ITRON ANNOUNCES PREPAID METERING CONTRACT
Itron, Inc. (NASDAQ:ITRI), announced recently that Actaris, a subsidiary of Itron Inc, has entered into contracts in Azerbaijan for prepayment metering technology to help electricity and gas providers improve revenue collection.
Actaris signed an agreement with Azeri Gas and Electricity Metering (AGEM) to deliver 100,000 integrated Smart Card prepayment electricity meters, and the TaleXus® Vendor revenue collection system. The meters will be installed in two areas of Azerbaijan. Additionally, Actaris, through its partner Gulf Axxess, is deploying a prepayment solution for 65,000 gas meters in the city of Ganga. The gas prepayment solution has been in pilot with Azeri Gas since 2006.
InsulBoot announces a new addition to its rapidly growing product line—the Terminal Block Cover. It was developed in conjunction with Texas Electric Cooperatives, Georgetown, TX, for a major utility company in Austin and is now the adopted standard for that company's vault program.