Itron Renews Contract with British Gas - Analyst Blog
May 22 2013 - 1:45PM
Zacks
Itron, Inc. (ITRI) has signed a five-year
contract with British Gas for comprehensive managed services. As
per the contract, Itron will share its expertise to serve more than
1.25 million customers of British Gas in the UK to support
electricity prepayment services.
According to the new deal, Itron will provide a B2B customer
support call center, prepayment vending transaction management,
meter data management, data reporting, technical support and
consulting services. It will also increase the level of efficiency,
quality of service and customer satisfaction facilitating modern
and smart metering standards.
Itron’s Managed Services offers electricity prepayment solution
which includes collection and processing of prepayment meter data
as well as issuing prepayment keys, providing tariff updates and
solution support to consumers. Moreover, Itron’s in-home vending
service enables customers to purchase and add credit to their meter
from their home rather than visiting a retail outlet.
British Gas has already entrusted Itron with its Managed Services.
The renewed contract will assist British Gas to continue delivering
market-leading solutions to its existing and new customers and help
it to remain focused on its core business operations.
Itron, which belongs to the electrical equipment industry along
with Ametek Inc. (AME), Teradyne
Inc. (TER) and Agilent Technologies Inc.
(A), recently entered into a strategic alliance with a Brazilian
technology company, Choice. Both the companies will integrate and
jointly market a non-technical loss (NTL) solution to utilities
around the world.
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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