Itron Releases Innovative and Flexible Thermal Energy Meter

Long lasting Itron CF UltraMaxx V meter offers superior accuracy and reliability in a compact size

LIBERTY LAKE, Wash.—Jan. 17, 2013—Itron, Inc. (NASDAQ: ITRI) announced today the release of a new thermal energy meter. The embedded ultrasonic technology will help utilities around the world more accurately and reliably measure energy in heating and cooling systems as well as provide data about usage patterns. The Itron CF-UltraMaxx V meter is a compact meter with advanced smart metering features for data analysis. It features a broad dynamic range to measure very high and low energy flow for residential areas. This new meter is available in capsule or in inline versions. The capsule version is modular and can be exchanged without removing the meter housing from the pipes. Both versions are quick and easy to install.

Itron's latest thermal energy meter provides detailed information about the operation of heating and cooling systems over time, including flow rate, volume, consumption and tariffs. It is designed with flexible communications options and can be tailored to customers' specifications as well as the geography of the area where the meter is installed. In addition, the meter offers two major innovations: a unique removable calculator that can be fixed on the meter in any position, offering a high level of readability; and a patented sensor sealing which makes the installation of sensors safer for engineers by automatically locking the seal so the meter is protected against fraud.

"The latest innovation, operating range and flexibility of Itron's compact thermal energy meter is an exciting new offering for our customers," said Gavin Van Tonder, vice president of water marketing for Itron. "With the advancements in this product, Itron is providing one of the most flexible thermal energy meters available. The accuracy, reliability and long life-expectancy of this meter makes it the clear choice among thermal energy meters currently on the market."

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® is a registered trademark of Itron, Inc. 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.

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