Itron and CLS Team Up to Accelerate Smart Lighting Infrastructure

Core Insights - Itron, Inc. has announced the addition of Connected Lighting Solutions (CLS) to its Engage Sales Channel Partner Program in Australia, aiming to enhance the deployment of smart lighting technologies across the country [1][10] - The partnership is expected to leverage CLS's local expertise in street lighting and Itron's advanced smart lighting capabilities to support councils and utilities in achieving efficient and sustainable lighting solutions [3][6] Group 1: Partnership Details - CLS will assist in the deployment of Itron's smart lighting technologies, including the Networked Lighting Controller (NLC) and CityEdge software platform [1] - The Itron Engage program is designed to empower local partners with training and tools, simplifying procurement and reducing deployment risks through on-site support [2][10] - The collaboration aims to enhance public services, cut emissions, and improve urban quality of life, particularly as over 90% of Australians reside in urban areas [4] Group 2: Service Offerings - CLS will provide comprehensive support for customers adopting Itron's smart lighting solutions, covering project design, installation, and ongoing maintenance [5] - The CityEdge platform will enable features such as remote monitoring, adaptive lighting schedules, and real-time outage detection, which are crucial for enhancing public safety and reducing energy waste [5] Group 3: Strategic Initiatives - Itron's partnership with CLS strengthens its presence in Australia and makes its smart lighting solutions more accessible [6] - The company is also focusing on strategic collaborations, such as its partnership with Gordian Technologies to integrate AI and machine learning into its Grid Edge Intelligence portfolio [7] - Itron plans to acquire Urbint, Inc. for $325 million to enhance its AI and safety analytics capabilities, which aligns with its strategy to improve grid resilience and disaster management [7] Group 4: Financial Outlook - For the fourth quarter of 2025, Itron expects revenues to be between $555 million and $565 million, reflecting a 9% year-over-year decline at the midpoint [8] - The anticipated non-GAAP EPS is projected to be in the range of $2.15 to $2.25 [8] Group 5: Market Performance - Itron currently holds a Zacks Rank of 3 (Hold) and has seen a stock decline of 19.4% over the past year, compared to an 11.9% decline in the Zacks Electronics - Testing Equipment industry [9]