Itron Marks Significant Milestone of 50th Temetra Deployment in Australia

Rhea-AI Summary

Itron (NASDAQ: ITRI) has achieved its 50th deployment of the Temetra® solution in Australia with Aqwest, the water provider for Bunbury, Western Australia. The cloud-based meter data collection and management solution will enable Aqwest to manage existing mechanical meters while optimizing operations.

The deployment allows Aqwest to upgrade to digital meters at their own pace while collecting readings from both mechanical and smart meters through a single platform. Temetra will utilize existing communication protocols and Android devices to collect, record, and upload meter data, providing insights for customer billing and leak detection.

This milestone demonstrates Itron's commitment to addressing water scarcity in Australia. The solution helps utilities manage water operations more efficiently and address potential challenges before they become critical.

Positive

• Achieved 50th deployment milestone in Australian market, showing strong market penetration
• Solution enables multi-vendor compatibility, allowing gradual infrastructure upgrades
• Platform consolidates data collection from both mechanical and smart meters, improving operational efficiency

Negative

• None.

Insights

Market Research Analyst

This deployment milestone for Itron's Temetra solution in Australia reflects growing market penetration in a critical region facing water management challenges. The platform's multi-vendor compatibility and flexibility in supporting both mechanical and smart meters positions it well for capturing market share as utilities gradually transition their infrastructure. The solution's ability to address water scarcity and management efficiency aligns with increasing environmental pressures and infrastructure modernization needs in Australia.

However, while this 50th deployment demonstrates market acceptance, the immediate financial impact appears given Aqwest's relatively small size. The true value lies in the validation of Itron's strategy in the Asia-Pacific water management market and the potential for larger deployments. The scalability of Temetra, supporting systems from hundreds to millions of meters, suggests strong potential for future growth as utilities accelerate their digital transformation efforts.

Tech Expert

Temetra's cloud-based architecture and support for multiple vendor protocols represent significant technical advantages in the utility sector. The platform's ability to simultaneously handle legacy mechanical meters and smart meters through a unified interface reduces implementation barriers and total cost of ownership for utilities. The Android-based mobile solution leverages existing hardware infrastructure, demonstrating practical deployment considerations.

The solution's map-based routing and centralized data management capabilities address key operational efficiency challenges. The platform's demonstrated scalability from small to large-scale deployments indicates robust architecture design. While this particular implementation focuses on water management, the multi-commodity support suggests potential for expanded applications across utility sectors.

Itron’s Meter Data Collection and Management Solution to Help Aqwest Improve Visibility of Water Consumption and Losses

LIBERTY LAKE, Wash., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, marks a significant milestone with the 50th deployment of its Temetra^® solution in Australia, which is being deployed by Aqwest, the provider of drinking water to the City of Bunbury and its surrounding areas in Western Australia. With Itron’s cloud-based multi-vendor meter data collection and management solution, Aqwest will be able to manage its existing mechanical meters while enhancing and optimizing operations.

Aqwest selected Temetra, Itron’s innovative cloud-based solution, to simplify meter data collection by utilizing a solution capable of incorporating multi-vendor meter reads. With the adoption of Temetra, Aqwest can now upgrade to digital meters at a pace best suited for its operations and seamlessly collect meter readings from existing mechanical meters and future smart meters through a single data collection and management platform. This multi-vendor capability allows Aqwest to gain comprehensive insights into consumption patterns through one unified platform.

Utilizing Aqwest’s existing communication protocols and meter vendors, Temetra will collect, record and upload meter data using the handheld mobile Android devices currently in use by the utility. Temetra provides valuable insights by analyzing both current reads and historical data, enabling Aqwest to address customer billing questions and detect potential water leaks.

This 50^th customer milestone reinforces Itron’s commitment to addressing water scarcity in Australia and ensuring that communities are better equipped to manage water operations. The Temetra solution enables utilities to address critical water management tasks more efficiently. These capabilities are key to helping utilities anticipate and address potential water challenges before they turn into a crisis, such as losing water within the distribution system.

“Aqwest is committed to providing sustainable, high-quality drinking water to the Bunbury Region. As the effects of climate change continue to impact on local water security, having an efficient water management system in place is crucial,” said Gary Hallsworth, chief executive officer at Aqwest. “We are delighted to be working with Itron to upgrade our water metering infrastructure to improve our customer consumption data and billing capabilities.”

“Australia is no stranger to water shortages due to its dry climate, recurring droughts and the challenges caused by climate disruption, making water management a complex issue. On top of these challenges, population growth is increasing the demand on existing water infrastructure, much of which is aging and prone to inefficiencies,” said Don Reeves, senior vice president of Outcomes at Itron. “We are excited to celebrate this significant milestone. Working together with Australian utilities, we strive to deploy efficient solutions to address these challenges and to ensure that both remote and urban communities are equipped to tackle water management. With Temetra, utilities across the country are another step closer to water security.”

Temetra is a globally adopted, cloud-based, multi-vendor, multi-commodity, meter data management solution. Temetra supports a variety of meter manufacturers and communications protocols enabling a smooth migration from automated meter reading to advanced meter reading. Temetra’s open ecosystem solution enables interoperability at all levels and supports multiple data collection technologies concurrently, providing utilities a smooth migration path from manual to smart metering. Storing meter read data from a variety of sources in one location, combined with other innovations like map-based routing, enhances operational efficiency. Temetra has demonstrated scalability, accommodating thousands of customers ranging in size from several hundred meters to several million.

About Itron

Itron is a proven global leader in energy, water, smart city, IIoT and intelligent infrastructure services. For utilities, cities and society, we build innovative systems, create new efficiencies, connect communities, encourage conservation and increase resourcefulness. By safeguarding our invaluable natural resources today and tomorrow, we improve the quality of life for people around the world. Join us: www.itron.com.

Itron^®, the Itron Logo and Temetra are registered trademarks of Itron, Inc in the United States and other countries and jurisdictions. 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.
Sharon Chong
Field Marketing Manager, Asia Pacific
Office: +65 69837687
sharon.chong@itron.com

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

Itron, Inc.

• LinkedIn: www.linkedin.com/company/itroninc
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• Newsroom: https://itron.com/newsroom
• Blog: https://itron.com/blog

FAQ

What is the significance of Itron's 50th Temetra deployment in Australia?

The 50th deployment represents a significant milestone for Itron (ITRI) in Australia, demonstrating strong market penetration and commitment to addressing water management challenges in the region.

How does Temetra benefit Aqwest's water management operations?

Temetra enables Aqwest to manage existing mechanical meters, collect data from multiple vendor meters through a single platform, detect water leaks, and address customer billing questions more efficiently.

What are the key features of Itron's Temetra solution for utilities?

Temetra is a cloud-based, multi-vendor, multi-commodity meter data management solution that supports various meter manufacturers, enables smooth migration to smart metering, and provides map-based routing for enhanced operational efficiency.

How does Itron's Temetra help address water scarcity in Australia?

Temetra helps utilities manage water operations more efficiently by providing comprehensive consumption insights, detecting leaks, and enabling utilities to address potential water challenges before they become critical.