Itron, Inc. (NASDAQ:ITRI), a global technology company that helps
utilities measure, monitor and manage energy and water, and PrimeStone,
a leading smart grid solutions company, announced today that they have
executed a non-exclusive agreement to jointly promote and sell their
energy solutions to utilities in Latin America. The collaboration is
dedicated to delivering a wide range of smart metering and smart grid
benefits to utilities and end customers including reliable service
delivery and energy conservation.
"We're constantly seeking ways to provide customers with a variety of
technology choices to address their unique business requirements. Our
agreement with PrimeStone clearly brings more options to the
marketplace," said Gadner Vieira, general manager of Itron's Energy
Group in Latin America. "This alliance presents an excellent opportunity
for both companies to accelerate the adoption of smart metering to help
utilities manage energy distribution and serve their customers."
With this collaboration, both companies will offer Itron's
industry-leading smart grid solution, which enables utilities to meet
business challenges they are facing, such as increasing demand, aging
infrastructure and improving service while keeping costs down. Itron's
technology provides the foundation for customer-focused programs that
give consumers greater control of their energy us and costs. It also
provides a platform for secure, reliable data collection and two-way
communications between the utility and its customers, and includes
robust revenue protection tools.
In addition, PrimeStone's PrimeRead Energy Suite for residential and
commercial and industrial meters will become part of the expanded
product portfolio and integrated with Itron's solution. Within the
suite, utilities can take advantage of PrimeRead's Data Collection
Engine, which provides a validation, estimating and editing engine to
process the data. A robust reporting tool for posting user-defined
reports for scheduled report generation and delivery is also included.
In conjunction with PrimeGuard and PrimeGrid, utilities will have
complete revenue protection against theft and undetected losses.
"Utilities are entering a new age; they need to reach higher efficiency
in terms of distribution, loss reduction, engagement with their clients
and demand response. As a technology company, we like to team up with
our clients to understand their needs and work hard to deliver the best,
timely solutions possible. This alliance with Itron will allow both
sides to serve better and faster," said Javier Zarama, CEO of PrimeStone.
Itron is a global technology company. We build solutions that help
utilities measure, monitor and manage energy and water. Our broad
product portfolio includes electricity, gas, water and thermal energy
measurement and control technology; communications systems; software;
and professional services. With thousands of employees supporting nearly
8,000 utilities in more than 100 countries, Itron empowers utilities to
responsibly and efficiently manage energy and water resources. Join us
in creating a more resourceful world; start here: www.itron.com.
PrimeStone is a well-established software development company since 1990
that is focused on providing sophisticated Smart Grid applications and
solutions, for data collection, validation, management, control and
information exchange between meters and other devices for the power
industry. Our experienced staff is headquartered in Bogota, Colombia,
with satellite offices and authorized distributors located strategically
in many countries. Visit us at: www.primestone.com.
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