Press Release

CELPE Chooses Itron for Revenue Protection Services

LIBERTY LAKE, Wash. — January 28, 2009 — Itron Inc. (NASDAQ: ITRI) announced today that it has signed a contract with CELPE, the electrical utility located in Pernambuco, Brazil, for deployment of Revenue Protection Services. CELPE belongs to the Neo Energia Group, one of the main utility groups in Brazil, with more than 7.9 million customers.

The three-year contract will help CELPE identify non-technical losses for more than 2.8 million consumers in the state of Pernambuco whose territory covers 333,000 square kilometers.

Revenue Protection Services include field inspections, meter replacement in case of installation problems, and debt calculation and negotiation. Itron has a team of 300 employees in six regional offices including electricians, technicians, engineers and administrative staff who will deliver the quality services required in the contract.

"We have great expectations for this new contract and look forward to the introduction of new technologies and an improvement in our results," said José Cherem Pinto, CELPE's superintendent.

"By choosing Itron for its revenue protection services, CELPE joins a number of utilities that have discovered the financial, operational and customer service benefits of Itron's portfolio for revenue assurance that includes smart meters, centralized meter systems, prepayment, and round-the-clock Itron support and services," said Fernando Perches, president of Itron International, South America. "We look forward to working with CELPE and the Neo Energia Group to move forward with this offering, helping them to reduce non-technical losses and provide greater benefits to their clients and investors."

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:

PR Contact

Alison Mallahan

Senior Manager, Corporate Communications

(509) 891-3802