Itron Completes Technology Transfer To Sui Southern Gas Company In Pakistan
Portfolio Pulse from Happy Mohamed
Itron, Inc. (NASDAQ:ITRI) has completed a technology transfer to Sui Southern Gas Company Limited (SSGC) in Pakistan, enabling SSGC to localize manufacturing of the Gallus G4 residential gas meter. The collaboration between Itron and SSGC dates back over 30 years and has led to local production of parts and assembly of various models of domestic gas meters. The Gallus G4 meter can be equipped with communication technology for remote meter reading, potentially optimizing operations and reducing losses.
August 08, 2023 | 12:59 pm
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Itron's technology transfer to SSGC could potentially open up new technological advancements and optimize operations, which could positively impact Itron's business.
The technology transfer allows SSGC to manufacture parts of the Gallus meter locally, which could lead to increased demand for Itron's products and services. Additionally, the Gallus G4 meter's potential for remote meter reading could lead to optimized operations and reduced losses, which could positively impact Itron's business.
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