Itron partners with Publiacqua to modernize Tuscany's water system using smart meters, enhancing efficiency and customer engagement.
Quiver AI Summary
Itron, Inc. is partnering with Publiacqua, the water utility serving 1.3 million residents in Tuscany, Italy, to modernize its water distribution system by replacing mechanical meters with Itron's Intelis® wSource smart water meters. This upgrade aims to reduce non-revenue water and improve customer engagement and sustainability efforts. The new meters feature advanced leak detection and capabilities for real-time data collection, accurate billing, and flow monitoring, which will help Publiacqua quickly identify issues and enhance service quality. The project is part of a broader initiative to digitize the water distribution network in accordance with sustainability goals. Itron's smart meters are expected to significantly reduce water loss and improve operational efficiencies while maintaining reliable service to both residents and visitors in Tuscany.
Potential Positives
- Itron is partnering with Publiacqua, enhancing their position in the European market by modernizing water distribution systems for 1.3 million residents in Tuscany, Italy.
- The deployment of Itron’s Intelis wSource water meters will enable significant reductions in water loss and improve customer engagement through advanced technologies like real-time data collection and leak detection.
- This project aligns with sustainability initiatives and demonstrates Itron's commitment to innovative solutions, positioning the company as a leader in transforming utility services.
- The Intelis wSource meter is notably the only water meter MID-certified for R1000 accuracy, highlighting Itron’s advanced metrology capabilities and enhancing its competitive advantage in the market.
Potential Negatives
- The press release highlights a partnership with Publiacqua that may indicate a dependency on external clients for business growth, raising concerns about Itron's ability to secure contracts independently.
- The project is funded through PNRR, which may suggest that Itron's business is reliant on government funding, potentially exposing it to budget cuts or policy changes that could impact future revenue.
- The emphasis on competitive features like advanced leak detection and billing accuracy indicates that Itron faces significant competition in the smart water meter market, which may pressure profit margins.
FAQ
What is the project involving Itron and Publiacqua?
Itron is partnering with Publiacqua to modernize its water distribution system with smart meters to reduce water loss and enhance customer experience.
How will the Intelis wSource meters benefit Publiacqua?
The Intelis wSource meters offer real-time data collection, enhanced billing accuracy, flow monitoring, and leak detection to improve water management.
Why is reducing non-revenue water important for utilities?
Reducing non-revenue water helps utilities optimize resource management, decrease operational costs, and support sustainability initiatives while enhancing customer engagement.
What technology is included in Itron's smart water meters?
Itron's smart meters feature advanced leak detection technology, precise flow monitoring, and customer alert systems ensuring timely responses to anomalies.
How does this project reflect sustainability efforts in Tuscany?
This project aims to modernize water management, conserve resources, and improve service provided to 1.3 million residents, highlighting a commitment to sustainability.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ITRI Insider Trading Activity
$ITRI insiders have traded $ITRI stock on the open market 22 times in the past 6 months. Of those trades, 0 have been purchases and 22 have been sales.
Here’s a breakdown of recent trading of $ITRI stock by insiders over the last 6 months:
- THOMAS DEITRICH (President & CEO) has made 0 purchases and 7 sales selling 77,011 shares for an estimated $8,286,065.
- DONALD L. III REEVES (SVP, Outcomes) has made 0 purchases and 5 sales selling 7,937 shares for an estimated $789,622.
- JOAN S HOOPER (SVP & CFO) has made 0 purchases and 2 sales selling 1,014 shares for an estimated $112,466.
- JOHN F. MARCOLINI (SVP, Networked Solutions) has made 0 purchases and 2 sales selling 460 shares for an estimated $51,036.
- JUSTIN K PATRICK (SVP, Device Solutions) has made 0 purchases and 2 sales selling 210 shares for an estimated $23,369.
- CHRISTOPHER E. WARE (SVP, GC & Corp. Secretary) has made 0 purchases and 2 sales selling 183 shares for an estimated $20,294.
- LAURIE ANN PULATIE-HAHN (SVP, HR) sold 78 shares for an estimated $9,612
- DAVID MARSHALL WRIGHT (VP, Corp. Controller & CAO) sold 55 shares for an estimated $6,586
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ITRI Hedge Fund Activity
We have seen 217 institutional investors add shares of $ITRI stock to their portfolio, and 184 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SELECT EQUITY GROUP, L.P. removed 603,877 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $64,500,102
- MORGAN STANLEY added 357,023 shares (+52.8%) to their portfolio in Q3 2024, for an estimated $38,133,626
- ENCOMPASS CAPITAL ADVISORS LLC removed 335,054 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $35,787,117
- INVESCO LTD. added 313,527 shares (+14.4%) to their portfolio in Q3 2024, for an estimated $33,487,818
- JPMORGAN CHASE & CO added 296,511 shares (+88.4%) to their portfolio in Q3 2024, for an estimated $31,670,339
- BNP PARIBAS FINANCIAL MARKETS added 288,064 shares (+125.6%) to their portfolio in Q3 2024, for an estimated $30,768,115
- UBS GROUP AG added 286,258 shares (+898.7%) to their portfolio in Q3 2024, for an estimated $30,575,216
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
LIBERTY LAKE, Wash., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, is working with
Publiacqua
, the water provider for 1.3 million residents across Tuscany, Italy, to modernize its water distribution system. The utility will upgrade its mechanical meters with Itron’s Intelis
®
wSource water meters to reduce non-revenue water and enhance the customer experience. Itron’s latest generation of metrology will enable Publiacqua to reduce losses throughout its distribution system and better engage with customers amid an increasing focus on sustainability initiatives.
Each Itron Intelis wSource water meter is equipped with advanced leak detection technology, ensuring the data collected is reliable and accurate. As the utility transitions to Itron’s smart water meters, Publiacqua will take advantage of the following benefits:
Real-Time Data Collection:
The Intelis wSource can collect meter reads remotely, driving informed decision making and enabling Publiacqua to quickly identify and address unusual water patterns.
Billing Accuracy:
Publiacqua can access daily billing and custom billing functions, along with precise hourly consumption data logging.
Flow Distribution & Monitoring:
Itron’s ultrasonic water meters enable precise monitoring of distribution flow as well as detection and quantification of backflow to help assess water quality and/or sanitary risk.
Customer Alerts & Communication:
Alarms are generated when anomalies are detected, such as a broken pipe, customer leak, tamper attempt or freeze risk, dispatching timely alerts and demonstrating Publiacqua’s commitment to customer care.
“The deployment of smart meters, including Itron’s Intelis wSource smart water meters, marks a pivotal step forward in Publiacqua’s efforts to modernize our water network, advance sustainability, reduce water loss and deliver safe and reliable water to the residents of Tuscany. Included, the deployment is part of a project to digitize the distribution network, funded by PNRR M2C4-14.2,” said the PM of the project Eng. Dr. Cristiano Agostini and the Dr. Laura Taiti responsible for the Smart meter streaming at Publiacqua. “With real-time leak detection, enhanced accuracy and optimized water delivery, this technology empowers us to vastly reduce the amount of water lost through our distribution system. Beyond operational benefits, this investment reflects our ongoing commitment to better managing and conserving this precious resource while deepening engagement with the 1.3 million customers we serve in the Tuscany region."
“As a popular tourist destination, one unique feature of Tuscany is the centralized drinking fountains. With a region so dedicated to providing safe, sanitary and reliable water to both its residents and visitors, the transition from mechanical meters to Itron’s smart water meters across Publiacqua’s service territory ensures water is efficiently managed throughout the network, including to residential homes and public drinking fountains, helping to preserve the region’s historic charm,” said Justin Patrick, senior vice president of Device Solutions at Itron. “Our meters enable the utility to reduce water loss, improve customer engagement and achieve sustainability goals.”
Itron’s Intelis wSource water meter
delivers innovative features to transform water network operations. Designed to enhance visibility across the network, reduce water loss and ensure precise customer billing, it sets a new benchmark for metering performance. As the only water meter on the market MID-certified for R1000 accuracy, it excels in measuring low-flow water usage and detects household leaks with unmatched precision, enabling utilities to optimize resource management and increase customer satisfaction.
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 Intelis are registered trademarks of Itron in the United States. 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
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
