Itron Inc. (NASDAQ:ITRI) announced Tuesday it has signed a memorandum of understanding (MOU) with Ambient Corporation (OTCBB:ABTG) for integration of Itron smart grid and advanced metering infrastructure (AMI) solutions, and components, with Ambient Smart Grid® communications platform. The partnership enables a comprehensive and complete suite of smart grid functionality that Itron and Ambient plan to jointly market to utility customers.
The companies will integrate Itron’s advanced metering application for the smart grid, OpenWay®, with Ambient Smart Grid communications technology to connect legacy equipment as well as advanced smart energy applications to the nation’s power grid.
The agreement covers multiple technologies from both companies, including Itron ERT® technology, used for automated meter reading (AMR); as well as Itron Fixed Network and OpenWay RFLAN communications. The partnership leverages Ambient’s X-3000 node and AmbientNMS®, key components of Ambient Smart Grid solutions, and network capabilities utilizing Verizon Wireless’ cellular networks.
John J. Joyce, president and CEO of Ambient, said, “This partnership brings together Itron’s core consumer and commercial AMI technologies with Ambient’s high-capacity communications network for a complete ‘utility to the home’ smart grid solution.”
Itron currently has more than 14 million OpenWay meters under contract to nearly 8,000 energy and water utilities.
Headquartered in Newton, MA, Ambient designs, develops and markets Ambient Smart Grid communications technologies and equipment, using open standards-based technologies.
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