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Itron Launches an Innovative Smart Payment Solution in UK
LIBERTY LAKE, Wash. — June 23, 2009 — Itron Inc. (NASDAQ: ITRI) announced today that Itron Metering Solutions UK Ltd, formerly known as Actaris UK Ltd, is launching EnergyPOINT.net™, an innovative Internet-based smart energy solution for energy customers in the United Kingdom. The new device will let utilities offer consumers the latest smart energy technology using the proven TaleXus Smart pay-as-you-go (PAYG) platform. EnergyPOINT.net will allow consumers using a Smart Key PAYG meter the convenience of purchasing energy credit and managing payments online.
EnergyPOINT.net is Itron's latest Smart Energy PAYG offering and comes after the successful trial of EnergyPOINT®. The new product allows utilities to offer their existing Smart Payment Key meter customers a convenient and secure method of purchasing credit in real-time, 24-hours a day, seven days a week. The new technology will enable consumers to purchase their energy from any computer that has access to the Internet by using an EnergyPOINT.net™ device.
Consumers will load their Smart Key by inserting it into a specially designed unit that plugs into a computer's USB port. They will be able to add credit to their meter by accessing a custom webpage, via their utility's website, and will purchase energy using a debit card.
This latest piece of technology puts Itron International at the forefront of Smart Energy innovation and consolidates its position as a leading global solutions provider. With over 3 million energy customers with access to Smart Key PAYG technology across the entire UK energy market, EnergyPOINT.net is well placed to lead the smart energy technological revolution.
Nigel Butcher, general manager of Itron UK says, "The Smart Key remains the leading energy payment technology, serving the PAYG Energy segment in the United Kingdom. Maintaining our strong focus on continued investment in new technologies in products, systems and services has allowed us to deliver this latest advanced solution in Smart Payment."
"The development of EnergyPOINT.net reinforces our worldwide leadership in smart energy solutions," says Malcolm Unsworth, president and chief executive officer, Itron. "Our familiarity with smart metering and our commitment to investment in smart payment solutions will ensure that these technologies remain at the forefront as the UK moves towards the roll-out of smart metering to every household by 2020. EnergyPOINT.net also reinforces Itron's commitment to technologies that help raise consumer awareness regarding their energy consumption, which in the long term will lead to a reduction in CO² emissions."
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.