI); meter data management and related software applications; project management, installation, and consulting services. To know more, start here: www.itron.com.
About Trinidad & Tobago Electricity Commission (TTEC)
The Trinidad & Tobago Electricity Commission, established in January, 1946, serves more than 384,000 domestic, commercial and industrial customers in five regional divisions with the responsibility to manage the supply of power and energy to all of the Republic of Trinidad & Tobago. T&TEC is primarily a transmission and distribution company, however it has a 51% equity interest in the larger generation company in the country.
For additional information, contact:
Deloris Duquette
Vice President, Investor Relations and Corporate Communications
(509) 891-3523
deloris.duquette@itron.com
Christina Kelly
Marketing/Communications Specialist
(509) 891-3268
christina.kelly@itron.com
