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Itron & Wasion to Jointly Expand OpenWay Riva Ecosystem
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In order to expand Itron’s OpenWay Riva ecosystem, Itron, Inc. (ITRI - Free Report) has collaborated with Wasion Group. The companies will develop and deliver OpenWay Riva-enabled Wasion electricity meters to enhance customer choice and capabilities in markets across the globe.
Wasion Group is a leading energy measurement instrument, system and service supplier in China. The company is a professional manufacturer, supplying various advanced energy measurement products, systems and services, and covers energy production and transmission & distribution demands.
On the other hand, Itron’s OpenWay Riva IoT solution provides distributed intelligence and computing power in meters and grid devices. The solution also delivers real-time analysis of data and peer-to-peer communication among these devices. In addition, the solution’s adaptive communications technology offers high-performance communication with assured connectivity, using one unified network and communication solution.
The partnership will enable OpenWay Riva-equipped meters to provide significant improvements in grid reliability, efficiency and safety, as well as a powerful platform to cater new services to customers. This collaboration further validates the value and flexibility of Itron’s OpenWay Riva solution.
Also, Itron’s OpenWay Riva technology incorporation into the Wasion electricity meters will offer highly differentiated capabilities to utilities, along with value for their smart metering projects. These capabilities include high-performance communication and assured connectivity in all types of services environments, as well.
Moreover, Itron remains focused on its ongoing efforts to drive operational improvements as well as product development and supply chain efficiencies across businesses. Looking ahead, the company is confident that investments in its OpenWay Riva IoT solution, alongside differentiated software and services offerings, combined with on-going operational discipline, will drive consistent growth and profitability.
Shares of Itron have outperformed the Zacks categorized Electronics Testing Equipment industry in the past one year. The stock gained a whopping 102.2%, more than the industry’s gain of 36.7%, over the same time frame.
Zacks Rank & Stocks to Consider
Currently, Itron flaunts a Zacks Rank #1 (Strong Buy).
Applied Optoelectronics has a positive average earnings surprise of 106.74% for the last four quarters. ePlus inc. generated a positive average earnings surprise of 8.30% for the trailing four quarters. Rogers Corporation delivered an average positive earnings surprise of 37.24% over the last four quarters.
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Itron & Wasion to Jointly Expand OpenWay Riva Ecosystem
In order to expand Itron’s OpenWay Riva ecosystem, Itron, Inc. (ITRI - Free Report) has collaborated with Wasion Group. The companies will develop and deliver OpenWay Riva-enabled Wasion electricity meters to enhance customer choice and capabilities in markets across the globe.
Wasion Group is a leading energy measurement instrument, system and service supplier in China. The company is a professional manufacturer, supplying various advanced energy measurement products, systems and services, and covers energy production and transmission & distribution demands.
On the other hand, Itron’s OpenWay Riva IoT solution provides distributed intelligence and computing power in meters and grid devices. The solution also delivers real-time analysis of data and peer-to-peer communication among these devices. In addition, the solution’s adaptive communications technology offers high-performance communication with assured connectivity, using one unified network and communication solution.
Itron Inc. Price
Itron Inc. Price | Itron Inc. Quote
The partnership will enable OpenWay Riva-equipped meters to provide significant improvements in grid reliability, efficiency and safety, as well as a powerful platform to cater new services to customers. This collaboration further validates the value and flexibility of Itron’s OpenWay Riva solution.
Also, Itron’s OpenWay Riva technology incorporation into the Wasion electricity meters will offer highly differentiated capabilities to utilities, along with value for their smart metering projects. These capabilities include high-performance communication and assured connectivity in all types of services environments, as well.
Moreover, Itron remains focused on its ongoing efforts to drive operational improvements as well as product development and supply chain efficiencies across businesses. Looking ahead, the company is confident that investments in its OpenWay Riva IoT solution, alongside differentiated software and services offerings, combined with on-going operational discipline, will drive consistent growth and profitability.
Shares of Itron have outperformed the Zacks categorized Electronics Testing Equipment industry in the past one year. The stock gained a whopping 102.2%, more than the industry’s gain of 36.7%, over the same time frame.
Zacks Rank & Stocks to Consider
Currently, Itron flaunts a Zacks Rank #1 (Strong Buy).
Other similarly-ranked stocks in the same space include Applied Optoelectronics, Inc. (AAOI - Free Report) , ePlus inc. (PLUS - Free Report) and Rogers Corporation (ROG - Free Report) . You can see the complete list of today’s Zacks #1 Rank stocks here.
Applied Optoelectronics has a positive average earnings surprise of 106.74% for the last four quarters. ePlus inc. generated a positive average earnings surprise of 8.30% for the trailing four quarters. Rogers Corporation delivered an average positive earnings surprise of 37.24% over the last four quarters.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>