Itron Acquires C&N GasGate™ Technology to Enhance Smart Gas Distribution Systems

Published on Wednesday, 04 January 2012 08:50 Written by TradersHuddle Staff

LIBERTY LAKE, Wash.-( Business Wire )-

Itron, Inc. (NASDAQ:ITRI) announced today it acquired C&N Engineering’s GasGate™ technology to augment its gas solutions by adding remote gas shut-off capabilities to its product portfolio. This specialized shut-off valve can be used in conjunction with Itron’s gas technology around the world to improve gas distribution reliability and safety. Whether the gas utility is using an Itron drive-by or network system, the wireless shut-off valve can be utilized to turn off gas remotely in emergency or potentially hazardous situations.

C&N Engineering, LLC is based in Pennsylvania and designs and manufactures the GasGate shut-off valve. Itron is working cooperatively with C&N engineers to install and test the product in the field with various gas distribution utilities. This flexible product can be used in both residential and commercial applications and is designed to take advantage of a variety of communication options to support Itron deployments globally. Initially, the product will be integrated with Itron’s ERT-based communications for gas network and mobile system customers in North America.

“This innovative technology will help gas utilities remotely detect tampers and quickly respond to changes at the meter, ensuring that people and property are safe at all times," said Neil Doveala, C&N Engineering president. “In addition, it is designed to work with a variety of communication technologies and can be adapted to global markets, which further complements Itron’s gas offering.”

“We are pleased to add this technology to our gas portfolio. We’ve seen a growing demand for remote gas shut-off in the market place, and this product will meet our customers’ gas safety and reliability needs,” said Phil Holdbrooks, Itron director product marketing, Energy.

About Itron

Itron is the leading provider of energy and water resource management solutions for nearly 8,000 utilities around the world. We offer end-to-end solutions that include electricity, gas, water and thermal energy measurement and control technology; communications systems; software; and professional services. With nearly 10,000 employees doing business in more than 130 countries, Itron empowers utilities to responsibly and efficiently manage energy and water resources. To realize a sustainable future, start here: www.itron.com.

Itron, Inc.Sharelynn Moore, Vice President, Corporate Communications, 509-891-3524sharelynn.moore@itron.comorBarbara Doyle, Vice President, Investor Relations, This e-mail address is being protected from spambots. You need JavaScript enabled to view it.