Thessaloniki Goes Digital: Itron and IDATOR Collaborate with EYATH S.A. to Modernize Water Operations in Greece

Rhea-AI Summary

Itron (NASDAQ: ITRI) and channel partner IDATOR will deploy Itron’s Smart Water Solutions with Thessaloniki Water Supply & Sewerage SA (EYATH S.A.) over the next five years to modernize water operations in Thessaloniki, Greece.

The program covers a utility serving over 1.2 million citizens and aims to reduce EYATH’s water footprint by 20% by 2030 by cutting non-revenue water through Intelis® wSource ultrasonic smart meters, Temetra® cloud-based collection, and a hosted meter data management (MDM) SaaS platform that supports multi-vendor meters.

Positive

• Deployment spans 5 years covering Thessaloniki utility
• Program reaches over 1.2 million citizens served by EYATH
• EYATH target: 20% water-footprint reduction by 2030
• Itron MDM supports multi-vendor meter consolidation

Negative

• None.

News Market Reaction

+0.95%

1 alert

+0.95% News Effect

On the day this news was published, ITRI gained 0.95%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Population served: 1.2 million citizens Deployment duration: 5 years Water footprint target: 20% reduction by 2030 +5 more

8 metrics

Population served 1.2 million citizens EYATH S.A. service area in Thessaloniki

Deployment duration 5 years Planned rollout of Itron Smart Water Solutions for EYATH S.A.

Water footprint target 20% reduction by 2030 EYATH S.A. goal for reducing treated water loss

Tucson modules 250,000 modules Itron Cellular 500W modules in Tucson AMI water project

Meralco initial endpoints 73,000 endpoints Initial AMI deployment across Metro Manila

Meralco customers 8 million customers Potential multi-year AMI expansion scope

Locusview purchase price $525 million Cash acquisition funded with cash on hand

Non-revenue water loss 47% Water Authority of Fiji’s reported non-revenue water loss level

Market Reality Check

Price: $97.67 Vol: Volume 520,527 is close t...

normal vol

$97.67 Last Close

Volume Volume 520,527 is close to the 20-day average of 553,734, showing typical activity pre-announcement. normal

Technical Price at 96.73 is below the 200-day MA of 115.83 and 31.88% under the 52-week high.

Peers on Argus

Key peers (BMI, ESE, VNT, MKSI, ST) showed modest gains between 0.16% and 2.41%,...

Key peers (BMI, ESE, VNT, MKSI, ST) showed modest gains between 0.16% and 2.41%, broadly constructive but without flagged sector-wide momentum.

Historical Context

5 past events · Latest: Dec 09 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 09	Water partnership	Positive	-0.3%	Tucson AMI Essentials water project with 250,000 cellular modules.
Dec 04	Annual meeting notice	Neutral	-0.9%	Announcement of 2026 shareholder meeting and nomination deadlines.
Nov 19	Lighting partnership	Positive	-1.0%	Australian smart lighting partnership via Engage Sales Channel Program.
Nov 18	Water contract	Positive	-1.0%	Cyble 5 contract with Northumbrian Water for 330,000 meters.
Nov 17	Acquisition agreement	Positive	-1.3%	Definitive agreement to acquire Locusview for $525 million in cash.

Pattern Detected

Recent strategic and partnership announcements have often been followed by small negative 1-day price moves, indicating a pattern of muted or fading reactions.

Recent Company History

Over the last several months, Itron announced multiple growth initiatives, including the planned $525 million Locusview acquisition and sizable water and lighting contracts in the U.K. and Australia. It also secured a Tucson AMI water project and routine corporate items like the May 7, 2026 annual meeting. Despite generally positive strategic tone, 1-day moves after these news events ranged from about -0.28% to -1.27%, suggesting cautious near-term trading around news.

Market Pulse Summary

This announcement highlights a multi-year deployment of Itron’s Smart Water Solutions for EYATH S.A....

Analysis

This announcement highlights a multi-year deployment of Itron’s Smart Water Solutions for EYATH S.A., serving over 1.2 million people in Thessaloniki, with a targeted 20% water footprint reduction by 2030. It extends a run of global water and grid partnerships seen in Fiji, Manila, and Tucson. Investors tracking the story may watch how quickly endpoints are deployed, how effectively non-revenue water is reduced, and how this complements the planned $525 million Locusview acquisition.

Key Terms

smart water meters, meter data management (MDM), software-as-a-service (SaaS), non-revenue water loss

4 terms

smart water meters technical

"which includes Itron Intelis® wSource smart water meters, Itron’s Smart Water head-end"

Smart water meters are electronic devices that track and transmit detailed water usage in real time, like a fitness tracker for a building’s water flow. They matter to investors because they enable utilities and property owners to detect leaks, reduce waste, improve billing accuracy, and plan infrastructure spending, which can lower costs, create new service revenues, and reduce regulatory or operational risks tied to aging water systems.

meter data management (MDM) technical

"head-end system and meter data management (MDM) platform. This enables efficient"

Meter data management (MDM) is the system and processes that collect, clean, store and organize electricity, gas or water meter readings so they can be used for billing, reporting and analysis. Think of it as a central filing and quality‑control system that turns raw meter readings into accurate bills and reliable usage data. Investors care because MDM affects a utility’s revenue accuracy, operating costs, demand forecasting and regulatory compliance, all of which influence cash flow, margins and risk.

software-as-a-service (SaaS) technical

"Itron’s MDM system, a fully hosted, software-as-a-service (SaaS) solution, will enable"

Software-as-a-service (SaaS) is a way of delivering software over the internet where customers pay a subscription to use applications hosted and maintained by a provider, like renting a tool or streaming a service rather than buying and installing it. For investors it matters because subscriptions create predictable, recurring revenue and can scale quickly with low distribution costs, while metrics like customer retention and churn directly affect future cash flow and valuation.

non-revenue water loss financial

"respond and resolve leaks more quickly, reducing non-revenue water loss. The utility will"

Non-revenue water loss is water that a utility produces or buys but never brings in as billed customer sales—lost through leaks, theft, faulty meters, or unbilled use. For investors, it matters because it shrinks a utility’s effective income and raises operating or capital costs: like buying groceries and having a quarter of them spill before you reach the kitchen, it reduces efficiency and can signal underinvestment, regulatory risk, or the need for higher rates.

AI-generated analysis. Not financial advice.

Greek Utility Deploys Itron’s Smart Water Solutions as Part of Digital Water Transformation

LIBERTY LAKE, Wash., Jan. 06, 2026 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, and its channel partner, IDATOR, are collaborating with Thessaloniki Water Supply & Sewerage SA (EYATH S.A.) to modernize water infrastructure in Greece. EYATH S.A., which serves over 1.2 million citizens in Thessaloniki, the second largest city in Greece, will deploy Itron’s Smart Water Solutions over the next five years as part of the utility’s digital water transformation.

EYATH S.A. has set a goal to reduce its water footprint by 20% by 2030, primarily by reducing water loss in treated water. To support this, the utility will deploy Itron’s Smart Water Solutions, which includes Itron Intelis® wSource smart water meters, Itron’s Smart Water head-end system and meter data management (MDM) platform. This enables efficient and comprehensive water loss management and turns water consumption data into actionable insights, providing both EYATH S.A. and its customers with increased accuracy and visibility into their water consumption.

Itron’s solution will enable EYATH to respond and resolve leaks more quickly, reducing non-revenue water loss. The utility will leverage Itron's residential meters, of Itron’s residential meters, which are durable, intelligent and engineered to maintain the highest level of accuracy throughout their lifetime. The smart meters offer superior leak detection and real-time alarms. Data from the smart water meters is seamlessly collected with Temetra^®, Itron’s cloud-based, multi-vendor, multi-commodity meter data collection solution. The Temetra solution provides actionable insights to improve customer satisfaction and reduce water loss.

Additionally, Itron’s MDM system, a fully hosted, software-as-a-service (SaaS) solution, will enable EYATH S.A. to manage water endpoints not only from Itron meters but also from other meter vendors. By consolidating data from all meters into a single system, the Itron MDM solution allows the utility to modernize its infrastructure at its own pace, seamlessly integrating new technologies while continuing to manage data from existing assets.

“EYATH S.A.’s strategic and operational plan aims to improve the quality of water supply services while maintaining a commitment to environmental sustainability. With Itron’s Smart Water Solutions, we are advancing our plan and look forward to achieving greater efficiency in water management,” said Alexandros Mentes, director of the Strategic Planning, Projects & Development Department, EYATH S.A. “Itron’s solutions will be instrumental in helping reduce our water losses and enabling our digital water transformation.”

“Itron’s Smart Water Solutions serve as the ideal tool to help EYATH S.A. reduce its water footprint and advance its strategic plan. EYATH S.A. can take advantage of rich data from our Intelis wSource ultrasonic smart water meters and computing power from our Temetra system to improve water operations and reduce losses,” said Don Reeves, Itron’s senior vice president, Outcomes. “As the second largest city in the country, deploying Itron's Smart Water Solutions serves as a model for other utilities and demonstrates the benefits of upgrading water infrastructure and leveraging advanced technologies to improve efficiencies.”

“As an official Itron Channel Partner based in Greece, we bring unmatched local presence and proven expertise to support EYATH on-site and in person—ensuring a fast, smooth and tightly managed deployment. To further ensure smooth project execution, we work closely with our trusted local partner, FLOWTEC, strengthening on-the-ground coordination and delivery capacity. As one of the largest digital transformations in Greece’s water sector, having our team side-by-side with EYATH accelerates decisions, removes friction and streamlines day-to-day operations from day one,” said George Efstratiadis, managing director, IDATOR.

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, Temetra^® 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.

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

FAQ

What is Itron announcing for EYATH (NASDAQ: ITRI) on January 6, 2026?

Itron and IDATOR will deploy Smart Water Solutions with EYATH in a 5-year program to modernize water operations in Thessaloniki.

How many people does the EYATH deployment affect and what is the timeline?

The deployment covers a utility serving over 1.2 million citizens and will roll out over the next five years.

What specific Itron technologies will EYATH use in the Thessaloniki project?

EYATH will use Intelis® wSource smart water meters, Temetra® cloud-based meter collection, and Itron’s hosted MDM SaaS platform.

What operational goal did EYATH set with Itron’s solution?

EYATH aims to reduce its water footprint by 20% by 2030, primarily by lowering treated water loss.

Will Itron’s system work with non-Itron meters for EYATH?

Yes. The hosted MDM solution consolidates data from Itron and other meter vendors into a single system.

How will Itron’s smart meters help reduce water loss for EYATH?

Intelis wSource meters provide real-time leak detection and alarms, enabling faster leak response and reducing non-revenue water.