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Corsica Utility to Support Its Conservation Goals With Itron’s Smart Water Solution

Itron (NASDAQ: ITRI) will supply the Office d'Equipement Hydraulique de Corse (OEHC) with 10,000 Intelis wSource ultrasonic smart water meters, upgrading outdated mechanical devices across Corsica.

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Itron (NASDAQ: ITRI) will supply the Office d'Equipement Hydraulique de Corse (OEHC) with 10,000 Intelis wSource ultrasonic smart water meters, upgrading outdated mechanical devices across Corsica.

The project aims to improve billing accuracy, enable remote meter reading and support OEHC’s goal to save 5 million cubic meters of water per year by 2035.

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Positive

  • Deployment of 10,000 Intelis wSource ultrasonic meters with OEHC in Corsica
  • Supports OEHC target to save 5 million m³ of water per year by 2035
  • Enables remote meter reading, reducing manual data collection needs
  • Improved billing accuracy where only about 50% of delivered water was previously billed

Negative

  • None.
Argus Jun 2 session
-1.01% close to close Open Argus
Details

News Market Reaction – ITRI

In the Jun 2 session, ITRI declined 1.01%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights Itron’s growing role in smart water infrastructure, with OEHC in Corsic...
Analysis

This announcement highlights Itron’s growing role in smart water infrastructure, with OEHC in Corsica upgrading 10,000 meters and targeting savings of 5 million cubic meters of water annually by 2035. It follows other recent water and utility projects, reinforcing a theme of digital metering and conservation. Investors may watch how such deployments translate into backlog growth, revenue mix, and margin trends, alongside any further wins with utilities facing climate and resource constraints.

Key Figures

Water savings target: 5 million cubic meters per year Meter upgrade count: 10,000 meters Agriculture water share: 52% +5 more
Water savings target
5 million cubic meters per year
OEHC goal by 2035
Meter upgrade count
10,000 meters
Existing mechanical meters upgraded to Intelis wSource
Agriculture water share
52%
Share of abstracted water used for agriculture and amenities
Billable water share
50%
Approximate portion of delivered water billed to end customers
Pilot start year
2023
OEHC began piloting Itron ultrasonic water meters
Deployment completion target
2030
Goal to complete deployment of 10,000 meters
Total pipelines length
More than 3,000 kilometers
Water pipelines managed by OEHC
Irrigation pipelines
2,000 kilometers
Pipelines dedicated to crop irrigation and livestock watering

Historical Context

5 past events · Latest: May 27
5 events
  1. May 27

    Product integration launch

    24h Move
    +1.0%

    Launch of Locusview Connector for SAP S/4HANA to enhance utility workflows.

  2. May 26

    Water partnership expansion

    24h Move
    +1.7%

    Expanded collaboration with Hunter Water deploying 2,000 ultrasonic meters.

  3. May 18

    Water project completion

    24h Move
    -3.4%

    Completion of smart water project in Thane improving billing and leak detection.

  4. Apr 28

    Q1 2026 earnings

    24h Move
    +0.1%

    Mixed Q1 2026 results with higher margins and a $4.4B backlog.

  5. Apr 07

    Earnings call notice

    24h Move
    +3.4%

    Announcement of schedule for Q1 2026 results and conference call.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ultrasonic solid-state water meters, remote meter reading
2 terms
ultrasonic solid-state water meters technical
"upgrading 10,000 existing mechanical meters with Itron’s Intelis® wSource ultrasonic solid-state water meters"
Ultrasonic solid-state water meters are devices that measure water flow by sending and timing sound pulses through the liquid, using electronic sensors with no moving parts. Because they act like a digital speedometer for water, they offer high accuracy, lower maintenance and longer life than mechanical meters, and can provide remote readings and leak alerts—features that matter to investors because they can cut operating costs, improve billing accuracy and support data-driven utility upgrades.
remote meter reading technical
"With the deployment of Itron’s smart water solutions, OEHC will benefit from: Remote meter reading, enabling more efficient collection"
Remote meter reading is the use of digital sensors and communication networks to collect electricity, gas or water usage data without sending a person to read each meter. It matters to investors because it can lower operating costs, improve billing accuracy and reduce theft or loss—like switching from hand-counting mail to an automated scanner, it makes revenue more reliable and helps utilities scale and respond faster to demand changes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Mediterranean Utility Deploys Itron Technology to Improve the Accuracy and Reliability of Water Consumption Data

LIBERTY LAKE, Wash., June 02, 2026 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced that it is working with the Office d'Equipement Hydraulique de Corse (OEHC) to support its efforts to preserve water resources and save 5 million cubic meters of water per year by 2035. OEHC is a public industrial and commercial entity responsible for water management across Corsica, France, an island in the Mediterranean Sea. The collaboration includes upgrading 10,000 existing mechanical meters with Itron’s Intelis® wSource ultrasonic solid-state water meters to improve the accuracy and reliability of water consumption data collected.

In a territory particularly exposed to the effects of climate disruption—where 52% of abstracted water is used for agricultural and amenity purposes—preserving water resources represents a major challenge. OEHC determined that while water was being delivered through its water network, the utility was only able to bill for about 50 percent of the water used by end customers. This gap was driven by outdated mechanical meters that limited accurate measurement of water consumption, resulting in inaccurate billing.

2023 marked a turning point for OEHC, as it began piloting Itron’s ultrasonic water meters to gain better visibility into actual water use. Following a successful pilot, OEHC is now moving forward with the deployment of 10,000 Itron Intelis wSource ultrasonic solid-state water meters, with the goal of completing deployment by 2030.

With the deployment of Itron’s smart water solutions, OEHC will benefit from:

  1. Remote meter reading, enabling more efficient collection of water consumption data
  2. MID-certified metrology, providing a trusted foundation for accurate, billing grade measurement
  3. Datadriven insights to support longterm water resource preservation, helping OEHC to determine how much water to allocate towards agriculture and other water needs
  4. Accurate billing based on verified usage, helping to improve customer satisfaction

“On an island, responsibly managing water resources is especially crucial due to limited supply and the heightened impact of environmental challenges,” said Henri Politi, Head of Operations at OEHC. “With more than 3,000 kilometers of water pipelines, including 2,000 kilometers dedicated to crop irrigation and livestock watering, we needed a metering solution that could support both end users and the demands of our irrigation network. After deciding to modernize our meter fleet, we selected Itron’s ultrasonic solid-state water meters because they fully met our requirements for reliability and accuracy. The consumption data provided by these meters will enable us to significantly improve how we operate and manage our water networks.”

“Accurate, reliable metering is essential to managing water operations, especially in regions where agriculture plays a critical role,” said Justin Patrick, senior vice president of Device Solutions at Itron. “Across Europe, including Greece, Tuscany and Sardinia — another island in the Mediterranean — utilities are increasingly deploying ultrasonic smart water meters to solve their challenges. These meters are built to withstand harsh environmental conditions while providing accurate consumption data, supporting remote meter reading and enabling utilities and cities to better manage their water networks.”

About Itron

Itron is transforming how the world manages energy, water and city services. Our trusted intelligent infrastructure solutions help utilities and cities improve efficiency, build resilience and deliver safe, reliable and affordable service. With edge intelligence, we connect people, data insights and devices so communities can better manage the essential resources they rely on to live and thrive. Join us as we create a more resourceful world: www.itron.com.

Itron®, the Itron Logo, and Intelis are registered trademarks of Itron, Inc. in the United States and other countries and regions. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

For additional information, contact:

Itron, Inc.

Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
PR@Itron.com

Paul Vincent
Vice President, Investor Relations
512-560-1172
Investors@itron.com

Itron, Inc.


FAQ

What did Itron (NASDAQ: ITRI) announce about its smart water deployment in Corsica on June 2, 2026?

Itron announced a deployment of 10,000 Intelis wSource ultrasonic water meters with OEHC in Corsica. According to Itron, the upgrade replaces mechanical meters to improve measurement accuracy, billing reliability and operational visibility for the island’s water networks.

How will Itron’s smart water meters help OEHC achieve its 2035 water conservation goals?

Itron’s meters are intended to support OEHC’s goal to save 5 million cubic meters of water per year by 2035. According to Itron, accurate metering, remote reading and data insights can reduce non-billed consumption and inform better allocation of water for agriculture and other uses.

Why is OEHC replacing mechanical meters with Itron’s Intelis wSource ultrasonic meters?

OEHC is replacing mechanical meters because it could bill for only about 50% of water delivered. According to Itron, Intelis wSource meters provide MID‑certified metrology, higher accuracy and reliable consumption data to improve billing and network management across Corsica.

What operational benefits does Itron claim its smart water solution brings to OEHC’s irrigation network?

The solution is expected to improve data collection and support irrigation network management. According to Itron, remote meter reading and accurate consumption data help OEHC manage more than 3,000 kilometers of pipelines and better balance water for crops, livestock and other users.

When will the 10,000 Itron smart water meters be deployed for OEHC in Corsica?

OEHC plans to complete deployment of the 10,000 Itron Intelis wSource meters by 2030. According to Itron, the rollout follows a 2023 pilot that tested ultrasonic smart meters to gain better visibility into actual water use on the Mediterranean island.

How does Itron’s Corsica project reflect broader adoption of ultrasonic smart water meters in Europe?

Itron indicates the Corsica deployment aligns with wider European adoption of ultrasonic smart meters. According to Itron, utilities in regions like Greece, Tuscany and Sardinia are also deploying such meters to obtain accurate consumption data and improve water network management.

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