Itron (ITRI) & VODA.ai Unveil Pipe Asset Management Solution

Core Insights - The partnership between Itron Inc and VODA.ai aims to enhance water pipe management through the introduction of Pipe Asset Management, addressing the urgent need for restoration of aging water infrastructure in the U.S. and Canada [1][2]. Group 1: Company Overview - Itron Inc (ITRI) is a technology and services company based in Liberty Lake, WA, providing solutions for energy, water, smart cities, and intelligent infrastructure management [8]. - The company reported a 22% year-over-year revenue growth to $603 million in the last quarter, surpassing consensus estimates by 4.1% [4]. - Itron's growth is attributed to strong operational execution, rising recurring and one-time service revenues, and increased sales of water meters and communication modules [12]. Group 2: Product and Technology - Pipe Asset Management is designed to proactively analyze public data and utility data to identify critical pipe assets needing replacement or rehabilitation [3][7]. - The software can be utilized independently or as part of a comprehensive package globally [11]. Group 3: Market Position and Performance - Itron currently holds a Zacks Rank of 3 (Hold) and has seen its stock price increase by 48.7% over the past year, outperforming the industry average rise of 14% [9]. - The company expects to benefit from healthy demand for its innovative portfolio and strategic partnerships [12].