This is great news for Itron (ITRI) today. Its subsidiary Actaris has won a joint contract with Arad Technologies of Israel to provide 150K water meters to the city of Mumbai which is half of an expected 300K order. The total project of installing 1.2 million water meters throughout Mumbai is expected to come at a cost of $128 million. Both companies expect to receive follow on orders for the project because of the complexities … Read the rest
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Itron (ITRI) Subsidiary Actaris Gets Another Middle East Smart Metering Deal
Itron (ITRI) subsidiary Actaris announced this morning a deal with Abu Dhabi Water & Electricity Authority for 140K smart electricity meters which will be deployed across the Emirate of Abu Dhabi and fully integrated in an AMR fixed network . This is a follow on contract after a successful implementation of 60K meters that allows ADWEA to remotely access all metering and operating data and instantly vaults Actaris to the throne as the largest smart … Read the rest