Itron Celebrates More Than 1 Million Cyble™ 5 Communication Modules Shipped
ItronItron(US:ITRI) GlobeNewswire News Room·2024-07-18 12:45

Core Insights - Itron has shipped over 1 million Cyble 5 communication modules, with Severn Trent Water receiving the milestone 1 millionth module, highlighting the company's commitment to digitalizing utility networks [6][3] - Severn Trent Water is deploying 400,000 smart meters equipped with Cyble 5 modules as part of its Green Recovery Program, aimed at improving water management and reducing waste [2][6] - The Cyble 5 module enhances billing accuracy and data collection efficiency through two-way communication between meter endpoints and utilities, making it a cost-effective long-term investment [1][3] Company Overview - Itron is a global leader in energy, water, smart city, IIoT, and intelligent infrastructure services, focusing on innovative systems and resource conservation [4] - The company aims to improve the quality of life by safeguarding natural resources and enhancing community engagement [4] Industry Impact - The deployment of Cyble 5 modules is part of a broader trend towards the digitalization of utility services, which is essential for lowering operational costs and achieving sustainability goals [3][6] - Severn Trent Water's use of the technology has resulted in a demand reduction of nearly 4 million liters of water daily, showcasing the effectiveness of smart metering solutions in resource management [3]

Itron Celebrates More Than 1 Million Cyble™ 5 Communication Modules Shipped - Reportify