Itron (ITRI) To Boost Water Efficiency In City Of Lancaster

Itron, Inc. (NASDAQ:ITRI) announced that the City of Lancaster Public Works Department has signed a contract with the company to improve the city’s water efficiency, operational analysis and customer service.

These days, the City of Lancaster’s primary focus is to replace the olden infrastructure which will avoid wastage of water and costly repairs. So, the city will modernize its distribution system with Itron’s smart water solution.

The solution will enable the city to better understand consumer demands by turning detailed meter data into applicable intelligence, using analytics. The city will use a hybrid deployment of mobile and network communications to gather meter data, which will help improve the efficiency and accuracy of meter reading.

With Itron Total Outcomes, Itron’s team of experts will be responsible for ongoing maintenance of the network. The city will also be able to improve water efficiency through detection of residential plumbing leaks in water transmission lines.

Moreover, Itron’s technology will allow the city’s residential and commercial customers to identify leaks in their own properties and repair them. The city’s initial analysis indicates that this technology will save an estimated $130,000–$200,000 per year for taxpayers.

Itron continues to focus on investments to increase operational efficiencies and customer-service levels by embracing new technologies. The company is also undertaking aggressive measures to strengthen quality processes, additional project risk management controls, centralized global supplier and procurement management.

Liberty Lake, WA-based Itron Inc., along with its subsidiaries, is one of the principal technology providers to the energy and water industries worldwide. It produces electricity, gas, water, and heat meters, data collection and utility software solutions, and various other associated metering products for residential, commercial and industrial customers as well as transmission and distribution customers.

Currently, Itron carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the same sector are Cognex Corp. (NASDAQ:CGNX) , ARI Network Services Inc. (NASDAQ:ARIS) and Citrix Systems, Inc. (NASDAQ:CTXS) . All these stocks sport a Zacks Rank #1 (Strong Buy).