Itron completes acquisition of Flow Metrix

Spokane, WA, U.S.A. — (METERING.COM) — November 22, 2006 – Itron Inc., a technology provider to the global energy and water industries, has signed an agreement to acquire all of the outstanding capital stock of Flow Metrix, Inc. Flow Metrix develops and manufactures advanced leak detection systems for underground pipelines which allow customers to reduce their ‘unaccounted for’ water and improve efficiency.

The newest product from Flow Metrix is the MLOG™ leak detection system, a network of intelligent leak detecting sensors which use acoustics to monitor the entire water distribution system. A typical Flow Metrix installation includes a ratio of one MLOG sensor for approximately every ten water meters and uses AMR systems to transmit leak information from underground pipes to the utility. MLOG software is used to analyze the data collected and provide the utility with intelligent analysis to pinpoint leaks.

“Water conservation and leak detection are top of mind to many water utilities,” said Malcolm Unsworth, senior vice president of Itron Hardware Solutions. “We are excited to combine Flow Metrix’s proven leak detection solutions with our leading edge water fixed network to enhance the value of both solutions for our customers.”