<SEC-DOCUMENT>0001157523-17-003183.txt : 20171205
<SEC-HEADER>0001157523-17-003183.hdr.sgml : 20171205
<ACCEPTANCE-DATETIME>20171205080039
ACCESSION NUMBER:		0001157523-17-003183
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20171205
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171205
DATE AS OF CHANGE:		20171205

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ITRON INC /WA/
		CENTRAL INDEX KEY:			0000780571
		STANDARD INDUSTRIAL CLASSIFICATION:	INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825]
		IRS NUMBER:				911011792
		STATE OF INCORPORATION:			WA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22418
		FILM NUMBER:		171238664

	BUSINESS ADDRESS:	
		STREET 1:		2111 N MOLTER ROAD
		CITY:			LIBERTY LAKE
		STATE:			WA
		ZIP:			99019
		BUSINESS PHONE:		5099249900

	MAIL ADDRESS:	
		STREET 1:		2111 N MOLTER ROAD
		CITY:			LIBERTY LAKE
		STATE:			WA
		ZIP:			99019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ITRON INC
		DATE OF NAME CHANGE:	19920724
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51724942.htm
<DESCRIPTION>ITRON, INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 12pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Washington,
      D.C. 20549</b></font><br><br>
    </p>
    <hr style="width: 30%; text-align: center; color: #000000; height: 1.0 pt">


    <p style="text-align: center">
      <br>
      <font style="font-size: 18pt; font-family: Times New Roman"><b>FORM 8-K</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font><br><br>
    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="width: 100%; margin-left:auto;margin-right:auto; font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px">
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          &#160;
        </td>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>December 5, 2017</b>
          </p>
        </td>
        <td style="width: 35%">

        </td>
      </tr>
      <tr>
        <td colspan="3" valign="top" style="text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date of Report (Date of Earliest Event Reported)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-align:center">
    <table cellspacing="0" style="width: 100%; margin-left:auto;margin-right:auto; font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td valign="top" style="width: 25%; text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="border-bottom-width: 1.0pt; width: 50%; text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 12pt"><b>ITRON, INC.</b></font>
          </p>
        </td>
        <td style="width: 25%">

        </td>
      </tr>
      <tr>
        <td colspan="3" valign="top" style="text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Exact Name of Registrant as Specified in its Charter)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="width: 95%; margin-left:auto;margin-right:auto; font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px">
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Washington</b>
          </p>
        </td>
        <td style="width: 5%">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-width: 1.0pt; width: 30%; text-align: center; white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>000-22418</b>
          </p>
        </td>
        <td style="width: 5%">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-width: 1.0pt; width: 30%; text-align: center; white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>91-1011792</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="width: 30%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or Other Jurisdiction<br>of Incorporation)
          </p>
        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="width: 30%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission File No.)
          </p>
        </td>
        <td style="width: 5%">

        </td>
        <td valign="bottom" style="width: 30%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (IRS Employer<br>Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="width: 95%; margin-left:auto;margin-right:auto; font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td valign="bottom" style="border-bottom-width: 1.0pt; text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2111 N. Molter Road, Liberty Lake, WA&#160;&#160;99019</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Address of Principal Executive Offices, Zip Code)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="width: 95%; margin-left:auto;margin-right:auto; font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td valign="top" style="border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(509) 924-9900</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Registrant&#8217;s Telephone Number, Including Area Code)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="width: 95%; margin-left:auto;margin-right:auto; font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Former Name or Former Address, if Changed Since Last Report)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p style="text-align: justify">
      Check the appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font><br><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font><br><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font><br><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p style="text-align: justify">
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
      &#167;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR
      &#167;240.12b-2).
    </p>
    <p style="text-align: right">
      Emerging growth company &#9744;
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act. &#9744;<br>
    </p>
    <div style="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
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        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td valign="top" style="width: 8%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Item 8.01</b>
          </p>
        </td>
        <td valign="top" style="width: 92%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Other Events</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td style="width: 92%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td valign="top" style="width: 92%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            On December 5, 2017, Itron, Inc. (the &#8220;Company&#8221;) and Silver Spring
            Networks, Inc. (&#8220;Silver Spring&#8221;) issued a press release (the
            &#8220;Joint Press Release&#8221;) announcing that the waiting period under
            the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as
            amended (the &#8220;HSR Act&#8221;), for the Company&#8217;s previously announced
            pending acquisition of Silver Spring expired without a request for
            additional information by the Federal Trade
            Commission.&#160;&#160;Expiration of the waiting period under the HSR Act
            satisfies one of the conditions to the closing of the acquisition
            as specified in the Agreement and Plan of Merger, dated September
            17, 2017 by and among the Company, Ivory Merger Sub., Inc., a
            wholly-owned subsidiary of the Company, and Silver Spring (the
            &#8220;Merger Agreement&#8221;).
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td style="width: 92%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td valign="top" style="width: 92%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            The closing of the acquisition is subject to Silver Spring
            stockholder approval and the satisfaction of certain other closing
            conditions set forth in the Merger Agreement. A copy of the Joint
            Press Release announcing these events dated December 5, 2017 is
            attached hereto as Exhibit 99.1.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td style="width: 92%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 8%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Item 9.01</b>
          </p>
        </td>
        <td valign="top" style="width: 92%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Financial Statements and Exhibits.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify; margin-left: 30.0px">
      (d)&#160;&#160;Exhibits.
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td valign="top" style="width: 5%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Exhibit
          </p>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td style="width: 93%">

        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-width: 1.0pt; width: 5%; text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Number
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td valign="top" style="border-bottom-width: 1.0pt; width: 93%; text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Description
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 93%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 5%; text-align: left; white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px">
          99.1
        </td>
        <td style="width: 2%">

        </td>
        <td valign="top" style="width: 93%; padding-left: 0.0px">
          Joint Press Release dated December 5, 2017.*
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p style="white-space: nowrap">
      *&#160;&#160;This exhibit is intended to be furnished and shall not be deemed
      &quot;filed&quot; for purposes of the Exchange Act
    </p>
    <div style="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURE</b></font>
    </p>
    <p style="text-align: left">
      Pursuant to the requirements of the Securities Exchange Act of 1934, the
      registrant has duly caused this report to be signed on its behalf by the
      undersigned, hereunto duly authorized.
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 38%">

        </td>
        <td colspan="3" valign="top" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            ITRON, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 38%">

        </td>
        <td style="width: 3%">

        </td>
        <td valign="top" style="width: 3%; text-align: left; padding-left: 0.0px">
          &#160;
        </td>
        <td style="width: 50%">

        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 38%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 3%">

        </td>
        <td valign="top" style="width: 50%; text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 6%; text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dated:
          </p>
        </td>
        <td valign="top" style="width: 38%; text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            December 5, 2017
          </p>
        </td>
        <td valign="top" style="width: 3%; text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            By:
          </p>
        </td>
        <td style="width: 3%">

        </td>
        <td valign="top" style="border-bottom-width: 1.0pt; width: 50%; text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Joan S. Hooper
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 38%">

        </td>
        <td colspan="3" valign="top" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Joan S. Hooper
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 38%">

        </td>
        <td colspan="3" valign="top" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Senior Vice President and Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <br>
      <b>EXHIBIT INDEX</b><br><br>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td valign="top" style="border-bottom-width: 1.0pt; width: 12%; text-align: left; border-bottom-color: black; padding-left: 10.0px; border-bottom-style: solid">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Exhibit<br>Number
          </p>
        </td>
        <td valign="top" style="width: 3%; text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-width: 1.0pt; width: 85%; text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Description
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 12%">

        </td>
        <td style="width: 3%">

        </td>
        <td valign="top" style="width: 85%; text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 12%; text-align: left; white-space: nowrap; padding-right: 0.0px; padding-left: 10.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51724942ex99_1.htm">99.1</a>
          </p>
        </td>
        <td style="width: 3%">

        </td>
        <td valign="top" style="width: 85%; text-align: left; padding-left: 10.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51724942ex99_1.htm">Joint Press Release dated December
            5, 2017.</a>*
          </p>
        </td>
      </tr>
    </table>
    </div>
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      *&#160;&#160;This exhibit is intended to be furnished and shall not be deemed
      &quot;filed&quot; for purposes of the Exchange Act.
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<TYPE>EX-99.1
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<FILENAME>a51724942ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Itron
      Acquisition of Silver Spring Networks Clears Antitrust Review</b></font>
    </p>
    <p>
      LIBERTY LAKE, Wash. &amp; SAN JOSE, Calif.--(BUSINESS WIRE)--December 5,
      2017--Itron, Inc. (NASDAQ: ITRI) and Silver Spring Networks, Inc. (NYSE:
      SSNI) announced today the required waiting period under the
      Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) with
      respect to Itron&#8217;s acquisition of Silver Spring Networks has expired.
    </p>
    <p>
      The expiration of the HSR Act waiting period satisfies one of the
      conditions to the closing of the pending acquisition, which remains
      subject to other customary closing conditions, including the approval of
      Silver Spring&#8217;s stockholders.
    </p>
    <p>
      Both companies expect to close the transaction in early 2018.
    </p>
    <p>
      <b>About Itron</b>
    </p>
    <p>
      Itron is a world-leading technology and services company dedicated to
      the resourceful use of energy and water. We provide comprehensive
      solutions that measure, manage and analyze energy and water. Our broad
      product portfolio includes electricity, gas, water and thermal energy
      measurement devices and control technology; communications systems;
      software; as well as managed and consulting services. With thousands of
      employees supporting nearly 8,000 customers in more than 100 countries,
      Itron applies knowledge and technology to better manage energy and water
      resources. Together, we can create a more resourceful world. Join us: <u>www.itron.com</u>.
    </p>
    <p>
      <b>About Silver Spring Networks</b>
    </p>
    <p>
      Silver Spring Networks enables the Internet of Important Things&#8482; by
      reliably and securely connecting things that matter. Cities, utilities,
      and companies on five continents use the company&#8217;s cost-effective,
      high-performance IoT network and data platform to operate more
      efficiently, get greener, and enable innovative services that can
      improve the lives of millions of people. With more than 27.3 million
      devices delivered, Silver Spring provides a proven standards-based
      platform safeguarded with military grade security. Silver Spring
      Networks&#8217; customers include Baltimore Gas &amp; Electric, CitiPower &amp;
      Powercor, ComEd, Consolidated Edison, CPS Energy, Florida Power &amp; Light,
      Pacific Gas &amp; Electric, Pepco Holdings, and Singapore Power. Silver
      Spring has also deployed networks in Smart Cities including Copenhagen,
      Glasgow, Paris, Providence, and Stockholm. To learn more, visit <u>www.ssni.com</u>.
    </p>
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    </div>
    <p>
      <b>Forward-Looking Statements</b>
    </p>
    <p>
      This release contains forward-looking statements within in the meaning
      of the Private Securities Litigation Reform Act of 1995. These
      statements relate to our expectations about the expected timing of the
      completion of our previously announced pending acquisition of Silver
      Spring Networks. Although we believe the estimates and assumptions upon
      which these forward-looking statements are based are reasonable, any of
      these estimates or assumptions could prove to be inaccurate and the
      forward-looking statements based on these estimates and assumptions
      could be incorrect. Our operations involve risks and uncertainties, many
      of which are outside our control, and any one of which, or a combination
      of which, could materially affect our results of operations and whether
      the forward-looking statements ultimately prove to be correct. Actual
      results and trends in the future may differ materially from those
      suggested or implied by the forward-looking statements depending on a
      variety of factors. Some of the factors that we believe could affect our
      results include our ability to achieve estimated cost savings, the rate
      and timing of customer demand for our products, rescheduling of current
      customer orders, changes in estimated liabilities for product
      warranties, adverse impacts of litigation, changes in laws and
      regulations, our dependence on new product development and intellectual
      property, future acquisitions, changes in estimates for stock-based and
      bonus compensation, increasing volatility in foreign exchange rates,
      international business risks, failure to satisfy conditions to the
      completion of the acquisition of Silver Spring Networks and other
      factors that are more fully described in our Annual Report on Form 10-K
      for the year ended December 31, 2016 and other reports on file with the
      Securities and Exchange Commission. Itron undertakes no obligation to
      update or revise any information in this press release.
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br><b>Itron, Inc.</b><br>Media Contact:<br>Angela Lockwood,
      509-891-3524<br>Director, Global Marketing<br>or<br>Investor Contact:<br>Barbara
      Doyle, 509-891-3443<br>Vice President, Investor Relations<br>or<br><b>Silver
      Spring Networks</b><br>Media Contact:<br>Amy Nunnemacher, 669-770-4183<br>Senior
      Manager, Public Relations<br>or<br>Investor Contact:<br>Mark McKechnie,
      669-770-4664<br>Vice President, Investor Relations
    </p>
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