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Itron (ITRI) is a one of the largest Advanced Metering Infrastructure (AMI) providers in the world and supplied almost half a million smart meters to customers worldwide. The company serves the electricity, natural gas and water markets by providing the measurement and control solutions both in terms of hardware and software. The company's revenues jumped in 2006 as USA utilities started to adopt AMI to lower operational costs of measuring resource consumption at consumer locations and improve utilization through analysis of the data. However, after the initial spurt, the market in the USA has matured and the growth rate in smart meter supply has slowed down. Smart meters are also facing increased competition from players such as...

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