Press Release

Itron Positioned for Ability to Execute in Leading Analyst Firm’s Meter Data Management Magic Quadrant Report

Company Delivers Innovative Meter Data Management Solutions on a Large Scale

LIBERTY LAKE, Wash. — December 21, 2010 — Itron Inc. (NASDAQ: ITRI) announced today that its Itron Enterprise Edition™ Meter Data Management (IEE MDM) solution has been recognized by Gartner, Inc., in its Magic Quadrant for Meter Data Management Products study, and Itron’s ability to execute garnered placement in the report. Ability to execute is determined primarily through a combination of factors such as product functionality and architecture, ability to scale, market share, as well as corporate viability and customer experience.

“We are honored to be recognized by Gartner,” said Julie Hance, vice president of software solutions for Itron North America. “As one of the original MDM vendors, Itron has been able to support a wide variety of business needs, enabling our customers with additional functionality as their needs evolved, resulting in a well-vetted, proven solution that serves a broad array of smart grid business cases and traditional utility needs.”

Gartner’s research, authored by Zarko Sumic and released on Dec. 10, 2010, was centered on the evaluation of 10 “top of mind” vendors who met the study’s inclusion criteria, which included data management, scalability and installed customer base requirements. The research focused on vendor and product capability assessments, as well as vendor positioning in the market.

IEE MDM, with its commanding global and domestic market share, is the industry-leading meter data management solution, with 55 utilities having selected MDM with plans to manage almost 48 million meters worldwide. IEE MDM is part of the IEE product line, which is a suite of products that manage and analyze meter data with applications that include data management, revenue protection, and customer energy management. Itron’s commitment to defining and implementing industry standards continually improves interoperability and ease-of-implementation of these solutions for customers over the long term.

Itron’s vision of smart metering and the smart grid extends beyond metering data collection solutions to analyzing data and converting it into actionable information to help utilities improve operations and create a sustainable future. This, coupled with Itron’s experience, corporate infrastructure and financial stability, enables the company to deliver unparalleled solutions to utilities across the globe.

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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Alison Mallahan

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(509) 891-3802