This agreement brings two leading companies together in the smart grid and smart metering space to combine their technology expertise to better serve the utility industry.
Under this agreement, the two companies will use Itron's innovative smart meter solutions, Deutsche Telekom’s M2M capabilities, Information and Communication Technology solutions and Intelligent Networks Energy solution offering to bring an even more comprehensive solution and service offering to European markets. This coupled with the strength of two large and experienced companies combining efforts to create more options for customers will result in tremendous opportunities for utilities.
Itron will embed Deutsche Telekom’s SIM cards in its GPRS meters, which will enable the company to provide a complete solution and service offering in more markets, building off of Deutsche Telekom’s communication network.
The companies are dedicated to delivering the combined solution to European customers and have already committed to an initial quantity of SIM cards to be deployed. Furthermore, both parties agree to cooperate for purposes of creating as well as responding to joint business opportunities in the area of smart energy (smart metering, smart grid, and smart home) in European markets. Joint business development approaches and necessary technological alignment of the energy management portfolios between the parties ensure the most robust solutions for utilities. This coordinated approach brings flexibility to the complexity of smart metering solutions to customers, which is needed for mass smart metering roll-outs.
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