Itron Wins Corsica Smart Water Deal, Deploying 10,000 Meters
ITRI is trading near its 52-week low of $77.77 (5.6% above the low).
Summary
Itron announced a new contract with Corsica's Office d'Equipement Hydraulique de Corse (OEHC) to deploy 10,000 Intelis wSource ultrasonic smart water meters. This initiative aims to improve water consumption data accuracy and support OEHC's goal of saving 5 million cubic meters of water annually by 2035. This follows Itron's recent announcement on May 26th regarding a 2,000-meter deployment for Hunter Water, demonstrating continued demand for its smart water solutions and strengthening its market position.
At the time of this announcement, ITRI was trading at $82.10 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.8B. 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.