TMCnet News
Itron And Cisco Launch Smart Grid Platform(FinancialWire via COMTEX) -- January 17, 2012 (FinancialWire) -- Energy and water resource management solutions provider Itron Inc. (NASDAQ: ITRI) announced that it has combined with Internet protocol-based networking company Cisco Systems (NASDAQ: CSCO) to bring a "next-generation smart grid platform" to market. Itron characterized the development as "delivering on the companies' vision to create a secure, scalable and multi-service IPv6-based communications architecture." This next-generation platform will help utilities accelerate adoption and simplify deployment of smart grid solutions, reduce the total cost of ownership of these systems, and bring innovation for smart grid applications and technologies in the marketplace, according to Itron. Itron Inc. (approx. market cap US$ 1.5 bil.) provides products and services for the energy and water markets worldwide. The company was founded in 1977 and is headquartered in Liberty Lake, Washington. Cisco Systems (NASDAQ: CSCO) (approx. market cap US$ 103.8 bil.) designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology industry worldwide. The company was founded in 1984 and is headquartered in San Jose, California. ========= INDEPENDENT EQUITY RESEARCH for companies mentioned in the news is available through the Investrend Research Syndicate (at http://www.investrend.com/research/resources/). Free official ANNUAL REPORTS and COMPANY FILINGS for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). OFFICIAL FILINGS for companies mentioned in the news are accessible via the SEC website (at http://www.sec.gov/edgar/searchedgar/companysearch.html) and/or via the SEDAR database at http://www.sedar.com/). ========= FINANCIALWIRE(tm) is not a press release service, and receives no compensation from subject companies, associated entities or individuals for its news, opinions or distributions. Contact FinancialWire(tm) directly via the FinancialWire(tm) website (at http://www.financialwire.net/contact/). Copyright (C) MMXII, FinancialWire(tm); All rights reserved. ========= Stocks: Itron Inc. (NASDAQ: ITRI) / Cisco Systems (NASDAQ: CSCO) ========= http://www.financialwire.net |