Dive Summary:
- Itron, the smart meter provider, has partnered with Panasonic, the electronics multinational, to target the Japanese smart meter market.
- Itron will produce smart meters with 3G, RF mesh and Power Line Carrier communications capabilities.
- Japan plans to install 80 million smart meters in the next ten years; roughly 8% of the worldwide market, according to projections from Pike Research.
From the article:
"Over the next 10 years, Japan will install some 80 million smart electric meters. Itron, the 35-year-old Washington utility metering technology provider, just landed a big deal with Panasonic that should help it get a slice of that market.
Itron (NASDAQ: ITRI)—based in Liberty Lake, WA, just east of Spokane near the Idaho border—said Friday that it struck a strategic alliance with the Japanese electronics multinational to develop smart meters for sale to electric utilities. ..."
