Itron Announces Prepaid Metering Contract.Actaris to Deploy Large-Scale Electricity and Gas Prepayment Prepayment 1. The payment of a debt obligation prior to its due date. 2. The excess payment over a scheduled debt repayment amount. Notes: 1. Examples include deferred expenses such as rent and early loan repayments. 2. Solutions in Azerbaijan LIBERTY LAKE, 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 Actaris, a subsidiary of Itron Inc, has entered into contracts in Azerbaijan for prepayment metering Prepayment meter can refer to:
Actaris signed an agreement with Azeri Gas and Electricity Metering (AGEM AGEM Association Generale des Etudiants de Montmorency AGEM Associació Gestors de Manteniment (Spanish) ) to deliver 100,000 integrated Smart Card prepayment electricity meters, and the TaleXus[R] 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. Prepayment solutions have become a focus for Azerbaijan because utilities can significantly improve revenue collection and increase investment in power generation and distribution infrastructure. There are already a number of pilot programs for prepayment solutions in a number of cities with further long-term integration planned throughout the country. "These systems will make a significant impact on revenue collection," said Fuad Talibov, General Manager of AGEM. "We are pleased to be utilizing Actaris' market-leading technology; this project is an important step forward in terms of developing Azerbaijan's energy infrastructure." Actaris Smart Card technology offers an efficient and cost-effective method for secure revenue collection via full "two-way" prepayment--using a smart card to carry credit to the meter and meter readings back to the utility. This adaptable technology offers consumers a convenient and flexible way to manage their own energy consumption and costs and at the same time, enable the utilities to collect revenue, recover debts and understand the customer's energy usage. Existing bank "smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. " of participating consumers, (which can be used by consumers for a variety of purposes, including transportation) will be adapted so that they can also be used to credit their electricity meters. This is the first time that utilities in Azerbaijan have implemented a prepayment system utilizing existing bank cards and linking prepayment technology with a banking infrastructure. Deployment is expected to begin in March 2008. "Actaris is very excited to be a part of a growing business in Azerbaijan," said Malcolm Unsworth, senior vice-president, Itron and COO, Actaris. "By implementing our smart prepayment solution for both gas and electricity, AGEM clearly demonstrates how innovative technology can be adapted to local infrastructure for advanced system capabilities." About Itron: Itron is a leading technology provider and critical source of knowledge to the global energy and water industries. Itron operates in two divisions; as Itron in 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. and as Actaris outside of North America. Our company is the world's leading provider of metering, data collection and software solutions, with nearly 8,000 utilities worldwide relying on our technology to optimize the delivery and use of energy and water. Itron delivers industry leading solutions for electricity, gas and water utilities by offering meters; data collection and communication systems, including automated meter reading (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. ) 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 utility software applications; as well as comprehensive 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" . To know more, start here: www.itron.com. |
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