AGL Resources to Expand Itron's Mobile Automatic Meter Reading Technology into Florida and Virginia; Mobile AMR Technology Already Deployed in Georgia and New Jersey.SPOKANE, Wash. -- Itron, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ITRI ITRI Industrial Technology Research Institute (Taiwan, ROC) ITRI Information Technology Research Institute ITRI Inhalation Toxicology Research Institute ITRI International Tin Research Institute Ltd ITRI Information Technology Reuse Initiative ) announced today that AGL Resources AGL Resources, Inc. is a Fortune 1000, Forbes 2000 energy services holding company. Their principal business is distribution of natural gas in Florida, Georgia, Maryland, New Jersey, Tennessee and Virginia, providing gas for more than 2.2 million customers. (NYSE NYSE See: New York Stock Exchange :ATG ATG antithymocyte globulin. lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG) Atgam Pharmacologic class: Immunoglobulin Therapeutic class: Immunosuppressant ), an Atlanta-based energy services holding company, has agreed to a five-year contract with Itron to purchase AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. modules and related meter reading equipment over the next five years. The agreement includes the expansion of Itron Mobile Automatic Meter Reading Automatic meter reading, or AMR, is the technology of automatically collecting data from water meter or energy metering devices (water, gas, electric) and transferring that data to a central database for billing and/or analyzing. (AMR) technology into two additional states -- Florida and Virginia where AGL (programming) AGL - (Atelier de Genie Logiciel) French for IPSE. has approximately 375,000 meters today. For more than 20 years, AGL Resources has utilized Itron's meter reading technology to increase operational efficiency, improve meter reading and billing accuracy and save time and money. Three generations of gas modules have been deployed on meters at AGL -- the company has used every vintage of gas AMR endpoints produced by Itron. To date, Itron has shipped more than 1.5 million AMR modules to all of the combined AGL subsidiaries. The new contract provides for Itron to be the AMR and meter reading equipment provider throughout the AGL group and purchase orders will be issued by AGL throughout the five year term. "AMR saves us money and helps us operate more efficiently -- which is why we are continuing to expand its use," said Ira Pearl, vice president of engineering at AGL Resources. "Our IT systems are compatible with Itron's solutions, and allow us to leverage our current assets Current Assets Appearing on a company's balance sheet, it represents cash, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that can be converted to cash within one year. and implement AMR without significant resource requirements The components of a system that are required by software or hardware. It refers to resources that have finite limits such as memory and disk. In a PC, it may also refer to the resources required to install a new peripheral device, namely IRQs, DMA channels, I/O addresses and memory . This five-year contract is a reflection of our confidence in Itron and its technology." Itron's industry leading AMR technology enables utilities to collect data from electric, natural gas and water meters automatically via radio signal. As a result, utilities are able to read meters efficiently and accurately, while eliminating the need for meter readers to access the customers' properties every month. To date, Itron has shipped nearly 50 million automated meters and AMR modules to utilities worldwide. "Like so many leading utilities that have partnered with Itron for automation solutions, AGL Resources has found that the financial, operational and customer service benefits of AMR technology are indeed compelling," said Malcolm Unsworth, senior vice president of Itron's hardware solutions. "We are pleased that AGL Resources continues to count on us as they deploy Itron AMR technology into additional states." About Itron Itron is a leading technology provider and critical source of knowledge to the global energy and water industries. Nearly 3,000 utilities worldwide rely on Itron's award-winning technology to provide the knowledge they require to optimize the delivery and use of energy and water. Itron creates value for its clients by providing industry-leading solutions for electricity metering; meter data collection; energy information management; demand response; load forecasting, analysis and consulting services; distribution system design and optimization; web-based workforce automation; and enterprise and residential energy management. To know more, start here: www.itron.com. About AGL Resources AGL Resources (NYSE:ATG), an Atlanta-based energy services holding company, serves 2.2 million customers in six states through its utility subsidiaries -- Atlanta Gas Light Atlanta Gas Light Company (AGLC), commonly known as Atlanta Gas Light, is the largest natural gas wholesaler in the Southeast U.S., and is the AGL in AGL Resources. It was founded in 1856 and is headquartered in Atlanta, as is AGL Resources. , Elizabethtown Gas in New Jersey, Virginia Natural Gas, Florida City Gas, Chattanooga Gas, and Elkton Gas in Maryland. Ranked by Forbes as one of the 10 Best Managed Utilities and No. 250 in the Forbes Platinum 400 as well as 647 on the Fortune 1000 and number 40 in the Fortune gas and electric utilities sector in 2006, AGL Resources reported revenue of $2.7 billion and net income of $193 million in 2005. The company also owns Houston-based Sequent Energy Management, an asset manager serving natural gas wholesale customers throughout the East and Midwest. As a 70 percent owner in the SouthStar partnership, AGL Resources markets natural gas to consumers in Georgia under the Georgia Natural Gas brand. AGL Networks, the company's telecommunications subsidiary, owns and operates fiber optic networks in Atlanta and Phoenix. The company also owns and operates Pivotal Jefferson Island Storage & Hub, a high-deliverability natural gas storage facility near the Henry Hub in Louisiana. For more information, visit www.aglresources.com. |
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