Itron Reaches Industry Milestone, Ships 50 Millionth Gas Communication Module

CenterPoint Energy receives Itron's gas metering technology

LIBERTY LAKE, Wash. — Sept. 18, 2014 — Itron, Inc. (NASDAQ: ITRI) announced today that it reached a significant milestone and industry first, shipping its 50 millionth gas communication module in North America. CenterPoint Energy, Inc.'s natural gas distribution business received the communication module, which is an important part of the utility's automated meter reading deployment.

Itron's advanced gas metering solution enables CenterPoint Energy to remotely collect up to 10,000 meter readings per day per vehicle with mobile data collection. This platform has also positioned CenterPoint to be able to migrate to an advanced metering infrastructure (AMI) network should their operational needs and customer expectations grow over time.

CenterPoint Energy's history with Itron dates back to 1986 when the first gas communication module was developed by Enscan, which was owned by one of CenterPoint's predecessor companies. Enscan was acquired by Itron in 1992.

"The communications module was originally designed to solve the problem of reading indoor gas meters in Minnesota. We are delighted that this has come full circle and we're receiving Itron's 50 millionth gas communication module," said Joe McGoldrick, executive vice president and president of Gas Operations at CenterPoint Energy.

To date, CenterPoint Energy has installed 2.7 million of 3.3 million gas communications modules across its six-state service territory, including Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas. The deployment is expected to be complete in 2015. The solution provides CenterPoint Energy with more accurate meter readings and enhances customer satisfaction because there is no need to access customers' premises.

"Itron is proud to celebrate this significant milestone with CenterPoint Energy," said Carl Porter, vice president of sales, marketing and delivery for Gas North America at Itron. "For years, we have led the industry in gas module accuracy, reliability, battery life longevity and safety. Our gas modules have always been designed to meet the industry's most stringent intrinsic safety requirements. Itron strives to meet the needs of our customers, delivering products and solutions to help them better manage gas resources."

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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.

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