|
November 13, 2012
(FinancialWire) --
Water metering systems company
Itron Inc. (ITRI
- NASDAQ)
recently announced that the Los Angeles Department of Water and
Power (LADWP), the nation’s largest municipal utility, has
selected Itron and Cisco (CSCO
- NASDAQ)
technologies for its smart grid demonstration project.
The project, supported by U.S.
Department of Energy ARRA funding, will reportedly provide the
city with the ability to evaluate technology and program
benefits as part of its continuing grid modernization and
infrastructure improvements. LADWP will install up to 52,000
Itron smart electric meters and 20 smart water modules that will
operate over an integrated cellular and multi-application IPv6
communication network based on the Cisco GridBlocks architecture
using Cisco Connected Grid routers and Network Management
System, according to Itron company officials.
In partnership with Cisco Services,
LADWP will be able to deploy a secure, scalable communications
infrastructure, with installation scheduled to be complete by
fall 2013, noted Itron.
The project will reportedly allow
evaluation and development of increased energy efficiency and
grid reliability, improved water resource management, and new
programs and services for customers. In addition, it will create
a foundation for the integration of electric vehicles onto the
grid, said Itron.
“We look forward to working with
Itron, Cisco and other developers as part of our demonstration
project to prove the viability and evaluate the benefits of
smart grid and smart water technologies for both DWP and our
customers,” said Aram Benyamin, Senior Assistant General
Manager, Power System at LADWP.
“LADWP is a truly visionary utility
and we are excited to support their smart grid demonstration
project,” said Philip Mezey, president and COO of Itron Energy.
“With Itron’s smart grid solution, LADWP could have a technology
platform in place to manage the delivery and use of energy and
water resources and build a more sustainable future.”
Itron Inc. (approx market cap. US$ 1.5 bil.) provides metering
solutions, meter data management software and knowledge
application solutions to electric, natural gas and water
utilities worldwide. The company offers electricity, natural
gas, and water metering systems in three categories: standard,
advanced, and smart. The company was founded in 1977 and is
headquartered in Liberty Lake, Washington. Itron employs
approximately 9,600 people.
|
========= |
|
|
ITRI stock info:
Last quote at close: $38.77
Last close vs. 50-day moving avg.:
-7.2%
Last close vs. 200-day moving avg.:
-5.1%
Last close vs. 52-wk high: -23.0%
3-mo. avg. daily volume: 273,486
shares
Approx. avg. daily money volume: $11,420,775 |
|
|
|
