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Itron Celebrates the Inauguration of its New Factory in India
Water Meters for Modernized Distribution Network to be Produced at Uttarakhand State Facility
DEHRADUN, Uttarakand—April 13, 2011—Itron Inc. (NASDAQ: ITRI) announced today the inauguration of a new factory in Dehradun, Uttarakand State, India. The Dehradun factory will be used to assemble and test both residential and commercial and industrial (C&I) water meters, and will help strengthen Itron's presence in the region.
The new facility stretches out over an area of 1,600 square meters and will initially employ more than 40 people locally.
The inauguration of the Dehradun facility follows two major contracts awarded to Itron in the country. In 2010, Itron was awarded the first-ever advanced metering water contract in India by the Municipal Corporation of Greater Mumbai (MCGM). This contract encompasses the delivery of a complete remote meter reading system, including 150,000 advanced water meters. In the city of Navi Mumbai (NMMC), Itron is upgrading 46,500 of the city's water meters with its EverBlu™ advanced metering solution. Itron's new factory will assemble a large part of the water meters included in both of these contracts.
Marcel Regnier, Itron president and COO—Water, said,"Itron is proud to contribute to improved water efficiency and management as India modernizes its water distribution network.Our new Dehradun factory demonstrates Itron's dedication to invest in regions where demand is growing in order to meet water resource challenges."
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.