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Itron, Tantalus Announce Project in Guyana

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Itron, Inc. (NASDAQ: ITRI), a global technology company that helps utilities measure, manage and analyze energy and water, and Tantalus, a leading provider of Smart Grid communications, today announced they have been selected for an initial deployment of smart meters and AMI infrastructure for South American utility Guyana Power and Light (GP&L). This project will be a part of the Sustainable Operations of the Energy Sector and Improve Quality of Service (GY-L1037) program which is financed by the Government of Guyana through a loan from the Inter-American Development Bank and GP&L. The National Procurement and Tender Administration Board (NPTAB) of Guyana, through competitive bidding, selected Tantalus and Itron to supply electricity meters and complementing communications infrastructure based on the technical advantages and competitive value of the joint solution.

Guyana's deployment is the first international joint project between Tantalus and Itron since the two companies announced an alliance in late 2011. The strategic alliance combines Itron's SENTINEL® and CENTRON® electricity meters as well as its electric, gas and water ERT modules with Tantalus' comprehensive communications network, TUNet®, the Tantalus Utility Network, to reach public power utilities in North and South America. Uniting the capabilities of TUNet with Itron's electricity meters has allowed the companies to offer a joint solution that accommodates smart metering, demand response and distribution automation for international markets such as Guyana.

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