[April 24, 2014]

Itron to Participate in Major Japanese Smart Metering Deployment

Itron, Inc. (NASDAQ: ITRI), a world-leading technology and services company, announced today that the Mitsubishi Electric (News - Alert) Corporation (MELCO) will deploy Itron's industry-leading smart grid software, which manages millions of meters and grid devices globally, for a major smart metering project with Chubu Electric Power Company, the third largest electric utility in Japan. Itron's smart grid software will provide a critical function within the overall solution, securely collecting high-volumes of data to empower consumers to conserve energy and improve back-end utility processes.

Itron's flexible OpenWay Collection Engine software will be installed at Chubu Electric to securely collect and relay a high-volume of data from field routers and approximately 10 million smart meters and deliver that data to the utility's meter data management system. Itron's collection engine will facilitate customer conservation efforts in Japan.

"This unique deployment at Chubu Electric demonstrates te true flexibility and interoperability of Itron's OpenWay platform, which can adapt to meet various utility needs and deployment configurations. We are pleased to collaborate with the Mitsubishi Electric Corporation to bring a complete smart metering solution to Japan," said Alan White, Itron vice president of sales, marketing and delivery for Electricity in the Asia-Pacific. "With proven experience in managing nearly 14 million endpoints every day, our smart grid software will effectively and securely manage high-volumes of data at Chubu Electric Power Company, assisting with its energy conservation efforts."

"MELCO chose to collaborate with Itron based on the proven scalability and maturity of its systems," said Yukitoki Tsukamoto, Deputy General Manager and Project Manager for this project. "We look forward to working with an industry-leading company with the experience to deliver smart metering benefits at scale to Chubu Electric Power Company."

About Itron

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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