Itron Smart Water Solution To Improve PWC's Water Delivery

Itron, Inc. (NASDAQ:ITRI) has been selected by Provo Water Company Ltd. (“PWC”) to upgrade its water metering system with Itron’s smart water solution. Per the deal, Itron will help PWC to achieve the latter’s goal of reducing non-revenue water and improve service and reliability to customers.

PWC provides water to the Turks and Caicos island of Providenciales. With the Itron solution, PWC can analyze water usage in a better way, reduce wastage of water and conserve resources. PWC will be clearly able to observe its distribution system and improve meter reading efficiency through Itron’s fixed network solution.

Itron Total Outcomes will help Itron’s experienced team to inspect all aspects of PWC’s data collection system, thus reducing the burden of daily management tasks. Itron will also run and manage the analytic outcomes, delivering regular analytic reports and providing operational recommendations to the utility.

In addition, PWC will use the system fused with its CIS billing platform and assist customers to better manage their water use by providing detailed usage information through a web portal. It will also offer more choices for payment to its customers with prepayment and post-payment options.

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.

Moreover, significant backlog growth, benefits from restructuring and efficiency projects as well as Itron OpenWay Riva next generation platform are expected to drive revenue growth and improve profitability.

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

Some better-ranked stocks in the same sector are Agilent Technologies, Inc. (NYSE:A) , Superconductor Technologies Inc. (NASDAQ:SCON) and Cognex Corp. (NASDAQ:CGNX) , each carrying a Zacks Rank #2 (Buy).