Itron (ITRI) and Ambient Partner to Increase Smart Grid Functionality for Both Companies
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Itron Inc. (NASDAQ: ITRI) announced it has signed a memorandum of understanding with Ambient Corporation for integration of Itron smart grid and advanced metering infrastructure solutions, and components, with Ambient Smart Grid(R) communications platform. The partnership enables a comprehensive and complete suite of smart grid functionality that Itron and Ambient will jointly market to utility customers.
Under terms of the agreement the companies will closely integrate Itron's leading advanced metering application for the smart grid, OpenWay(R), with Ambient Smart Grid communications technology to seamlessly connect legacy equipment as well as advanced smart energy applications to the nation's power grid.
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