Itron Honored as Gold Stevie® Award Winner in 2020 American Business Awards®

Award Recognizes Innovative Methane Gas Detectors Developed with Con Edison and New Cosmos USA

Itron, Inc. ITRI, which is innovating the way utilities and cities manage energy and water, was named the winner of a Gold Stevie^® Award in the Industrial Products & Services category in the 18th Annual American Business Awards^®. The award recognizes Itron's nomination, "Public Safety Innovation – Methane Gas Detectors."

Itron was awarded in the Industrial Products & Services category for its battery-powered natural gas detector, which was developed through a collaborative effort between Itron, New Cosmos USA and Con Edison as part of Itron's developer program. The judges lauded the useful, innovative detectors and their plug and play functionality. Con Edison has deployed 9,000 battery-powered natural gas detectors as a part of an initial pilot and plans to deploy them across their service territory. These detectors operate seamlessly on the utility's existing Industrial IoT network from Itron, which includes 3.8 million electric meters and 1.3 million gas modules. This allows Con Edison to detect natural gas leaks and quickly alert its emergency crews to improve safety for everyone in the communities they serve.

More than 3,600 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Startup of the Year, Executive of the Year, Best New Product or Service of the Year, Marketing Campaign of the Year, Live Event of the Year, and App of the Year, among others.

The American Business Awards are the U.S.A.'s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small.

Nicknamed the Stevies for the Greek word meaning "crowned," the awards will be virtually presented to winners during a live virtual event on Wednesday, August 5. Tickets for the virtual event are now on sale.

More than 230 professionals worldwide participated in the judging process to select this year's Stevie Award winners.

Details about The American Business Awards and the list of 2020 Stevie winners are available at https://stevieawards.com/ABA.

Quotes

"Despite the toughest business conditions in memory, American organizations continue to demonstrate their commitment to innovation, creativity and bottom-line results This year's Stevie-winning nominations are full of inspiring stories of persistence, ingenuity, resourcefulness, and compassion. We celebrate all of their stories and look forward to showcasing them during our virtual awards ceremony on August 5."

- Maggie Gallagher, president of the Stevie Awards

"With these detectors, Con Edison has effectively transformed its gas leak detection process from a manual, often customer-reported detection process to an automated solution, demonstrating how Industrial Internet of Things solutions can transform existing processes to deliver greater safety, innovation and resourcefulness. We are honored to receive this prestigious Stevie award, which recognizes our dedication to developing breakthrough solutions that enable utilities and cities to ensure public safety and improve operations."

- Sharelynn Moore, senior vice president of Networked Solutions at Itron

"We congratulate Itron for being named a Gold Stevie Award winner for public safety innovation. As the leading company of residential gas detectors, we are very proud that our world's first and only battery-powered, AMI natural gas detector works seamlessly together with Itron's superb technology to assist Con Edison in protecting their customers and residences from gas hazards."

- Masahiro Kato, CEO at New Cosmos USA

"Congratulations to Itron for receiving this important award. By collaborating with Itron and New Cosmos USA, we have been able to ensure greater safety with natural gas detectors that operate seamlessly on our existing IoT network."

- Marc Huestis, senior vice president for Con Edison's Gas Operations

About the Stevie Awards

Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.stevieawards.com/.

Sponsors of The 2020 American Business Awards include John Hancock Financial Services, Melissa Sones Consulting, and SoftPro.

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron^® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

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