This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Itron Launches New Innovative Metering Solution For The Brazilian Market

Itron, Inc. (NASDAQ:ITRI) announced today the availability of OpenWay® AURUM, its newest product tailored to the Brazilian market. This product’s modular and flexible design combines Itron’s metering and communication technology with unique packaging to help utilities meet business objectives by lowering operational costs, improving service and protecting revenue. The Itron meter is housed in a secure box, which is mounted on a utility pole rather than on a house or business, reducing the possibility of meter tampering. In addition, AURUM takes advantage of Itron’s RF mesh network to provide a cost effective solution for advanced metering and smart metering initiatives.

AURUM offers utilities a solid platform on which to build an advanced metering infrastructure that will support their needs today while positioning them for future smart grid applications. This innovative product is capable of providing two-way communication between utilities and connected assets in the field, allowing for remote meter readings, control and monitoring of field components, power outage and restoration notifications, and remote service connection and disconnection. All of these features improve efficiency and provide cost savings.

“Itron is leveraging its technology and global smart grid expertise to bring a solid solution that meets the unique needs of Brazilian utilities,” said Gadner Vieira, general manager of Itron’s Energy Group in LAM.

Utilities in Brazil face challenges that significantly impact operating costs. According to the Brazilian regulator Agência Nacional de Energia Elétrica’s (ANEEL) website, distributors record high annual losses, both technical and non-technical. It is estimated that in Brazil, the losses in the electricity distribution network are responsible for about fifteen percent of the power purchased by distributors.

Vieira continued, “Utilities need sophisticated tools to address the tremendous amount of technical and non-technical losses each year. Itron’s new product, AURUM, is the technology that promises to become the principal solution for utilities to deal with these issues while increasing operational efficiency at the same time.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs