Itron Installs ChoiceConnect - Analyst Blog
July 07 2011 - 7:00AM
Zacks
Itron Inc. (ITRI)
recently announced the completion of the installation of more than
150,000 Itron gas meter communication modules in Greater Houston
for a natural gas distribution subsidiary of CenterPoint
Energy Inc. (CNP). The project will include a total of 1.2
million communication modules and will be completed by 2013.
These meters can effectively do
away with the necessity of entering the premises of customers to
take the readings manually. These communication modules employ the
radio transmitting devices attached to the CenterPoint Energy’s
customers’ existing natural gas meters, enabling the collection of
readings once a month by a mobile meter reading device mounted to a
CenterPoint Energy vehicle.
According to Itron, CenterPoint is
an old and valued customer and Itron is looking forward to
conferring the benefits of smart metering upon its natural gas
customers. Setting up Itron’s ChoiceConnect 100G Datalogging ERT
gas modules will give CenterPoint Energy customers both greater
accuracy in meter reading and enhanced customer satisfaction.
The growing popularity of Itron’s
electric and gas meters is chiefly due to their automatic feature,
accuracy, efficiency and the convenience given to customers.
Besides, these meters simplify and make the entire process of
taking readings hassle-free.
Prior to this, Itron Inc. began
installing the first of 1 million 100 G Datalogging gas ERT modules
for Alberta based ATCO Gas. Itron’s ChoiceConnect metering solution
was used essentially to leverage the 100G modules and their proven
remote data collection technology to automate the meter reading
process in order to collect reliable monthly reads.
Besides, Itron along with Tropos
Networks was also chosen by Avista Corp. (AVA) and
DTE Energy Co. to develop Smart Grid solution in order to simplify
the energy distribution system and increase the accountability,
reliability and efficiency of the system. We currently have a Zacks
#4 Rank (short-term ‘Sell’ recommendation) on the stock.
Itron is a leading technology
provider to the global energy and water industries. It is the
world's leading supplier of intelligent metering, data collection
and utility software solutions with nearly 8,000 utilities
worldwide, relying on its technology to optimize the delivery and
use of energy and water. It competes with the likes of
General Electric Co. (GE) and Roper
Industries Inc. (ROP).
AVISTA CORP (AVA): Free Stock Analysis Report
CENTERPOINT EGY (CNP): Free Stock Analysis Report
GENL ELECTRIC (GE): Free Stock Analysis Report
ITRON INC (ITRI): Free Stock Analysis Report
ROPER INDS INC (ROP): Free Stock Analysis Report
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