Itron, Inc. (NASDAQ:ITRI) announced today that CLP Power Hong Kong Ltd (CLP Power) selected Itron’s smart grid solution for its 4,500 advanced meter pilot project. Under the recently signed agreement, Itron will provide a comprehensive solution that includes Itron smart meters, data collection software, meter data management software, Itron Cellular Solutions and Cisco’s Connected Grid Routers (CGRs), as well as Connected Grid Network Management System (CG-NMS).
“I’m confident that the architecture from Itron and Cisco will provide a flexible platform for CLP Power’s future initiatives,” said Alan White, vice president of Itron Energy Group, Asia Pacific. “We’re looking forward to helping CLP Power achieve its goals and vision for smart energy delivery.”
The pilot system will demonstrate the full spectrum of advanced capabilities using Itron’s single and three-phase meters that will be deployed under the smart grid network architecture.
“CLP Power has an outstanding record as a world-class provider of reliable power and customer service,” said Lionel Chocron, general manager, Cisco Connected Energy Networks business unit. “Cisco is proud to be part of this innovative pilot and looks forward to helping them demonstrate the value of the network.”About Itron Itron is a global technology company. We build solutions that help utilities measure, monitor and manage energy and water. Our broad product portfolio includes electricity, gas, water and thermal energy measurement and control technology; communications systems; software; and professional services. With thousands of employees supporting nearly 8,000 utilities in more than 100 countries, Itron empowers utilities to responsibly and efficiently manage energy and water resources. Join us in creating a more resourceful world; start here: www.itron.com. About Cisco Cisco, the worldwide leader in networking, is helping the energy industry modernize the electrical grid from generation to distribution to consumption - with highly secure, reliable and scalable communications solutions. The Cisco Connected Grid solutions include: Transmission and Substation, Field Area Network, Grid Security, Data Center and Grid Operations. To learn more, please visit www.cisco.com/go/utilities. About CLP Power Hong Kong CLP Power Hong Kong Limited (“CLP Power”) is the Hong Kong utility subsidiary wholly owned by CLP Holdings Limited, a company listed on the Hong Kong Stock Exchange and one of the largest investor-owned power businesses in Asia. CLP Power operates a vertically integrated electricity supply business in Hong Kong, and provides a highly reliable supply of electricity and excellent customer services to 5.7 million people in its supply area.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV