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TMCNet:  Itron, ClipperCreek Collaborate For Tennessee EV Charging Solution

[January 25, 2013]

Itron, ClipperCreek Collaborate For Tennessee EV Charging Solution

(FinancialWire via COMTEX) -- January 25, 2013 (FinancialWire) -- Water metering systems company Itron Inc. (NASDAQ: ITRI) announced yesterday that Tennessee Valley Authority (TVA), provider of electricity to nine million people across seven southeastern states, will install revenue-grade electric vehicle (EV) charging stations in collaboration with selected distributors in its territory. Installation of the charging stations is reportedly scheduled to begin in mid-2013. The solution includes ClipperCreek charging stations embedded with Itron sensor technologies, such as revenue-grade metrology, cellular communications and a ZigBee communication module, according to Itron.

Itron officials noted that, with these charging stations, TVA can charge utility service vehicles while accurately measuring energy used. In addition, TVA can retrieve interval data collected at the charging station through a ZigBee smart meter interface, Officials also noted.

Also according to Itron, the stations allow for flexible control of charging, receiving inputs (such as charging schedules and control signals for emergency demand response) from TVA, local distribution companies or local charging station operators.

ClipperCreek provides electric vehicle charging infrastructure solutions, through 15 years of development and field experience. Since coming into the market the founders of ClipperCreek have reportedly shipped over 16,000 charge stations and now provide EVSEs compatible with all battery electric and plug-in hybrid electric vehicles to be shipped this year.

Itron Inc. (approx market cap. US$ 1.9 bil.) provides metering solutions, meter data management software and knowledge application solutions to electric, natural gas and water utilities worldwide. The company offers electricity, natural gas, and water metering systems in three categories: standard, advanced, and smart. The company was founded in 1977 and is headquartered in Liberty Lake, Washington. Itron employs approximately 9,600 people.

========= ITRI stock info: Last quote at close: $46.28 Last close vs. 50-day moving avg.: +3.2% Last close vs. 200-day moving avg.: +8.0% Last close vs. 52-wk high: -8.1% 3-mo. avg. daily volume: 272,173 shares Approx. avg. daily money volume: $12,201,516 ========= INDEPENDENT EQUITY RESEARCH for companies mentioned in the news is available through the Investrend Research Syndicate (at http://www.investrend.com/research/resources/).

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========= Stocks: Itron Incorporated (NASDAQ: ITRI) ========= http://www.financialwire.net

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