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    ITRI   US4657411066

ITRON, INC.

(ITRI)
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Delayed Nasdaq  -  04:00 2022-09-27 pm EDT
43.68 USD   +0.11%
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Itron, Inc. : Itron Solution Selected for Power Distribution Program in Pakistan

02/20/2013 | 09:12am EDT

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LIBERTY LAKE, Wash. - Feb. 20, 2013 - Itron, Inc. (NASDAQ: ITRI) announced today that its Automated Meter Reading (AMR) solution has been selected for a United States Agency for International Development (USAID) project in Pakistan.

The objective of the project is to provide services for the USAID Power Distribution Program, a five-year, USAID-financed project designed to facilitate improvements in electric power distribution utilities (DISCOs) across Pakistan. The project works with government-owned power distribution companies and Pakistan's Ministry of Water and Power to improve governance and management systems, increase efficiency of revenue collection, reform the regulatory framework and improve customer service.

Itron, in collaboration with local manufacturer MicroTech Industries, will supply GPRS commercial and industrial meters, RF residential meters, IT infrastructure and data collection software. The AMR solution will help Pakistan power distribution companies improve energy efficiency, manage supply and demand, and reduce losses on the network.

"We look forward to working with Itron as part of this important project which will assist DISCO to increase revenue, reduce theft, increase accuracy and provide improved service to their customers," said Dick Dumford, senior advisor and technical team leader for the Power Distribution Program. "Itron's AMR solution will help DISCO achieve their goal of expanding the supply of electricity and advancing the operational and financial health of the entire power sector in Pakistan."

"Itron is proud to work with International Resources Group to help upgrade the electricity metering system in Pakistan," said Aqeel Jafar Khan, regional marketing director of Itron Energy, Middle East. "Itron's metering expertise and depth of industry knowledge will help power distribution companies in Pakistan manage supply and conserve resources in a region where both are critical."

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Financials (USD)
Sales 2022 1 863 M - -
Net income 2022 -24,6 M - -
Net Debt 2022 263 M - -
P/E ratio 2022 -80,6x
Yield 2022 -
Capitalization 1 972 M 1 972 M -
EV / Sales 2022 1,20x
EV / Sales 2023 1,00x
Nbr of Employees 5 635
Free-Float 99,0%
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 43,68 $
Average target price 61,11 $
Spread / Average Target 39,9%
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Managers and Directors
Thomas L. Deitrich President, Chief Executive Officer & Director
Joan Schweikart Hooper Chief Financial Officer & Senior Vice President
Lynda L. Ziegler Chairman
Richard Christensen Senior VP-Global Research & Development
Gary E. Pruitt Independent Director
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