Press Release

Itron and Tantalus to Deliver Cutting-Edge Smart Meter and Communications Solution for Cooperative, Public Power and Municipal Markets

Itron metering and data collection technology to integrate with Tantalus communications technology, bringing advanced automation to the public utilities marketplace

LIBERTY LAKE, Wash., and RALEIGH, NC,—September 15, 2011—Itron, Inc. (NASDAQ: ITRI) and Tantalus Systems Corp. announced today a strategic partnership dedicated to delivering a wide range of smart metering and smart grid benefits to electric and multi-service public utilities. The commitment ensures that public utilities across North and Central America will be able to provide increased levels of customer service, greater service reliability, improved efficiency and access to usage information that smart metering delivers.

The collaboration will combine Itron's industry-leading SENTINEL® and CENTRON™ electricity meters as well as its gas and water ERT modules together with Tantalus' comprehensive communications network, TUNet®, for a solution that is tailored specifically to the cooperative and public utility markets. Uniting TUNet with Itron's electricity meters will allow the companies to offer a solution that accommodates smart metering, demand response and distribution automation for these markets, which includes nearly 40 million electricity meters. Coupling the capabilities of Itron's advanced gas and water modules into this flexible communications platform will address the unique needs of combination utilities, which includes up to 20 million gas and water meters in this space, and it provides customers a cost-effective path to smart metering while utilizing previously deployed Itron ERT modules. Itron is a market leader in installed advanced data collection systems with over 90 million endpoints deployed by utilities.

"Our combined solution delivers on the promise that all utility companies should be able to leverage their current installed base of equipment to deliver the benefits of smart grid to all customers," stated Philip Mezey, Itron president and COO, Energy. "We are excited about joining our technology with the infrastructure Tantalus has developed for a complete, integrated solution for our cooperative and public utility customers. Tantalus' growing success in this market space is a real advantage for Itron."

"Combining Itron's industry leadership and experience with our technology will unlock new possibilities for utilities. Together, we will leverage existing and future electric, gas and water metering endpoints to help public utilities make their grids smarter," said Eric Murray, Tantalus president and CEO. "This partnership also allows us to share the benefits of Itron's sales experience and distributor network, both of which are truly world-class."

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:

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