Itron Teams Up with Choice - Analyst Blog
May 20 2013 - 1:50PM
Zacks
Itron, Inc. (ITRI) has announced a strategic
alliance with a Brazilian technology company, Choice. The companies
will integrate and jointly market a non-technical loss (NTL)
solution to utilities around the world.
Itron’s comprehensive smart metering and data management solutions
in association with Choice’s Revenue Intelligence technology will
help the utilities to identify areas of NTL in their service
territory. The strategic alliance will provide the utilities with a
solution that more quickly and effectively identifies and recovers
electricity losses.
The joint solution’s primary focus will be Brazil and help
utilities in delivering a high return on investment. The solution
will optimize both the companies’ ability to create, collect,
measure, store and analyze meter information.
Recently, Itron declared the expansion of its gas product portfolio
with the release of a new residential gas meter, remote disconnect
shutoff valve and gas sensors for natural gas utilities. The new
products will make the utilities operational and address delivery
challenges, efficiencies and service reliability. The new gas
products are designed to meet the growing challenges faced by
utilities.
Itron, which belongs to the electrical equipment industry along
with Ametek Inc. (AME), Teradyne
Inc. (TER) and Agilent Technologies Inc.
(A), reported first-quarter 2013 adjusted earnings of 31 cents per
share, declining 66% year over year on lower revenues. Adjusted
earnings fell short of the Zacks Consensus Estimate of 46
cents.
Liberty Lake, Wash-based Itron Inc., along with its subsidiaries,
is one of the principal technology providers to the energy and
water industries worldwide. It produces electricity, gas, water,
and heat meters, data collection and utility software solutions
along with various other associated metering products for
residential, commercial and industrial, and transmission and
distribution customers.
Itron currently retains a short-term Zacks Rank #5 (Strong
Sell).
AGILENT TECH (A): Free Stock Analysis Report
AMETEK INC (AME): Free Stock Analysis Report
ITRON INC (ITRI): Free Stock Analysis Report
TERADYNE INC (TER): Free Stock Analysis Report
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