Itron, Teplocom to Advance Thermal Energy Metering in Russia
Itron (NASDAQ: ITRI) and Teplocom Holding, the leader in thermal energy metering and associated services in Russia, announced today a strategic alliance to jointly develop and market metering solutions technologies in Russia. The cooperation agreement was signed by Itron and Teplocom on Nov. 27 during the Franco-Russian Intergovernmental Seminar, the major annual meeting in presence of both Prime Ministers, Dmitry Medvedev and Jean-Marc Ayrault.
Taking into consideration the move of the Russian metering market towards high-end water and thermal energy metering products and systems, the two companies have decided to join forces in order to offer the most comprehensive and suitable global solutions dedicated to water and energy management.
As part of the agreement, Itron and Teplocom Holding will jointly develop and market a thermal energy meter consisting of Teplocom's calculator and Itron's ultrasonic flow meter. The companies will also customize Itron's meter data management solution according to Russian requirements and adapt Teplocom's products to Itron's data collection, data management and data utilization systems. In addition, Itron's products and solutions will be distributed through Teplocom Holding's affiliates, Trade House and Energy Complex Integrator, in Russia.
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