STOCK TITAN

Itron Enhances Intelligent Connectivity Suite for Utilities with eSIM Technology

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags

Itron (NASDAQ: ITRI) has enhanced its Intelligent Connectivity suite by incorporating Verizon Network Continuity solutions with multi-network eSIM technology. The collaboration aims to provide more reliable communications for utilities, particularly in remote areas with variable network coverage. The integration with Itron's Gen5 Cellular Access Point enables automatic network switching to optimize connectivity and ensure uninterrupted operations. This enhancement includes remote eSIM management capabilities, helping to future-proof utility network investments and support evolving technology adoption.

Itron (NASDAQ: ITRI) ha migliorato la sua suite di Intelligent Connectivity integrando le soluzioni di Verizon Network Continuity con tecnologia multi-network eSIM. Questa collaborazione ha l'obiettivo di fornire comunicazioni più affidabili per le utilities, in particolare nelle aree remote con copertura di rete variabile. L'integrazione con il Gen5 Cellular Access Point di Itron consente il passaggio automatico della rete per ottimizzare la connettività e garantire operazioni ininterrotte. Questo miglioramento include capacità di gestione remota delle eSIM, contribuendo a rendere a prova di futuro gli investimenti nelle reti delle utilities e a supportare l'adozione di tecnologie in evoluzione.

Itron (NASDAQ: ITRI) ha mejorado su suite de Intelligent Connectivity incorporando las soluciones de Verizon Network Continuity con tecnología multi-network eSIM. La colaboración tiene como objetivo proporcionar comunicaciones más fiables para las utilities, especialmente en áreas remotas con cobertura de red variable. La integración con el Gen5 Cellular Access Point de Itron permite el cambio automático de red para optimizar la conectividad y garantizar operaciones ininterrumpidas. Esta mejora incluye capacidades de gestión remota de eSIM, ayudando a preparar las inversiones en redes de utilities para el futuro y a apoyar la adopción de tecnologías en evolución.

아이트론 (NASDAQ: ITRI)다중 네트워크 eSIM 기술을 가진 Verizon Network Continuity 솔루션을 통합하여 지능형 연결성을 향상시켰습니다. 이 협력은 변동하는 네트워크 커버리지가 있는 원격 지역에서 유틸리티에 보다 신뢰성 있는 통신을 제공하는 것을 목표로 합니다. 아이트론의 Gen5 셀룰러 액세스 포인트와의 통합은 연결 최적화를 위해 자동 네트워크 전환을 가능하게 하여 중단 없는 운영을 보장합니다. 이 개선 사항은 원격 eSIM 관리 기능을 포함하여 유틸리티 네트워크 투자를 미래 지향적으로 만들고 진화하는 기술 수용을 지원하는 데 도움을 줍니다.

Itron (NASDAQ: ITRI) a amélioré sa suite Intelligent Connectivity en intégrant les solutions Verizon Network Continuity avec technologie eSIM multi-réseaux. Cette collaboration vise à fournir des communications plus fiables pour les services publics, en particulier dans les zones reculées avec une couverture réseau variable. L'intégration avec le Gen5 Cellular Access Point d'Itron permet une commutation automatique du réseau pour optimiser la connectivité et garantir des opérations ininterrompues. Cette amélioration inclut des capacités de gestion à distance des eSIM, aidant à préparer les investissements des réseaux de services publics pour l'avenir et à soutenir l'adoption des technologies en évolution.

Itron (NASDAQ: ITRI) hat seine Intelligent Connectivity-Suite verbessert, indem es die Verizon Network Continuity-Lösungen mit Multi-Network eSIM-Technologie integriert hat. Die Zusammenarbeit zielt darauf ab, eine zuverlässigere Kommunikation für Versorgungsunternehmen, insbesondere in abgelegenen Gebieten mit variabler Netzwerkabdeckung, bereitzustellen. Die Integration mit dem Gen5 Cellular Access Point von Itron ermöglicht den automatischen Netzwerkwechsel, um die Konnektivität zu optimieren und einen unterbrechungsfreien Betrieb sicherzustellen. Diese Verbesserung umfasst Funktionen zur Fernverwaltung von eSIMs, um die Investitionen in Versorgungsnetze zukunftssicher zu machen und die Einführung sich entwickelnder Technologien zu unterstützen.

Positive
  • Enhanced network reliability through multi-network eSIM technology integration
  • Improved operational effectiveness through seamless cellular connectivity
  • Future-proofing of utility network investments through remote eSIM management
Negative
  • None.

Insights

The integration of Verizon's eSIM technology into Itron's Intelligent Connectivity suite represents a significant technological advancement for utility infrastructure management. The solution addresses a critical pain point in the utility sector by enabling automatic network switching and enhanced coverage in remote areas. While this partnership could strengthen Itron's competitive position in the smart utility infrastructure market, the immediate financial impact appears

The implementation of eSIM technology offers operational benefits through improved network reliability and reduced maintenance costs. However, the revenue impact will likely materialize gradually as utilities adopt the enhanced solution. The partnership with Verizon adds credibility and could lead to broader market penetration, particularly among utilities serving rural areas where network coverage has been historically challenging.

Seamless Managed Cellular Connectivity Enhancements Can Improve Utility Network Reliability and Resiliency

LIBERTY LAKE, Wash., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, has added Verizon Network Continuity solutions to Itron’s Intelligent Connectivity suite with multi-network embedded SIM (eSIM) technology. This collaboration enables more reliable and resilient communications across broader geographies.

Utilities serving customers in remote areas often face challenges with variable network coverage. To address this, Itron worked with Verizon to develop an eSIM solution, leveraging the widely adopted mobile broadband standard set by the 3rd Generation Partnership Project (3GPP) and eSIM global specification by Global System for Mobile Communications Association (GSMA), an international collaboration that creates and maintains technical specifications for mobile telecommunications technologies. Integrating this solution with Itron’s Gen5 Cellular Access Point enables reliable and resilient connectivity service for utility customers. This capability significantly enhances network availability for continuous and uninterrupted operations. Additionally, remote eSIM management helps to future-proof utility network investments and supports the adoption of evolving technology.

“We are thrilled to enhance our Intelligent Connectivity network suite with eSIM technology. With multi-profile eSIMs, our solution can automatically switch cellular networks to optimize connectivity at any given time. This built-in communications resiliency ensures that utilities can maintain seamless cellular connectivity across their entire service territory improving operational effectiveness,” said John Marcolini, senior vice president of Networked Solutions at Itron.

“The need for next-generation managed connectivity to help utility companies with the delivery of reliable energy, water and gas is critical. Working together with Itron, we are helping utilities and municipalities enhance their networks with Verizon Network Continuity solutions using eSIM technology,” said Steve Szabo, Vice President, Technology Enablement, Verizon Business. “By integrating Verizon’s Network Continuity eSIM technology with Itron’s Intelligent Connectivity suite, together we are delivering more robust connectivity that is reliable, cost-effective and purpose-built to support critical infrastructure services.”

About Itron

Itron is a proven global leader in energy, water, smart city, IIoT and intelligent infrastructure services. For utilities, cities and society, we build innovative systems, create new efficiencies, connect communities, encourage conservation and increase resourcefulness. By safeguarding our invaluable natural resources today and tomorrow, we improve the quality of life for people around the world. Join us: www.itron.com.

Itron®, the Itron Logo, and Gen are registered trademarks of Itron, Inc. in the United States and/or other countries and regions. 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.

For additional information, contact:

Itron, Inc.

Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
PR@Itron.com

Paul Vincent
Vice President, Investor Relations
512-560-1172
Investors@itron.com

Itron, Inc.


FAQ

What new technology has Itron (ITRI) added to its Intelligent Connectivity suite?

Itron has added Verizon Network Continuity solutions with multi-network embedded SIM (eSIM) technology to its Intelligent Connectivity suite.

How does Itron's new eSIM technology benefit utility companies?

The eSIM technology enables automatic network switching for optimized connectivity, provides more reliable communications across broader geographies, and helps future-proof utility network investments.

What specific product does Itron's eSIM solution integrate with?

The eSIM solution integrates with Itron's Gen5 Cellular Access Point to enable reliable and resilient connectivity service.

Itron Inc

NASDAQ:ITRI

ITRI Rankings

ITRI Latest News

ITRI Stock Data

5.54B
45.09M
0.84%
112.29%
6.63%
Scientific & Technical Instruments
Instruments for Meas & Testing of Electricity & Elec Signals
Link
United States of America
LIBERTY LAKE