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Itron and Silver Spring Networks Announce Partnership

Technology Integration Extends OpenWay™ AMI Platform to Support IP-based Smart Grid Networking

Liberty Lake, WA, April 18, 2008 - Itron Inc. and Silver Spring Networks announced today that the two companies have executed an agreement to integrate Itron’s OpenWay® Advanced Metering platform with Silver Spring’s IP-based Smart Energy Networking solution.  Under the terms of the agreement, the companies have addressed the technical, functional, and solution delivery issues required to deliver a complete, fully supported Advanced Metering and Meter Data Management Solution with end-to-end IP connectivity. 

“Consistent with the open, standards-based architecture of OpenWay, the integration with Silver Spring Networks provides our customers with an option for large-scale deployment of full IP communications that still leverages the benefits of the OpenWay advanced metering system,” said Philip Mezey, Senior Vice President and Chief Operating Officer for Itron North America. “We are very pleased to offer this capability to our customers, and it is yet another example of the flexible, open-architecture design of OpenWay.”

“This relationship is exciting for our industry. Combining the capabilities of Itron Advanced Metering Solutions with the open and scalable IP infrastructure of Silver Spring Networks sets a new level of performance for utilities looking for practical Smart Grid networking across their territory,” said Scott Lang, President and Chief Executive Officer of Silver Spring Networks.  “This relationship is driven by strong customer interest, and is in line with our strategy to offer a broad variety of flexible solutions to utilities.”

Itron’s OpenWay advanced meters combine open standards with advanced functionality, including ANSI C12.22-based standards compliance, interval data collection, time-of-use metering, load limiting remote disconnect, outage and meter temper detection, remote firmware updates, as well as Zigbee®-based home area network connectivity.  Silver Spring’s Smart Energy Networking provides complete high-bandwidth IP-networking to meters and other smart grid devices, such as Distribution Automation, Demand Response, Distributed Generation and more, all with the most proven networking technologies available.

Product integration is underway, with commercial shipments expected in late 2008.

About Itron

Itron Inc. is a leading technology provider to the global energy and water industries. Itron Inc. consists of Itron in North America and Actaris outside of North America. Our company is the world’s leading provider of metering, data collection and utility software solutions, with nearly 8,000 utilities worldwide relying on our technology to optimize the delivery and use of energy and water. Our products include electricity, gas and water meters, data collection and communication systems, including automated meter reading (AMR) and advanced metering infrastructure (AMI); meter data management and related software applications; as well as project management, installation, and consulting services. To know more, start here: www.itron.com.

About Silver Spring Networks

Silver Spring Networks is a leading smart grid networking platform technology and solutions provider. We have connected over 10 million homes and businesses throughout the world with the goal of achieving greater energy efficiency for the planet. Our innovative products enable utilities to gain efficiencies,integrate renewable energy sources and empower customers to monitor and manage energy consumption. Silver Spring Networks’ utility clients include Baltimore Gas & Electric, CitiPower & Powercor, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric and Pepco Holdings, Inc. among others.  For more information please visit www.silverspringnet.com.

For additional information, contact:

Deloris Duquette
Vice-president, Investor Relations and Corporate Communications Itron Inc.
deloris.duquette@itron.com
509-891-3523

Tim Wolf
Marketing Manager
Itron Inc.
tim.wolf@itron.com
509-891-3268

For Silver Spring Networks:

Lisa Magnuson
lisamag@silverspringnet.com
415-531-9199