Itron Delivers Heat Cost Allocation Solution in Germany

LIBERTY LAKE, Wash. — June 3, 2014 — Itron, Inc. (NASDAQ: ITRI), a world-leading technology and services company, announced today that it is working with its longtime customer Kalorimeta (Kalo), provider of usage-based billing services for heat and water, to accurately and securely measure, manage and allocate heat energy costs to consumers in multi-housing dwellings. Serving one million apartments in Germany, Kalo is one of the leading companies for consumption-based invoicing for heat and water. The company is installing Itron's EquaScan heat cost allocation solution to bill apartment building residents based on their actual consumption.

With the solution, Kalo is improving service quality with efficient and reliable meter readings, and fast and accurate bills. The solution gives tenants visibility into individual energy usage, empowering them to foster more conscious heating habits to save money and conserve resources. The solution also gives end-users more privacy with remote data collection, eliminating the need for reading personnel to enter residents' apartments to collect reads.

In September 2013, Kalo began installing the solution, which consists of heat cost allocators and water meter communication modules as well as master radio units. As a part of the contract, Itron supports the implementation of the solution with technical support and training.

"We have worked closely and successfully with Itron in the area of water and heat metering for more than 20 years. We are confident that Itron's progressive heat cost allocation solution will help further improve our strong competitive position in the usage-based billing industry," said Juergen Luennemann, managing director at Kalo.

"We are proud of the strong relationship we have with Kalo. Itron is committed to developing solutions that meet our customers' needs and Kalo is a great example of this commitment," said Harald Joellenbeck, vice president of sales, marketing and delivery for heat and allocation solutions at Itron. "We look forward to continuing our collaboration with Kalo as we develop innovative solutions and diversify our portfolio to tackle any challenges ahead. Together, we will benefit from the new opportunities to come."