French Water Provider, Metz Eurométropole Water Utility, Receives Milestone ModuleLIBERTY LAKE, Wash., June 25, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, has shipped more than 2 million of its Cyble 5 multi-connectivity communication modules. French water utility, Metz Eurométropole, is the recipient of the two millionth module. The water provider is deploying Itron Cyble 5-equipped water meters in support of its mi ...

Core Insights - Itron, Inc. is launching its Cyble 5 communication module in the Asia-Pacific region, which enhances mechanical water meters into intelligent devices [2][10] - The Cyble 5 module facilitates a transition to automated metering, helping utilities modernize infrastructure, reduce operational costs, and improve sustainability without extensive replacements [3][10] Product Details - Production of the Cyble 5 module will commence in Q4 2025 at PT Mecoindo in Cikarang, Indonesia [4] - The module includes leak detection capabilities, continuous flow alarms, and hourly data collection, which are crucial for water conservation, especially in warmer climates like Australia and New Zealand [4][5] Market Context - Itron has successfully deployed over 2 million Cyble 5 modules in the EMEA region, with positive outcomes such as reduced water losses reported by utilities like Severn Trent Water [6][10] - The introduction of Cyble 5 in Asia-Pacific is expected to yield similar benefits for local utilities [6] Innovation and Growth - Itron's recent product innovations include the Solar Battery Access Point, set to improve connectivity in areas lacking traditional networks, and the IntelliFLEX energy management system, which optimizes grid capacity [7][8] - For Q2, Itron anticipates revenues between $605 million and $615 million, with non-GAAP EPS projected to be $1.30–$1.40, reflecting a 12% year-over-year increase at the midpoint [8] Stock Performance - Itron currently holds a Zacks Rank 3 (Hold) and has seen a stock price increase of 14.2% over the past year, outperforming the Zacks Electronics - Testing Equipment industry's growth of 0.8% [9]

Core Insights - Itron, Inc. is launching its Cyble™ 5 communications module in the Asia-Pacific region, which enhances mechanical water meters into communication devices for automated meter reading and advanced metering infrastructure [1][2] - The module will be produced in Cikarang, Indonesia, starting Q4 2025, addressing utility challenges in the region, including smart metering and water conservation [2] - The Cyble 5 module is designed to withstand extreme weather conditions, making it suitable for various climates, and allows utilities to upgrade without replacing existing infrastructure [3] Group 1 - The Cyble 5 module enables utilities to reduce costs and support sustainability initiatives by improving existing metering infrastructure [1][2] - It features leak detection capabilities, which are particularly beneficial in regions facing water scarcity, such as Australia and New Zealand [2] - Itron has successfully shipped over 2 million Cyble 5 modules in the EMEA region, helping utilities like Severn Trent Water significantly reduce water losses [4] Group 2 - The module's design includes resistance to water, contaminants, corrosion, humidity, and high temperatures, ensuring durability and versatility for utilities [3] - The easy installation process of the Cyble 5 module allows utilities to transition at their own pace without the need for extensive infrastructure changes [3] - Itron positions itself as a leader in energy, water, and smart city solutions, focusing on innovative systems and resource conservation [6]