ITRI

Itron and Jordan Electric Power Company Sign Contract to Advance the Company’s Digital Transformation

Retrieved on: 
Wednesday, September 6, 2023

Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced that it is collaborating with Jordan Electric Power Company (JEPCO), the leading distribution company in Jordan on the Arabian Peninsula, to advance the company’s digital transformation.

Key Points: 
  • Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced that it is collaborating with Jordan Electric Power Company (JEPCO), the leading distribution company in Jordan on the Arabian Peninsula, to advance the company’s digital transformation.
  • JEPCO is implementing its data collection solution with Itron Enterprise Edition™ (IEE) Meter Data Management (MDM) to streamline business operations and centralize data management.
  • Being the country’s leading energy provider, enabling data quality allows JEPCO to focus on delivering business outcomes such as ensuring energy security.
  • In order to address the energy transition and increasing demand for electric power, JEPCO is on a journey of digital transformation.

DoIT Unveils Revolutionary AIoT Pelagic Fishery System and Other AI Technologies at 2023 Meet Greater South

Retrieved on: 
Friday, August 25, 2023

Among the highlights of the opening event was the unveiling of DoIT's Pelagic Fishery AIoT Value-Added System, an advanced drone application system that utilizes four drones to precisely locate and track schools of pelagic fish.

Key Points: 
  • Among the highlights of the opening event was the unveiling of DoIT's Pelagic Fishery AIoT Value-Added System, an advanced drone application system that utilizes four drones to precisely locate and track schools of pelagic fish.
  • Dr. Chiou Chyou-Huey, Director General of DoIT, emphasized the significance of this advanced drone application system, stating that "the Pelagic Fishery AIoT Value-Added System marks that Taiwan is introducing AI technologies into pelagic fishing for the first time."
  • This AIoT pelagic fishery system incorporates efforts of local enterprises, pelagic fisheries, non-governmental organizations that contributed to the key technologies, and the drone supply chain in Taiwan.
  • Director General Chiou expressed optimism that this AIoT system would catalyze the industrialization of drone fleet services for pelagic fisheries.

Japanese Watchmakers and Western Automakers Boost Micro LED Market to Near US$600 Million by 2027, Says TrendForce

Retrieved on: 
Thursday, August 10, 2023

TrendForce predicts that the market value of Micro LED chips will reach $27 million in 2023, indicating a YoY growth of 92%.

Key Points: 
  • TrendForce predicts that the market value of Micro LED chips will reach $27 million in 2023, indicating a YoY growth of 92%.
  • Automakers from Europe, the US, and Japan are demonstrating considerable enthusiasm toward adopting Micro LED tech.
  • Micro LED continues to compete with technologies like LCOS, Micro OLED, and LBS when it comes to AR headsets.
  • TrendForce is set to host the “ Micro LED Forum 2023 ” on Tuesday, September 5th, from 9:30 to 17:00 at the NTUH International Convention Center.

Itron Completes Technology Transfer to Sui Southern Gas Company in Pakistan

Retrieved on: 
Tuesday, August 8, 2023

Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced the completion of a technology transfer with Sui Southern Gas Company Limited (SSGC), which has more than 3 million industrial, commercial and residential gas connections in Pakistan.

Key Points: 
  • Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced the completion of a technology transfer with Sui Southern Gas Company Limited (SSGC), which has more than 3 million industrial, commercial and residential gas connections in Pakistan.
  • With the new technology transfer and license agreement, SSGC will manufacture parts of measuring units of the Gallus meter locally and assemble this unit in their meter manufacturing plant.
  • Itron has progressively transferred technology to SSGC for local production of parts and local assembly of various models of domestic gas meters.
  • With the technology transfer of the Gallus G4 assembly line, the utility opens the door to future technological possibilities and advancements.

Itron Announces Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 3, 2023

Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its second quarter ended June 30, 2023.

Key Points: 
  • Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its second quarter ended June 30, 2023.
  • Itron will continue to innovate and help our customers address extremely complex challenges, and we believe that we are positioned to maintain operational momentum throughout the second half of the year.”
    Total second quarter revenue increased 25%, to $541 million.
  • Net cash provided by operating activities was $42 million in the second quarter compared with $15 million in the prior year.
  • Free cash flow was $36 million in the second quarter compared with $10 million in the prior year.

SEMI Honors the Leadership of the Cyber Security Standards Committee

Retrieved on: 
Wednesday, August 2, 2023

This award recognizes years of involvement and leadership by Richard Howard in the development of new Semiconductor industry standards, in particular in the area of cybersecurity.

Key Points: 
  • This award recognizes years of involvement and leadership by Richard Howard in the development of new Semiconductor industry standards, in particular in the area of cybersecurity.
  • One of these two standards came directly from the work of the Taiwan Task Force, which focused on SEMI Draft Document 6506 New Standard: Specification for Cyber Security of Fab Equipment.
  • Through the dedicated efforts of the leadership of these task forces, and SEMI Standards members, there is a robust framework designed to enhance cybersecurity practices across the industry."
  • For more information about SEMI's Cyber Security Standards, please visit https://store-us.semi.org/products/e18800-semi-e188-specification-for-ma...

ITRI and 7-Eleven Introduce New Unmanned "X-STORE 7"

Retrieved on: 
Wednesday, July 26, 2023

HSINCHU, July 26, 2023 /PRNewswire/ -- ITRI and 7-Eleven have collaborated to build "X-STORE 7," a 24-hour unmanned convenience store using AIoT technologies.

Key Points: 
  • HSINCHU, July 26, 2023 /PRNewswire/ -- ITRI and 7-Eleven have collaborated to build "X-STORE 7," a 24-hour unmanned convenience store using AIoT technologies.
  • Situated on ITRI's headquarters, X-STORE 7 integrates ITRI's Grab & Go System Service that includes smart shelves and a variety of AI sensors, creating a business model conducive to rapid scale-up.
  • He added that this "not only aids businesses in streamlining operations and addresses labor allocation challenges, but also caters to the shopping needs of remote and under-resourced areas."
  • 7-Eleven highlighted that X-STORE 7 is the first unmanned convenience store in Taiwan to operate independently without the need for assistance from an adjacent store.

Itron Invites Nominations for Fifth Annual Itron Innovator Award

Retrieved on: 
Tuesday, July 25, 2023

Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today that nominations are now open for the fifth annual Itron Innovator Award.

Key Points: 
  • Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today that nominations are now open for the fifth annual Itron Innovator Award.
  • A list of all previous award winners is available at the Itron Innovator Award landing page .
  • “Customer success is essential to Itron’s success, and we are thrilled to begin accepting nominations for the fifth annual Itron Innovator Award and showcase our partners ability to innovate and address challenges in energy, water and smart city management,” said Christina Haslund, head of partner management at Itron.
  • Nominations are now open for consideration, please submit an Itron customer or partner project here by Sept. 1, 2023.

Itron Appoints Sanjay Mirchandani to Board of Directors

Retrieved on: 
Monday, July 24, 2023

Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today the appointment of Sanjay Mirchandani, CEO of Commvault, to its board of directors, effective July 18, 2023.

Key Points: 
  • Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today the appointment of Sanjay Mirchandani, CEO of Commvault, to its board of directors, effective July 18, 2023.
  • “Itron’s board of directors and Itron’s customers recognize the importance of data protection and deep knowledge of cybersecurity.
  • That’s why we are delighted to welcome Sanjay to our board and benefit from his expertise in cybersecurity, data protection and customer service,” said Diana Tremblay, chair of Itron’s board of directors.
  • “It’s an honor to join Itron’s board of directors, and I look forward to bringing my experience to help further Itron’s corporate strategy and enhance shareholder value,” said Mirchandani.

Itron to Present at Oppenheimer 26th Annual Technology, Internet & Communications Conference

Retrieved on: 
Wednesday, July 19, 2023

Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today that Joan Hooper, Itron’s senior vice president and chief financial officer, will participate in a fireside chat during Oppenheimer’s 26th Annual Technology, Internet & Communications Conference on Wednesday, Aug. 9, 2023, at 2:55 p.m. EDT.

Key Points: 
  • Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today that Joan Hooper, Itron’s senior vice president and chief financial officer, will participate in a fireside chat during Oppenheimer’s 26th Annual Technology, Internet & Communications Conference on Wednesday, Aug. 9, 2023, at 2:55 p.m. EDT.
  • The live webcast of the event will be accessible through Itron’s Investor Relations website located at www.itron.com .
  • A replay of the webcast will be available for 30 days following the events.