Itron (NASDAQ:ITRI) has received an order from Mexico’s Comision Federal de Electricidad (CFE), for 25,000 SENTINEL solid-state electricity meters. CFE is Mexico’s largest electric utility — covering the whole of Mexico — with more than 20 million customers and 163 power-generating plants. The agreement represents Itron’s largest international sale of the SENTINEL meter. CFE has the option to purchase an additional 37,000 units over the next year.
“This is a very important step forward for Itron in this market,” said Doug Staker, Itron’s vice-president and general manager of international markets. “On top of other meter sales in the region, this agreement makes Itron one of the top meter suppliers in Mexico. We’re optimistic about continuing to grow our presence in Mexico and throughout Latin America.”
Itron’s industry leading AMR technology enables utilities to automatically collect data via radio signal. As a result, utilities can read meters efficiently and accurately, while eliminating the need for meter readers to access customers’ properties and facilities. The systems also generate more frequent and reliable meter data that gives utilities better insight into operations, conservation initiatives, efficiency and more. Itron has shipped more than 55 million automated meters and AMR modules to utilities worldwide.
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