Itron Acquires C&N GasGate Technology to Enhance Smart Gas Distribution Systems

Wireless gas shut off valve dramatically improves operational efficiency and safety

LIBERTY LAKE, Wash.—January 4, 2011—Itron, Inc. (NASDAQ: ITRI) announced today it acquired C&N Engineering's GasGate™ technology to augment its gas solutions by adding remote gas shut-off capabilities to its product portfolio. This specialized shut-off valve can be used in conjunction with Itron's gas technology around the world to improve gas distribution reliability and safety. Whether the gas utility is using an Itron drive-by or network system, the wireless shut-off valve can be utilized to turn off gas remotely in emergency or potentially hazardous situations.

C&N Engineering, LLC is based in Pennsylvania and designs and manufactures the GasGate shut-off valve. Itron is working cooperatively with C&N engineers to install and test the product in the field with various gas distribution utilities. This flexible product can be used in both residential and commercial applications and is designed to take advantage of a variety of communication options to support Itron deployments globally. Initially, the product will be integrated with Itron's ERT-based communications for gas network and mobile system customers in North America.

"This innovative technology will help gas utilities remotely detect tampers and quickly respond to changes at the meter, ensuring that people and property are safe at all times," said Neil Doveala, C&N Engineering president. "In addition, it is designed to work with a variety of communication technologies and can be adapted to global markets, which further complements Itron's gas offering."

"We are pleased to add this technology to our gas portfolio. We've seen a growing demand for remote gas shut-off in the market place, and this product will meet our customers' gas safety and reliability needs," said Phil Holdbrooks, Itron director product marketing, Energy.

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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.