Press Release

Itron Completes Next Phase of Iberdrola's Smart Metering Program

Successful delivery of data collection system is a continuation of Itron's collaboration with Iberdrola to support the development of the smart grid in Spain

LIBERTY LAKE, Wash.—July 16, 2013—Itron, Inc. (NASDAQ: ITRI) announced today that it completed the delivery of its meter data collection system, a key component of Iberdrola's smart metering program. The project began with Iberdrola, Spain's premier energy group and one of the world's largest electricity utilities, in 2010. Together, Itron and Iberdrola have successfully reached this project milestone as part of the development and implementation of the broader advanced metering management (AMM) system for 2 million meters.

Iberdrola's smart meter program is focused on developing a new open and interoperable solution based on the PRIME* telecommunications protocol. Itron's solution not only supports smart metering functionalities but also enables progress toward the smart grid. Currently, Iberdrola is reading more than 1 million PRIME Meters per day and expects to reach the deployment and management of 2 million meters by the first quarter of 2014.

Itron's solution offers a flexible and robust data infrastructure that allows Iberdrola to optimize network management, reduce operational costs and enhance its quality of service for the benefit of consumers. Development and implementation of the Iberdrola AMM system includes the upgrade of the previous software release as well as general and specific improvements of Itron's meter data collection software.

"This project is one of the most important smart metering initiatives in Europe and marks a significant step for Iberdrola toward the building of the smart grid," said Oscar Márquez, Itron general manager for Spain. "Itron is proud to accompany Iberdrola in the scale up of this project and looks forward to reaching further milestones with this rollout."

* PRIME (PoweRline Intelligent Metering Evolution) is focused on the development of a new open, public and non-proprietary telecom solution which will support not only smart metering functionalities but also the progress towards the Smart Grid.

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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