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ITRON INC. ANNOUNCES PRICING FOR IPO

 SPOKANE, Wash., Nov. 5, /PRNewswire/ -- Itron Inc. (NASDAQ: ITRI) announced today the initial public offering of 3 million shares of its common stock at $13.50 per share. Of the total number of shares, 2.5 million new shares are being sold by the company and 500,000 are being sold by certain existing shareholders. The common stock began trading today on the NASDAQ National Market under "ITRI".
 CS First Boston and Hambrecht & Quist Incorporated are the managers of an underwriting syndicate offering the common stock to the public.
 Itron Inc. is the leading supplier of data acquisition and wireless communications products for the meter reading and related data management needs of electric, gas and water utilities worldwide. Itron's systems have been installed at more than 1,100 utilities worldwide, and are being used to read more than 200 million meters. Itron is headquartered in Spokane, Wash., and currently employs 624 people worldwide.
 -0- 11/5/93
 /CONTACT: James E. Thompson, vice president Finance and Administration, or Mima Scarpelli, treasurer, of Itron, 509-924-9900/
 (ITRI)


CO: Itron Inc. ST: Washington IN: UTI SU: OFR

RB -- SE008 -- 1265 11/05/93 13:34 EST
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Publication:PR Newswire
Date:Nov 5, 1993
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