Badger Meter Releases New Automatic Meter Reading Product.

Business Editors

MILWAUKEE--(BUSINESS WIRE)--Sept. 30, 2002

Badger Meter, Inc. (AMEX: BMI) today announced it has expanded its line of automatic meter reading (AMR) products with the release of its new Orion(R) series, a radio frequency(RF) drive-by system for the water utility market.

AMR systems enable utilities to read meters by simply driving down the street. Orion utilizes RF bubble-up (broadcast) technology, which eliminates the need for FCC licensing by the utility. The key features available with the Orion system are leak detection and route mapping. These features, combined with Orion's fast, accurate readings and ease of installation, make the product suitable for water utilities of all sizes.

"The Orion system is an important step in our connectivity strategy in which we offer our customers a choice of AMR technologies to meet their unique needs," said Richard A. Meeusen, president and chief executive officer. "With 60,000 water utilities in the United States, there isn't a one size fits all product."

According to Kenneth E. Smith, vice president - sales and marketing, "By offering both our new Orion product and the radio frequency AMR products manufactured by Itron, Inc., Badger has a much more comprehensive line of AMR products."

Badger Meter's Recordall(R) Transmitter Register (RTR(R)) forms the foundation for the variety of technologies that can connect easily to the company's basic water meters, thereby enabling Badger Meter to offer the best product for each customer's particular application needs.

Badger Meter is a leading marketer and manufacturer of flow measurement and control technology, developed both internally and with other companies, as well as the leader in providing digital connectivity to leading AMR technologies. Its products are used to measure and control the flow of liquids in a variety of applications.

Certain statements contained in the pages of this document, 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. The forward looking statements are based on the company's current views and assumptions and involve risks and uncertainties that include, among other things:

- the success or failure of new product offerings

- the actions and financial condition of competitors and alliance partners

- changes in competitive pricing and bids in the marketplace

- changes in domestic conditions, including housing starts

- changes in foreign economic conditions, including currency fluctuations

- changes in laws and regulations

- changes in customer demand and fluctuations in the prices of and availability of purchased raw materials and parts.

Some or all of these factors are beyond the company's control. 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 herein are made only as of the date of this document and the company undertakes no obligation to publicly update 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