Hunter Water Expands Itron Partnership, Deploying 2,000 Digital Meters for Pilot
ITRI is trading near its 52-week low of $77.77 (9.1% above the low).
Summary
Hunter Water is expanding its collaboration with Itron, deploying 2,000 Intelis wSource NB-IoT ultrasonic water meters and utilizing Itron's Temetra cloud-based data management solution. This is part of a digital metering pilot program in Australia, with deployment starting in Q3 2026. The initiative aims to improve water network management, reduce water loss, and enhance customer conservation, reinforcing Itron's market position in the region. This follows Itron's recent extension of collaboration with another Australian utility, Ausgrid, in March.
At the time of this announcement, ITRI was trading at $84.87 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $77.77 to $142.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.