Itron Expands OpenWay Riva™ Ecosystem with Wasion Partnership
January 18 2017 - 8:45AM
Business Wire
OpenWay Riva-enabled Wasion meters to expand
customer choice and capabilities in global smart metering
markets
Itron, Inc. (NASDAQ: ITRI), a world-leading technology and
services company dedicated to the resourceful use of energy and
water, announced today that it partnered with Wasion Group, a
leading energy measurement instrument, system and service supplier
in China, to expand Itron’s OpenWay Riva ecosystem. The companies
will develop and deliver OpenWay Riva-enabled Wasion electricity
meters to expand customer choice and capabilities in markets
throughout the world.
Itron’s OpenWay Riva IoT solution provides distributed
intelligence and computing power in meters and grid devices,
enabling real-time analysis of data and peer-to-peer communication
among intelligent devices at the edge of the network. The
solution’s adaptive communications technology delivers
high-performance communications with assured connectivity using one
unified network and communication solution. The standards-based,
highly secure network can readily accept new devices from a growing
ecosystem of third-party technologies, now including the OpenWay
Riva-enabled Wasion meter.
With OpenWay Riva technology embedded in Wasion electricity
meters, utilities will have another choice of metering platform to
enable highly differentiated capabilities and value for their smart
metering projects. These capabilities include high-performance
communications with assured connectivity in all types of services
environments as well as data processing power in edge devices to
provide unprecedented grid awareness that extends to every service
delivery point. These capabilities enable OpenWay Riva-equipped
meters to deliver applications that provide significant
improvements in grid reliability, efficiency and safety, as well as
a powerful platform to deliver new services to customers.
Wasion Group is the leading supplier of high-end measurement
products in China and provides metering technology to utilities
throughout the world. The group is the only domestic professional
manufacturer that supplies various advanced energy measurement
products, systems and services, and covers energy production and
transmission & distribution demands.
“With this collaboration, Itron is expanding the OpenWay Riva
ecosystem by providing a range of new metering options for our
customers throughout the world. This collaboration further
validates the value and flexibility of our OpenWay Riva solution,
which allows meter manufacturers, technology partners, and service
providers to join the ecosystem and bring to market IoT solutions
for utilities and smart cities,” said Jeff Carkhuff, vice president
of global solutions marketing for electricity at Itron. “By taking
a platform and ecosystem approach to our OpenWay Riva solution,
we’re able to expand the business case benefits to our utility
customers substantially over the life of their systems.”
“By participating in Itron’s OpenWay Riva ecosystem, Wasion
Group has access to game-changing technology that makes our
electric meters even smarter. And our collaboration with Itron will
expand our already growing market presence to areas around the
world,” said Zheng Xiao Ping, president of Wasion Group. “We are
glad to join forces with Itron, a world-leader that delivers
technology and services, to limit waste and empower the resourceful
use of energy and water.”
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® and OpenWay® are registered trademarks 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 Wasion Group
Wasion Group is a leading energy measurement instrument, system
and service supplier in China. Listed on main board of Hong Kong
Stock Exchange in December 2005, it is the first professional group
in energy metering and energy-saving in China that listed outside
mainland China, and the first company in Hunan Province that listed
on main board outside mainland China. In 2015, its sales revenue
reached nearly 3 billion Yuan and it paid a total of over 350
million Yuan in taxes. Currently, its products are exported to more
than 20 countries and regions, and established friendly and
cooperative relations with more than 40 countries and regions.
Wasion’s product quality is widely recognized by users.
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version on businesswire.com: http://www.businesswire.com/news/home/20170118005320/en/
Itron, Inc.Sharelynn Moore, 509-891-3524Vice President,
Global Marketing and Public Affairssharelynn.moore@itron.com
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