Badger Meter, Inc. and Itron, Inc. Extend Alliance - Distribution Agreement.MILWAUKEE -- Badger badger, name for several related members of the weasel family. Most badgers are large, nocturnal, burrowing animals, with broad, heavy bodies, long snouts, large, sharp claws, and long, grizzled fur. Meter, Inc. (NYSE NYSE See: New York Stock Exchange : BMI BMI body mass index. BMI abbr. body mass index Body mass index (BMI) A measurement that has replaced weight as the preferred determinant of obesity. ) today announced it has extended its alliance and distribution agreement with Itron, Inc. (Nasdaq: 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 ) of Spokane, Wash., through February 2011. The two-year contract extension permits Badger Meter to continue marketing Itron 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 (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. ) technologies to water utilities throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "Over the past 10 years, Badger Meter has been a major seller of Itron automatic meter reading products to water utilities across the U.S. The extended agreement with Itron enables us to continue to include Itron AMR technology as part of the comprehensive AMR/AMI product portfolio we offer to the water utility market," said Richard A. Meeusen, chairman, president and chief executive officer of Badger Meter. "A significant number of water utilities have selected the Itron AMR technology in combination with our highly regarded line of Recordall([R]) water meters for their installations. In fact, Badger Meter is the number-one reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. of Itron technology to the water industry. We are pleased to continue offering Itron technology as an option to our customers," said Meeusen. The new agreement is structured to permit further contract extensions beyond 2011. "We are very pleased to extend our alliance with Badger Meter. Badger Meter is an important Itron partner in bringing our AMR technologies to the marketplace," said Russ Vanos, vice president of marketing for Itron. "As water utilities face increasing challenges, our priority is delivering solutions that help our customers balance demand against finite supplies." About Itron Itron Inc. is a leading technology provider to the global energy and water industries. Itron Inc. consists of Itron in North America and Actaris outside of North America. The company is the world's leading provider of metering, data collection and utility software solutions, with nearly 8,000 utilities worldwide relying on its technology to optimize optimize - optimisation the delivery and use of energy and water. Itron's products include electricity, gas and water meters, data collection and communication systems, including automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. meter reading (AMR) and advanced metering infrastructure Advanced Metering Infrastructure (AMI) or Advanced Metering Management (AMM) refers to systems that measure, collect and analyse energy usage, from advanced devices such as electricity meters, gas meters, and/or water meters, through various communication media on request or (AMI); meter data management and related software applications; as well as project management, installation, and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" . For more information visit: www.itron.com. About Badger Meter Badger Meter is a leading manufacturer and marketer of products incorporating liquid flow measurement and control technologies, developed both internally and with other technology companies, as well as the leader in providing digital connectivity to AMR/AMI technologies. Its products are used to measure and control the flow of liquids in a variety of applications. Certain statements contained in this news release, as well as other information provided from time to time by the Company or its employees, may contain forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. The words "anticipate," "believe," "estimate," "expect," "think," "should" and "objective" or similar expressions are intended to identify forward looking statements. All such forward looking statements are based on the Company's then current views and assumptions and involve risks and uncertainties that include, among other things: * the continued shift in the Company's business from lower cost, manual read meters toward more expensive, value-added automatic meter reading (AMR) systems and advanced metering infrastructure (AMI) systems; * the success or failure of newer Company products, including the Orion[R] radio frequency AMR system, the Galaxy[R] fixed network AMI system and the low profile Recordall[R] Model LP disc series meter; * changes in competitive pricing and bids in both the domestic and foreign marketplaces, and particularly in continued intense price competition on government bid contracts for lower cost, manual read meters; * the actions (or lack thereof) of the Company's competitors; * changes in the Company's relationships with its alliance partners, primarily its alliance partners that provide AMR/AMI connectivity solutions, and particularly those that sell products that do or may compete with the Company's products; * changes in the general health of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and foreign economies, including, to some extent, housing starts in the United States and overall industrial activity; * increases in the cost and/or availability of needed raw materials and parts, including recent increases in the cost of brass castings as a result of increases in commodity prices, particularly for copper and scrap metal, at the supplier level and resin resin, any of a class of amorphous solids or semisolids. Resins are found in nature and are chiefly of vegetable origin. They are typically light yellow to dark brown in color; tasteless; odorless or faintly aromatic; translucent or transparent; brittle, fracturing as a result of increases in petroleum and natural gas prices; * the Company's expanded role as a prime contractor for providing complete AMR/AMI systems to governmental entities, which brings with it added risks, including but not limited to, Company responsibility for subcontractor One who takes a portion of a contract from the principal contractor or from another subcontractor. When an individual or a company is involved in a large-scale project, a contractor is often hired to see that the work is done. performance; additional costs and expenses if the Company and its subcontractors fail to meet the agreed-upon timetable with the governmental entity; and the Company's expanded warranty and performance obligations; * changes in foreign economic conditions, particularly currency fluctuations between the United States dollar and the euro; * the loss of certain single-source suppliers; and * changes in laws and regulations, particularly laws dealing with the use of lead (which can be used in the manufacture of certain meters incorporating brass housings) and the U.S. Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. rules affecting the use and/or licensing of radio frequencies necessary for AMR/AMI products. All of these factors are beyond the Company's control to varying degrees. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward looking statements and are cautioned not to place undue reliance on such forward looking statements. The forward looking statements made in this document are made only as of the date of this document and the Company assumes no obligation, and disclaims any obligation, to update any such forward looking statements to reflect subsequent events or circumstances. Badger Meter company news is available 24 hours a day, on-line at: http://www.badgermeter.com. |
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