The company provides metering, data collection, and software solutions to nearly 8,000 utilities worldwide. Itron's product line includes an advanced metering infrastructure system that permits two-way communication between utilities and customers and allows end-use customers to participate in demand response and energy conservation programs. This system can be linked with smart thermostats, in-home displays, and appliance controllers that facilitate energy optimization. Itron also offers advanced metering for water and natural gas systems that address demand management and maintenance measures such as leak detection systems.
In addition, Itron provides complementary services for water, energy, and natural gas utilities. Services include energy forecasting and load research as well as energy efficiency, renewable energy, and demand response consulting and analysis. By offering products that allow utilities and their customers to optimize energy use while simultaneously offering services that track the way we use and obtain energy and water, Itron has positioned itself as a key player in energy conservation. Areas for improvement include establishing reduction goals for the company's key environmental performance indicators.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 9/30/12 and may not reflect current opinions or subsequent events.