LIBERTY LAKE, Wash. — December 20, 2011 — Itron, Inc. (NASDAQ: ITRI) announced today that Eléctrica de Guayaquil, a state-owned electric utility in Guayaquil, Ecuador, completed the installation of Latin America’s first meter-to-cash smart metering system, which utilizes Itron’s technology. The communication system is actively collecting meter data and feeding Itron’s meter data management (MDM) system installed by the utility through a robust, two-way wireless communications network.
With Itron’s smart grid solution installed, Eléctrica de Guayaquil can reduce and control both technical and non-technical energy losses using more precise tamper proof meters with accurate measurement and sensing capabilities for Guayaquil’s many commercial and industrial customers. The solution also improves operational processes and efficiency.
“With a complete smart grid system inclusive of a network and meter data management system now in place, we can realize the full potential of its benefits, including system efficiency and loss management,” said Diego Sánchez - Commercial Manager. “Itron has been a great and reliable partner throughout the process, quickly and seamlessly installing the overall solution with the utmost professionalism.”
The solution also enables Eléctrica de Guayaquil to take advantage of future capabilities and applications, including theft analytics. The system, which leverages the same proven technology platform being implemented at scale in smart grid deployments in North America, can be expanded in the future to realize the full potential of the smart grid.
“The deployment in Guayaquil is a great example of Itron’s ability to tailor and deliver global technologies to meet local requirements,” said Mark deVere-White, senior vice president of Itron Energy Group in North America and Latin America. “Itron’s smart metering solutions are very well suited and can be readily deployed by utilities in Latin America to address their specific business objectives.”