All meters supplied under both contracts are manufactured in Itron's water meter factory in Dehradun, India.About Itron Itron is a global technology company. We build solutions that help utilities measure, manage and analyze 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.
Itron, Inc. (NASDAQ: ITRI) announced today that it is helping address water conservation and efficiency efforts in India by delivering advanced automation technology. Itron has been selected by Larsen & Turbo, the largest construction company in India, to provide an advanced metering solution to the Delhi Jal Board (DJB). The solution includes 120,000 advanced automated meters, 40,000 standard meters, mobile collection equipment and software, which will be used to collect, measure and analyze water usage. With 120,000 advanced meters deployed in New Delhi, the project will be India's largest mobile advanced metering system when completed. DJB produces and supplies water within the National Capital Territory of Delhi in India. Accurately measuring water consumption has become an important priority for DJB as the population in its service territory constantly grows. Itron's solution enables DJB to efficiently collect information and process bills for water usage. Itron was selected after a six-month pilot in collaboration with Larsen & Turbo. In 2011, Itron was also selected by Larsen & Turbo to supply DJB with 300,000 residential water meters. The new project will be DJB's first domestic metering automation project in New Delhi and is expected to be completed in March 2014. "We are proud to work with Larsen & Turbo to provide a solution for DJB's metering automation project," said Pawan Mathur, director, Water & Heat, for Itron in India. "Following the success of the recent Itron pilot with DJB, we are confident that our solution will allow DJB to conserve water and more effectively deliver water to the residents of New Delhi." Itron has also been awarded another contract by a leading Indian infrastructure development company, SPML, to provide 90,000 advanced meters to DJB in the Malviya Nagar, Vasant Vihar and Mehrauli areas of New Delhi. Through a consortium led by Suez Environment and SPML, the 12-year pilot project aims to improve water distribution and ensure continuity of service throughout the day, reduce water losses in the network and improve customer service. The project will provide residents with a continuous water supply—currently, they receive water for only three to eight hours per day. Itron's meters will replace all current meters in the district.