February 26, 2014
Itron, Inc. (NASDAQ:ITRI), a world-leading technology and services company dedicated to the resourceful use of energy and water, announced that Gaz reseau Distribution France (GrDF), the main natural gas utility in France and 100 percent-owned subsidiary of GDF Suez, has selected Itron as a main supplier of Gazpar smart gas meters for its Smart Gas Meter project. The project will create smart metering excellence in France to benefit GrDF customers, improve operational efficiency and create jobs.
With this contract, Itron will supply up to 3.7 million smart gas meters with integrated radios between 2016 and 2022. The meters are an important part of GrDF's Smart Gas Meter project, which will allow 11 million GrDF residential and business customers to benefit from day-to-day consumption information and monthly invoicing of actual consumption instead of estimated reads. Consumers will be able to improve energy management with more frequent access to their usage information. Itron will supply smart gas meters that are reliable and robust, meeting the requirements outlined by GrDF.
'Itron is honored to be a part of such a significant smart metering project in France. As the largest smart gas deployment in the world, this project will be an example of excellence in smart metering and a model for future smart gas metering deployments around the world,' said Marcel Regnier, president of Itron's global gas business unit. 'Itron has a long history in France, and we are proud to provide these industry-leading smart gas meters to the largest natural gas provider in France. We look forward to helping GrDF and its customers better manage gas resources.'
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.
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