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ITRON INC. PROCEEDS WITH REGISTRATION FOR IPO

 SPOKANE, Wash., Oct. 20 /PRNewswire/ Itron Inc. announced today that it has filed amendments to its registration statement with the Securities and Exchange Commission and is proceeding with plans for an initial public offering (IPO). The offering will be for three million shares, including 2.5 million new shares to be sold by the company and 500,000 shares to be sold by certain existing shareholders. CS First Boston and Hambrecht & Quist will be the lead managers for the underwriting syndicate for the offering. Copies of the prospectus may be obtained by contacting either firm.
 Itron is the leading supplier of data acquisition and wireless communication products for the meter reading and related data management needs of electric, gas and water utilities worldwide. Itron's systems have been installed at over 1,100 utilities worldwide, and are being used to read over 200 million meters.
 Itron is headquartered in Spokane and has manufacturing facilities in Spokane and Waseca, Minn. Itron currently employs 624 people worldwide.
 -0- 10/20/93
 /CONTACT: James E. Thompson, vice president of finance and administration, chief financial officer, or Mima Scarpelli, of Itron, 509-924-9900/


CO: Itron Inc. ST: Washington, Minnesota IN: SU: OFR

RB -- SE006 -- 4541 10/20/93 11:46 EDT
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Publication:PR Newswire
Date:Oct 20, 1993
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