Water Energy Stocks Alert: Hong Kong Water Supplies Department Chooses Itron's Water Metering Technology
October 28, 2011 - Investorideas.com, a leader in sector research for independent investors including water stocks reports on water metering news issued today by Itron, Inc (NASDAQ: ITRI). The stock is trading at $37.40, up 0.21 (0.56%) 11:41AM EDT, with a morning high of $37.58.
Itron, Inc. (NASDAQ: ITRI) announced today that it will provide Hong Kong Water Supplies Department (WSD) with 400,000 highly accurate, residential water meters over a period of two years beginning in late 2011. The project is building on Hong Kong WSD's water conservation objectives.
As an island, Hong Kong faces limited water reserves and relies primarily on Dongjiang in Guangdong, a province in Southern China, for its water supply. With supply and storage constraints, a highly populated service territory, and increasing water demand, Hong Kong WSD needs to address these challenges by closely monitoring and managing its water resources.
One of the primary ways for Hong Kong WSD to achieve this effectively is to raise customer awareness of the value of water in effort to lower usage of this precious natural resource. Itron is helping Hong Kong WSD address these issues by delivering 400,000 volumetric water meters that provide reliable measurement and accurate invoices for end-consumers.
"This contract with Hong Kong WSD directly aligns with our vision to deliver water resource management solutions tailored to the Asia-Pacific region,” said Marcel Regnier, Itron president and COO, Water. "We are already successfully helping water providers in Macao, Singapore, Vietnam and the Philippines better manage limited water supplies, and now, with our technology, the Hong Kong water department will achieve its conservation and consumer awareness goals.”
About Itron (NASDAQ: ITRI).
At Itron, we're dedicated to delivering end-to-end smart grid and smart distribution solutions to electric, gas and water utilities around the globe. Our company is the world's leading provider of smart metering, data collection and utility software systems, with nearly 8,000 utilities worldwide relying on our technology to optimize the delivery and use of energy and water. Our offerings include electricity, gas, water and heat meters; network communication technology; collection systems and related software applications; and professional services. www.itron.com.
About InvestorIdeas.com: Big Ideas for small cap Investors
InvestorIdeas.com is a leader in investor stock research by sector. Sectors we cover include; water stocks, renewable energy stocks, biotech stocks, mining and gold stocks, energy stocks, tech, defense stocks, nanotech, agriculture and gaming. Investorideas.com was one of the first investor research portals covering water stocks and renewable energy stocks
www.water-stocks.com is a domain within the Investorideas.com content portfolio. Water-stocks has interviewed some of the leading experts within the sector including well- known water analyst Neil Berlant.
Research water stocks with the most comprehensive water stocks directory online: http://www.investorideas.com/Water-Stocks/Stock_List.asp
Sign up for the free investor news and stock alerts http://www.investorideas.com/Resources/Newsletter.asp
Talk about water and water stocks on Linkedin.com -
Linkedin.com: Water Stocks - Social network for investors following water stocks http://www.linkedin.com/e/ez47wj-gp5ofknw-5j/vgh/3966202/
Join Investor Ideas - Become a Member
Investorideas.com Members currently have 24/7 online access to the exclusive subscriber-only 13 stock directories in leading sectors including nanotech, renewable energy, water and energy stocks. Get stock alerts and hot news!
Visit the Investor Ideas membership page to learn more at: http://www.investorideas.com/membership/
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising .
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Source - Investorideas.com
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.