Itron, Inc. (NASDAQ:ITRI), announced today that it was added to the U.S. large-cap Russell 1000 Index after the equity markets closed on June 27 as Russell Investments reconstituted its comprehensive family of global indexes. Membership in the Russell 1000, which remains in place for one year, is based on membership in the broad-market Russell 3000 Index. The stock also was automatically added to the appropriate growth and value indexes.
“The addition of Itron to the Russell 1000 and the Russell Mid-Cap Index is a milestone for us and is a reflection of our stock performance and investor support,” said LeRoy Nosbaum, chairman and CEO. “We are honored to be included among the well respected companies in these indexes.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $4.4 trillion in assets currently are benchmarked to them.
About Itron:
Itron is a leading technology provider and critical source of knowledge to the global energy and water industries. Itron operates in two divisions; as Itron in North America and as Actaris outside of North America. Our company is the world’s leading provider of metering, data collection and software solutions, with nearly 8,000 utilities worldwide relying on our technology to optimize the delivery and use of energy and water. Itron delivers industry leading solutions for electricity, gas and water utilities by offering meters; data collection and communication systems, including automated meter reading (AMR) and advanced metering infrastructure (AMI); meter data management and utility software applications; as well as comprehensive project management, installation and consulting services. To know more, start here: www.itron.com.
Contacts:
Deloris Duquette, 509-891-3523
Vice President,
Investor Relations and
Corporate Communications
deloris.duquette@itron.com
