Press Release

Itron and Manas Team Up to Deploy Innovative Ultrasonic Heat Meters in Turkey

Itron's industry-leading metering technology will support Turkey's booming construction sector

LIBERTY LAKE, Wash.—December 3, 2012—Itron, Inc. (NASDAQ: ITRI), a global technology company that helps utilities measure, manage and analyze water and energy, and Manas, a leading technology integrator, announced today that they will install 15,000 Itron UltraMaxx ultrasonic heat meters in Istanbul and Ankara over a 12-month period. Meter deployment is currently underway and is managed by Manas.

Based on the national regulation for equitably allocating heating costs, the Turkish market is rapidly expanding to support metering for new construction and existing buildings. To meet the demand for accurate measurement technology, Itron and Manas are collaborating with local builders to distribute high-end heat meters and bring innovative solutions to the country. Their joint effort is paving the way for increased usage awareness in multifamily dwellings and offices.

"Turkish customers are looking for metering products they can rely on," said Karim Bennini, regional sales manager for Itron's Water Group. "Itron is a leading producer of heat meters in Germany, and we naturally decided to bring our latest generation of ultrasonic heat meters with the highest level of accuracy to Turkey. With the meter's capsule system, local builders can now install them at reduced cost and without risk of damage during the construction phase."

As part of the cooperation between the two companies, Manas integrates the meters with pre-payment modules and advanced data collection systems, which are based on M-Bus or radio networks. The complete solution can adapt to meet the needs of all types of construction projects.

"Our work with Itron has led to a number of successful meter deployments in this country," said Ahmet Resat Gorur, chairman of Manas. "With our local expertise, we're uniquely positioned to equip the builders in Turkey with Itron's advanced heat meters."

About Manas
Since1996, Manas Energy Management Inc. has developed products and solutions based on smart meters systems for the energy and water sectors and became an innovator in the sector. Being the sole authorized distributor of Itron since 2000, MANAS applies technologies such as AMR-AMI, RF, GPRS and NFC with success to the meters and exports especially to Middle East, African and Eastern Europe Countries. Manas employs 180 people and has 8 branch offices to manage approximately 2,000,000 meter points.

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:

Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.


Alison Mallahan

Senior Manager, Corporate Communications

(509) 891-3802


David Means

Director, Investor Relations

(737) 242-8448