Itron Completes Technology Transfer to Sui Southern Gas Company in Pakistan

Rhea-AI Summary

Itron, Inc. (NASDAQ: ITRI) enables SSGC to localize manufacturing of Gallus G4 residential meter in Pakistan. The technology transfer and license agreement allows SSGC to manufacture parts of the meter locally and assemble it in their meter manufacturing plant, paving the way for future technological advancements and optimized operations.

Positive

• The completion of the technology transfer and license agreement with SSGC signifies a significant milestone for Itron's collaboration in Pakistan, potentially leading to future smart capabilities and optimized operations. The comprehensive training provided by Itron to SSGC's team empowers the utility to efficiently operate the assembly line, ensuring high levels of metering accuracy.
• The technology transfer of the Gallus G4 assembly line will positively impact the local economy in Pakistan, strengthening the country's manufacturing capabilities while meeting the needs of SSGC's customers.

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• None.

License Agreement Enables SSGC to Localize Manufacturing of Gallus G4 Residential Meter

LIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced the completion of a technology transfer with Sui Southern Gas Company Limited (SSGC), which has more than 3 million industrial, commercial and residential gas connections in Pakistan. SSGC operates the only meter manufacturing plant of its kind in Southeast Asia, for manufacturing and assembling G1.6 and Gallus G4 residential gas meters under license from Itron. With the new technology transfer and license agreement, SSGC will manufacture parts of measuring units of the Gallus meter locally and assemble this unit in their meter manufacturing plant.

The long-standing collaboration between Itron and SSGC dates back more than 30 years and has led to this significant milestone with the local support of Itron partner, T.H. SYED, for the utility and the country of Pakistan. Itron has progressively transferred technology to SSGC for local production of parts and local assembly of various models of domestic gas meters.

With the technology transfer of the Gallus G4 assembly line, the utility opens the door to future technological possibilities and advancements. As a smart-ready meter, the Gallus G4 can be equipped with communication technology for remote meter reading that enables better monitoring of the gas distribution network. Combined with a software and analytics platform, this could pave the way for optimized operations and reduction of losses. As a part of the project, Itron is providing comprehensive training to the team at SSGC, empowering the utility to efficiently operate the assembly line.

The Gallus G4 meter features a reliable and maintenance-free meter design and excellent stability and accuracy throughout the whole life of the meter. The meter’s compact design fits a variety of installation environments.

“SSGC's mission is to deliver reliable, environmentally friendly and sustainable natural gas to our customers. Our longstanding collaboration with Itron has been pivotal in introducing cutting-edge technologies and services to advance this mission,” said Saeed Rizvi, acting deputy managing director operations and UFG at SSGC. “We believe that the complete technology transfer of the Gallus G4 assembly line will have a positive impact on the local economy in Pakistan as it helps to strengthen the country’s manufacturing capabilities while meeting the needs of our customers.”

“We are excited to work together with SSGC to support the utility’s efforts in localizing the production of gas meters in Pakistan,” said Justin Patrick, senior vice president of Device Solutions at Itron. “Taking advantage of Itron’s Gallus G4 meter design, SSGC is laying the foundation for future, smart capabilities while ensuring high levels of metering accuracy.”

“Itron’s channel partner, T.H. SYED, has been providing innovative services to the oil and gas industry throughout Pakistan for more than 30 years,” said Aqeel Jafar Khan, regional sales director for the Middle East at Itron. “With our channel partner’s local expertise, we are able to continue providing trusted manufacturing services in the region.

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron^® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

Additional Resources

• LinkedIn: https://www.linkedin.com/company/itroninc/
• Twitter: https://twitter.com/ItronInc
• Newsroom: www.itron.com/company/newsroom
• Blog: https://blogs.itron.com

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230808417233/en/

For additional information, contact:

Itron, Inc.

Alison Mallahan

Senior Manager, Corporate Communications

509-891-3802

PR@Itron.com

David Means

Director, Investor Relations

737-242-8448

Investors@itron.com

Source: Itron, Inc.

FAQ

What does the completion of the technology transfer and license agreement with SSGC mean for Itron, Inc. (NASDAQ: ITRI)?

The completion of the technology transfer and license agreement signifies a significant milestone for Itron's collaboration with SSGC in Pakistan, potentially leading to future smart capabilities and optimized operations.

What are the potential benefits of the technology transfer of the Gallus G4 assembly line for SSGC?

The technology transfer will positively impact the local economy in Pakistan, strengthening the country's manufacturing capabilities while meeting the needs of SSGC's customers.

What role does Itron play in empowering SSGC in localizing the production of gas meters in Pakistan?

Itron provides comprehensive training to SSGC's team, empowering the utility to efficiently operate the assembly line and ensuring high levels of metering accuracy.