Itron Unveils the Future of Rural Smart Communities with New Fiber Mini Access Point Featuring Intelligent Connectivity

Rhea-AI Summary

Itron, Inc. (NASDAQ: ITRI) has introduced its Fiber Mini Access Point (Fiber MiniAP™), designed to enhance connectivity for smart meters and devices via existing fiber assets. This innovation aims to support rural electric cooperatives by extending IIoT network coverage and aiding in grid modernization. The Fiber MiniAP reduces infrastructure costs while enabling advanced applications like electric vehicle management and distributed energy resources. Scheduled for testing with cooperative utilities, this solution is set for commercial release in North America in the first half of 2024.

Positive

• Launch of Fiber MiniAP enables improved connectivity for rural electric cooperatives.
• Helps reduce infrastructure and total cost of ownership for network upgrades.
• Supports advanced applications such as electric vehicle monitoring and management.

Negative

• No immediate financial metrics or projections provided regarding the Fiber MiniAP's impact.

Itron’s Fiber MiniAP Leverages Existing Fiber Assets to Connect Smart Meters and Devices to Itron’s Multi-Purpose Network, Extending IIoT Network Coverage

LIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, unveiled the new Itron Fiber Mini Access Point (Fiber MiniAP™), which leverages both fiber and RF mesh connectivity for a wide range of Itron endpoints. The Fiber MiniAP helps cooperatives leverage fiber network assets for next generation advanced metering infrastructure (AMI), distributed intelligence, distribution automation, low-voltage network management, smart lighting and more to enable grid modernization beyond meter-to-cash.

Rural electric cooperatives often recognize the synergy and interdependency between broadband and smart grid networks and in many instances face the challenge of building these networks in more sparsely populated areas. It is common amongst these cooperatives to deploy fiber for both utility and commercial connectivity. Fiber adoption will continue to accelerate as government funding for these networks becomes available. By leveraging these fiber assets, the Fiber MiniAP extends industrial IoT (IIoT) network coverage in rural areas with low meter-per-mile density while reducing infrastructure and total cost of ownership, both of which are common obstacles to cooperative network upgrades.

Further, rural electric cooperatives can utilize Itron's extensive partner ecosystem to address grid modernization challenges at their own pace with a future-ready IIoT network. Fiber-enabled distributed intelligence also opens the door to advanced applications such as electric vehicle monitoring and management, distributed energy resource management, Conservation Voltage Reduction and more. Powerful edge computing capabilities will allow for unprecedented visibility and control in low and medium voltage distribution networks, ultimately driving more value to members. Itron is currently planning to test the Fiber MiniAP with cooperative utilities and the solution will be commercially available in North America in the first half of 2024.

“Utility companies are always looking for ways to deliver reliable and safe energy services. With Itron’s Fiber MiniAP, these companies can now extend intelligently connected network coverage and advanced applications further,” said John Marcolini, senior vice president of Networks at Itron. “Itron’s latest smart network innovation will provide cooperatives utilities with a practical next step to solve pressing operational challenges through fiber-enabled next generation AMI.”

“National Rural Telecommunications Cooperative (NRTC), an Itron Sales Channel Partner, provides solutions to more than 1,500 rural electric and telephone utilities and affiliates in 48 states. With the creation of the Fiber MiniAP, Itron is considering the voice of the customer,” said Greg Bartolomei, president of Smart Grid Solutions at NRTC. “We are excited about the new opportunities for next-generation AMI and smart grid applications that the Fiber MiniAP will help unlock for electric cooperatives. We look forward to continuing our partnership to deliver more value.”

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: 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/20230302005279/en/

Itron, Inc.

Alison Mallahan

Senior Manager, Corporate Communications

509-891-3802

PR@Itron.com

Source: Itron

FAQ

What is Itron's Fiber MiniAP?

The Fiber MiniAP is a new device from Itron that uses existing fiber assets to improve connectivity for smart meters and devices.

When will the Fiber MiniAP be available?

The Fiber MiniAP is expected to be commercially available in North America in the first half of 2024.

How does the Fiber MiniAP benefit rural electric cooperatives?

It helps extend IIoT network coverage, reduces infrastructure costs, and supports advanced metering and grid applications.

What applications can the Fiber MiniAP support?

It can support applications like electric vehicle management, distributed energy resource management, and smart grid technologies.

What is Itron's stock symbol?

Itron's stock symbol is ITRI, and it trades on NASDAQ.