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LIBERTY LAKE, Wash. - Itron, Inc. (NASDAQ:ITRI), a $6 billion market cap technology company with "GREAT" financial health according to InvestingPro analysis, announced Thursday it is collaborating with Gordian Technologies to integrate artificial intelligence and machine learning capabilities into its Grid Edge Intelligence portfolio.
The partnership will allow utilities to leverage AI technology at the grid edge to improve grid resilience, disaster management, and operational efficiency. According to the announcement, the combined platforms can detect, analyze and classify millions of data events within milliseconds. This strategic move builds on Itron’s solid financial foundation, with $2.4 billion in revenue and a healthy current ratio of 2.04, indicating strong operational capacity.
Gordian’s software will be available later this year through Itron’s Distributed Intelligence Developer Program, enabling app developers to create solutions for utilities addressing challenges such as electric vehicle connection detection and arc flash detection. With earnings per share of $5.85 and trading near its 52-week high, Itron demonstrates strong market momentum. Discover more detailed insights and 8 additional key indicators with InvestingPro’s comprehensive research report.
"Our vision with Gordian is to apply AI and ML across the grid edge to unlock new levels of intelligence and responsiveness for utilities," said Don Reeves, senior vice president of Outcomes at Itron. The company’s next earnings announcement is scheduled for October 30, 2025, which could provide further insights into the impact of this strategic initiative.
Itron plans to initially apply Gordian’s technology to enhance its anomaly detection and classification solution, using machine learning algorithms to classify anomalies for field investigation.
Shekar Mantha, Gordian’s Co-Founder and Chief Technology Officer, stated that the integration enables "utilities to unlock real-time insights, improve grid reliability and respond faster to emerging challenges."
Gordian Technologies specializes in edge-AI inference platforms designed to run complex neural networks on resource-constrained devices such as electric power meters.
The announcement was made in a press release issued by Itron.
In other recent news, Itron Inc. reported its second-quarter 2025 earnings, highlighting record cash flow and margin growth. Despite a slight dip in revenue compared to the previous year, the company achieved a significant year-over-year increase in non-GAAP earnings per share. These financial metrics indicate robust performance, with Itron reaching a record high in free cash flow and gross margin. In addition to financial results, Itron announced the launch of its Gen6 network platform and an updated UtilityIQ application suite. This new platform aims to expand connectivity options for utilities managing energy and water resources, incorporating cellular connectivity and mesh networking capabilities. The system also features new battery-powered mesh technology specifically designed for gas and water devices. These developments reflect Itron’s ongoing efforts to enhance utility connectivity and interoperability.
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