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 And Tantalus Expand Offering Into South America With Project In Guyana

Itron, Inc. (NASDAQ:ITRI), a global technology company that helps utilities measure, manage and analyze energy and water, and Tantalus, a leading provider of Smart Grid communications, today announced they have been selected for an initial deployment of smart meters and AMI infrastructure for South American utility Guyana Power and Light (GP&L). This project will be a part of the Sustainable Operations of the Energy Sector and Improve Quality of Service (GY-L1037) program which is financed by the Government of Guyana through a loan from the Inter-American Development Bank and GP&L. The National Procurement and Tender Administration Board (NPTAB) of Guyana, through competitive bidding, selected Tantalus and Itron to supply electricity meters and complementing communications infrastructure based on the technical advantages and competitive value of the joint solution.

“As part of a competitive process, we found that the Tantalus/Itron partnership offered us the best overall package that provided us with a reliable, future-proof, cost-effective path to smart metering and other applications,” said Kumar Sharma, Divisional Director for Guyana Power and Light. “We look forward to getting this project underway as we continue to increase the efficiency and functionality of our electricity grid over the coming years.”

Guyana’s deployment is the first international joint project between Tantalus and Itron since the two companies announced an alliance in late 2011. The strategic alliance combines Itron’s SENTINEL® and CENTRON® electricity meters as well as its electric, gas and water ERT modules with Tantalus’ comprehensive communications network, TUNet®, the Tantalus Utility Network, to reach public power utilities in North and South America. Uniting the capabilities of TUNet with Itron’s electricity meters has allowed the companies to offer a joint solution that accommodates smart metering, demand response and distribution automation for international markets such as Guyana.

“We’ve been strategic in our expansion into international markets that recognize the full range of possibilities that can be achieved from robust two-way communications networks and smart metering,” said Tantalus CEO Eric Murray. “Guyana Light and Power is leading the way in smart grid technology by building a network that anticipates the needs of tomorrow’s grid.”

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

DOW 17,683.58 -46.53 -0.26%
S&P 500 2,068.76 -8.02 -0.39%
NASDAQ 4,991.94 -17.2740 -0.34%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs