Itron Releases Next Generation Ultrasonic Prepayment Gas Meter

Rhea-AI Summary

Itron, Inc. (NASDAQ: ITRI) has launched the Intelis gFlex prepayment gas meter, enhancing revenue assurance for utilities while improving consumer experience. This innovative meter combines ultrasonic solid-state technology with 30 years of Itron’s prepayment expertise. Available in regions including EMEA, Latin America, and Asia Pacific, it offers options for payment methods and enhanced data management. Key features include superior durability, low maintenance costs, and the capacity for real-time consumption tracking, making it a significant advancement in utility management.

Positive

• Prepayment gas meter ensures upfront revenue collection for utilities.
• Flexible payment options enhance consumer experience and satisfaction.
• Durable design withstands harsh conditions and reduces maintenance costs.
• Real-time consumption data delivery improves budget management for consumers.
• Programmable features enhance operational efficiency for utilities.

Negative

• None.

Intelis gFlex Features Superior Payment Flexibility, Exceptional Performance in Harsh Conditions

LIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced the release of the Itron Intelis gFlex prepayment gas meter. The next generation meter combines Itron’s innovative ultrasonic solid state measurement technology with Itron's 30 years of experience in prepayment metering solutions. Integrated into an easy-to-deploy SaaS solution and managed through different combinations of vending channels and credit transfer options, Intelis gFlex helps utilities ensure their revenue and reduce financial exposure. The meter is now available in Europe, the Middle East and Africa (EMEA), Latin America and the Asia Pacific region.

With the Intelis gFlex, consumers prepay for the gas they consume, securing upfront revenue for utility companies. Prepayment programs can help recover over 90% of unpaid bills when combined with other payment programs, according to the Prepay Energy Working Group. The meter’s innovative design enables different payment schemes through multiple vending channels, including kiosks, Points of Sale (PoS), smartphones and online vending. Credit can be transferred using various methods, such as a NFC (near-field communication) card, an app installed onto a smartphone or with a traditional STS token via the meter numeric keypad.

In addition to improved cash conversion for utilities, the prepayment meter will help improve customer satisfaction and reduce call center volume through a consumer portal and mobile app for recharging and monitoring. Consumers can manage their budget more effectively, getting their consumption data delivered in real-time via text, mobile applications or email. Additional features such as non-disconnection period and emergency credit make the user’s life easier. For areas where prepay is not used, the Intelis still allows a flexible post-payment operating mode, keeping the benefit of revenue assurance for utilities.

Featuring embedded intelligence, the Intelis gFlex platform operates without the need of a communication network, transferring data back to the utility using NFC technology. When consumers transfer credit onto the meter, meter data is loaded onto the NFC card or mobile app and transmitted back to the utility via the vending channel (e.g., kiosk or app) when additional credit is purchased.

The meter is also designed to withstand harsh field conditions, while offering superior metrology over the entire lifetime, thus reducing the total cost of ownership of the solution. The solid-state meter requires less on-site maintenance while maintaining a higher level of accuracy over time. Combined with programmable gas supply shutoff and exceptions management features, Intelis gFlex reduces both operation and maintenance costs.

“Building on Itron’s long standing experience in prepayment metering, Itron’s Intelis gFlex offers utilities the ultimate solution for payment flexibility. The reliable, accurate metering solution optimizes cash collection and reduces bad debt at lower operational cost, helping ensure revenue while improving customer satisfaction,” said Justin Patrick, senior vice president of Device Solutions at Itron. “With embedded intelligence, the meter is truly plug-and-play, and it is built to withstand harsh installation conditions, giving utilities an easy and reliable path to revenue assurance.”

Key features of the Intelis gFlex meter include:

• Revenue protection: End-users prepay the gas they consume, securing upfront revenue for utility companies.
• Built for harsh network conditions: Capability to withstand harsh conditions such as dust and moisture.
• Long-lasting performance in field: Superior metrology performance that will ensure accuracy over the approximately 20-year life of the meter.
• Enhanced consumer experience: Consumers have the flexibility to purchase the amount of gas they need and choose the payment channel and method that is most convenient for them.
• Full set of data: Features tamper detection, advanced diagnostic capabilities and extended datalogging (e.g., daily, weekly, monthly) for additional data intelligence.
• Communication network optional: Two-way communication that is implemented though the NFC card or a smartphone used to load the credit and transmitted back to the utility via the vending channel (e.g., kiosk, app).

Availability

The Intelis gFlex meter is now available in EMEA, LAM and APAC. For more information, visit the Itron Intelis gFlex product page. For sales inquiries, go to www.itron.com/contact.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221130005396/en/

Itron, Inc.

Alison Mallahan

Senior Manager, Corporate Communications

509-891-3802

PR@Itron.com

Source: Itron, Inc.

FAQ

What is the Intelis gFlex gas meter from Itron?

The Intelis gFlex gas meter is Itron's prepayment gas meter that enhances revenue assurance and improves consumer experience through advanced technology.

What regions is the Intelis gFlex available in?

The Intelis gFlex is available in Europe, the Middle East, Africa, Latin America, and the Asia Pacific region.

How does the Intelis gFlex meter improve utility revenue?

The meter allows consumers to prepay for gas, ensuring utilities secure upfront revenue and recover unpaid bills effectively.

What are the key features of the Intelis gFlex meter?

Key features include payment flexibility, durability in harsh conditions, low maintenance costs, and real-time data transmission for consumption monitoring.

How does the Intelis gFlex enhance consumer experience?

It offers flexible payment methods, a consumer portal, and mobile app access for easy recharging and monitoring.