Press release

Itron Recognized as a Global Leader in Smart Street Lighting by Northeast Group

Sponsored by Businesswire

Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and
cities manage energy and water, has been named a global market share
leader in deployed and publicly awarded smart streetlight communications
projects by Northeast Group LLC, a market intelligence firm with
expertise in the smart infrastructure sector. The independent study, Global
Smart Street Lighting & Smart Cities: Market Forecast (2019 – 2028),
in May of 2019, found that cities and utilities will network up to 72
million streetlights over the next 10 years.

Itron manages more than 3 million streetlights globally with its open,
standard-based network, which creates a foundation for cities and
utilities to enable smart city applications that address an array of
challenges around smart transportation, resilient and sustainable
infrastructure, public safety and security, and digital services.
Itron’s growing market share and global leadership in smart lighting
reflects a broader trend in the market. Given their diverse operational
needs, cities and utilities are moving away from single-purpose
solutions and taking a platform approach to their digital industrial IoT
(IIoT) initiatives. Itron’s globally proven platform and developer
program enable a vibrant and growing partner ecosystem to provide
customers with superior flexibility and choice.

Utilities in particular are ramping-up adoption of smart street
lighting. Having demonstrated value from their smart energy and water
initiatives, many utilities are exploring opportunities to leverage
Itron’s industry-leading Field Area Networks (FAN) to extend the value
of their infrastructure investments and smart
lighting is a natural fit
. Beyond the energy savings of the LED
streetlight, smart street lighting offers a wide range of benefits,
including improved network resiliency, enhanced safety, and increased
customer satisfaction.

“As noted in the report, the Smart Street lighting industry is seeing a
lot of momentum as cities and utilities are taking a platform approach
to roll out their smart city initiatives,” said Itai Dadon, director of
IIoT and smart cities at Itron. “With decades of expertise in providing
critical infrastructure, Itron’s proven platform equips utilities and
cities to lead the way in delivering integrated, smart city technology
that fits their specific needs.”

“The global street lighting market is evolving at a rapid pace. LED
luminaires are becoming the default as existing streetlights expire and
smart streetlights are forming the basis of more expansive smart city
projects,” said Ben Gardner, president of Northeast Group. “We estimate
that LED smart street lighting and smart city sensors will see $8
billion in investment from 2019 to 2028. This growth will include over
216 million LED streetlights and nearly 72 million streetlights that
will be networked.”

About Itron

Itron enables utilities and cities to safely, securely and reliably
deliver critical infrastructure services to communities in more than 100
countries. Our portfolio of smart networks, software, services, meters
and sensors helps our customers better manage electricity, gas and water
resources for the people they serve. By working with our customers to
ensure their success, we help improve the quality of life, ensure the
safety and promote the well-being of millions of people around the
globe. Itron is dedicated to creating a more resourceful world. Join us:

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