McKinstry Acquires Itron’s Enterprise Energy Management Software Group

SEATTLE--(BUSINESS WIRE)--McKinstry, one of the nation’s leading energy efficiency companies, announced today that it acquired the Enterprise Energy Management Suite (EEM Suite^TM) software group from long-time partner and Spokane-based utility solutions company Itron Inc. (NASDAQ:ITRI).

“Itron is the world leader in smart grid technology, and with this product suite, McKinstry is now capable of managing the next generation of smart buildings.”

“Acquiring this technology allows us to advance our vision of integrating the smart grid into building systems throughout the country,” said McKinstry CEO, Dean Allen. “Itron is the world leader in smart grid technology, and with this product suite, McKinstry is now capable of managing the next generation of smart buildings.”

EEM Suite is an internet-based application that monitors buildings’ energy and water usage and helps McKinstry find ways to reduce energy costs and green house gas emission. McKinstry has licensed EEM Suite from Itron since 2007 as a part of its facility management offering to clients. Currently McKinstry services and monitors more than 250 million square-feet of building space nationally. Integrating EEM Suite into McKinstry’s existing technology will enable continued product development of the tool. Combined with McKinstry’s market leading Active Energy Management and Performance Assurance solutions, this technology will add greater value to McKinstry’s clients and current EEM customers.

“Smart grid technology is advancing quickly and we are seeing more demand from the utility market for integrated solutions,” said Malcolm Unsworth, Itron president and CEO. “Our principal focus is smart technology from the meter to the grid. At the same time, McKinstry’s focus is bringing smart grid technology inside buildings. We see this as the perfect acquisition for McKinstry and one that will perpetuate our partnership.”

The web-based EEM Suite platform integrates all utility-related data (utility bills, meter data, prices, square footage, peak energy usage times, etc.) enabling McKinstry to proactively manage client’s energy and water usage. This allows clients to make short- and long-term strategic operating decisions that yield a reduction in cost and risk.

EEM Suite currently services a number of federal, state, city, higher education and private customers throughout North America.

About McKinstry

McKinstry is a full-service, design-build-operate-and-maintain (DBOM) firm specializing in consulting, construction, energy and facility services. The firm’s innovative, integrated delivery methodology provides clients with a single point of accountability that drives waste and redundancy out of the design/build process. With over 1,600 professional staff and trades people throughout the United States, and operations in more than 15 states, McKinstry advocates collaborative, sustainable solutions designed to ensure occupant comfort, improve systems efficiency, reduce facility operational costs, and optimize profitability for “The Life Of Your Building.”

For more information, visit www.mckinstry.com.

About Itron

Itron Inc. is a leading technology provider to the global energy and water industries. Our company is the world’s leading provider of intelligent metering, data collection and utility software solutions, with nearly 8,000 utilities worldwide relying on our technology to optimize the delivery and use of energy and water. Our products include electricity, gas, water and heat meters, data collection and communication systems, including automated meter reading (AMR) and advanced metering infrastructure (AMI); meter data management and related software applications; as well as project management, installation, and consulting services. To know more, start here: www.itron.com.

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