#Itron, Inc. (NASDAQ: $ITRI): Frost & Sullivan Honors CenterPoint Energy and NMB #Water With Excellence in Resourcefulness Awards at Itron Utility Week

Utilities recognized for commitment to resourcefulness and reducing energy and water waste

Category: Investment, Water


LIBERTY LAKE, Wash. - October 17, 2016 (www.waternewswire.com) Itron, Inc. (NASDAQ:ITRI), a world-leading technology and services company dedicated to the resourceful use of energy and water, announced today that CenterPoint Energy, an electric utility company in Houston, and NMB Water (formerly City of North Miami Beach Public Utilities) have been recognized with Frost & Sullivan's Excellence in Resourcefulness Awards during Itron Utility Week in Orlando, Florida. The Excellence in Resourcefulness Awards honor utilities that have demonstrated their commitment and ability to significantly reduce wasted energy and water based on a recent and successful technology implementation.

CenterPoint Energy was recognized in the energy category for its early adoption of smart grid technology and impressive results conserving energy and reducing costs in its operations. Since 2009, CenterPoint Energy has conserved over 1.6 million gallons of gasoline, avoided 14,000 metric tons of CO2 emissions and avoided vehicle trips through more than 16 million automated customer service orders. It has also saved over $107 million in operations and maintenance through prevented loss from electricity theft and reduced meter reading, fleet and equipment costs.

NMB Water, which serves 170,000 residents in Northern Miami-Dade County in Florida, was recognized in the water category for focus on conservation through the use of advanced metering infrastructure (AMI) and leak detection technology. The utility recently completed the installation of its AMI solution with Itron. Its primary objective is to address growing concerns around leakage and to better manage delivery of water resources. With the leak sensing technology deployed in the field, the utility is able to significantly reduce the time required to complete a leak detection survey.

"These two utilities have clearly demonstrated their commitment to the resourceful use of energy and water. CenterPoint Energy's significant results in reducing vehicle trips and thus lowering CO2 emissions made it the clear winner in the energy category. NMB Water has a strong vision to reduce water loss and is well on its way to making this vision a reality using AMI and leak detection technology," said Farah Saaed, principal consultant at Frost & Sullivan.

As a part of the selection process, Frost & Sullivan conducted in-depth research and interviews, and evaluated utilities against industry best practices and the decision criteria, including societal impact and business impact, for each category. Indicators for societal impact included improving customer awareness and participation; enabling behavioral change to reduce waste through customer engagement and technology driven programs; and yielding impressive waste reduction results that benefit the overall served community. Indicators for business impact included drafting a clear vision to address excessive waste through technology implementation; achieving operational effectiveness as a result of successful strategy for sustainability; and strengthening a utility's brand image as a leader for sustainability.

About Itron

Itron is a world-leading technology and services company dedicated to the resourceful use of energy and water. We provide comprehensive solutions that measure, manage and analyze energy and water. Our broad product portfolio includes electricity, gas, water and thermal energy measurement devices and control technology; communications systems; software; as well as managed and consulting services. With thousands of employees supporting nearly 8,000 customers in more than 100 countries, Itron applies knowledge and technology to better manage energy and water resources. Together, we can create a more resourceful world. Join us: www.itron.com.

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.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion

Contacts

Itron, Inc.
Sharelynn Moore, 509-891-3524
Vice President, Global Marketing and Public Affairs
sharelynn.moore@itron.com

Frost & Sullivan
Jaylon Brinkley, 210-247-2481

Corporate Communications – North America
jaylon.brinkley@frost.com

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