<SEC-DOCUMENT>0001157523-17-003212.txt : 20171208
<SEC-HEADER>0001157523-17-003212.hdr.sgml : 20171208
<ACCEPTANCE-DATETIME>20171208160534
ACCESSION NUMBER:		0001157523-17-003212
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20171208
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171208
DATE AS OF CHANGE:		20171208

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:		171247173

	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>a51727540.htm
<DESCRIPTION>ITRON, INC. 8-K
<TEXT>
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      <font style="font-size: 12pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-size: 12pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-size: 12pt; font-family: Times New Roman"><b>Washington,
      D.C. 20549</b></font><br><br>
    </p>
    <hr style="color: #000000; width: 30%; text-align: center; 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>
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          &#160;
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>December 8, 2017</b>
          </p>
        </td>
        <td style="width: 35%">

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

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

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

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

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

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

    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; margin-left:auto;margin-right:auto; width: 95%" cellspacing="0">
      <tr>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(509) 924-9900</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 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 style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; margin-left:auto;margin-right:auto; width: 95%" cellspacing="0">
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          &#160;
        </td>
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      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 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: left">
      Emerging growth company <font style="font-size: 10pt">&#9744;</font>
    </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. <font style="font-size: 10pt">&#9744;</font><br>
    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

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

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          <hr style="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
    <p style="text-align: justify">

    </p>
    <p style="text-align: justify">
      <b>Item 8.01&#160;&#160;&#160;&#160;Other Events</b>
    </p>
    <p style="text-align: justify">
      On December 8, 2017, Itron, Inc. (&#8220;Itron&#8221;) issued a press release
      announcing the pricing of the previously announced private offering of
      $300 million aggregate principal amount of 5.000% senior notes due 2026
      (the &#8220;Notes&#8221;). The offering of the Notes is part of the financing of the
      merger consideration for the previously announced acquisition of Silver
      Spring Networks, Inc. (&#8220;SSNI&#8221;) by Itron. The Notes will be jointly and
      severally guaranteed by each of Itron&#8217;s subsidiaries that guarantees
      Itron&#8217;s obligations under its senior credit facilities. On the date the
      Notes are issued, there will be no guarantors. A copy of the press
      release is attached hereto as Exhibit 99.1. The Notes and the related
      guarantees will not be registered under the Securities Act, or the
      securities laws of any state or other jurisdiction, and, unless so
      registered, may not be offered or sold in the United States absent
      registration or an applicable exemption from registration requirements.
    </p>
    <p style="text-align: justify">
      This report does not constitute an offer to sell, or a solicitation of
      an offer to buy, any security. No offer, solicitation, or sale will be
      made in any jurisdiction in which such an offer, solicitation, or sale
      would be unlawful.
    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p style="white-space: nowrap; text-align: justify">
      (d)&#160;&#160;&#160;&#160;&#160;Exhibits.
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 5.0px; text-align: left; border-bottom-style: solid; width: 11%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Exhibit<br>Number
          </p>
        </td>
        <td style="width: 1%">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 5.0px; text-align: left; border-bottom-style: solid; width: 88%" valign="bottom">
          Description
        </td>
      </tr>
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        <td style="width: 11%">

        </td>
        <td style="width: 1%">

        </td>
        <td style="width: 88%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-left: 10.0px; text-align: left; padding-right: 0.0px; width: 11%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            99.1
          </p>
        </td>
        <td style="width: 1%">

        </td>
        <td style="padding-left: 5.0px; text-align: left; width: 88%" valign="top">
          Press Released dated December 8, 2017*
        </td>
      </tr>
      <tr>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="3">
          * This exhibit is intended to be furnished and shall not be deemed
          filed for purposes of the Exchange Act.
        </td>
      </tr>
    </table>
    </div>
    <p>
      This report may contain &#8220;forward-looking&#8221; statements, as defined in
      federal securities laws including the Private Securities Litigation
      Reform Act of 1995, which are based on our current expectations,
      estimates, forecasts and projections.&#160;&#160;Statements that are not
      historical facts, including statements about beliefs, plans and
      expectations are forward-looking statements.&#160;&#160;Statements that include
      words such as &#8220;anticipates&#8221;, &#8220;expects&#8221;, &#8220;intends&#8221;, &#8220;plans&#8221;, &#8220;predicts&#8221;,
      &#8220;believes&#8221;, &#8220;seeks&#8221;, &#8220;estimates&#8221;, &#8220;may&#8221;, &#8220;will&#8221;, &#8220;should&#8221;, &#8220;would&#8221;,
      &#8220;potential&#8221;, &#8220;continue&#8221;, &#8220;goals&#8221;, &#8220;targets&#8221; and variations of these
      words (or negatives of these words) or similar expressions of a future
      or forward-looking nature identify forward-looking statements.&#160;&#160;In
      addition, any statements that refer to projections or other
      characterizations of future events or circumstances, including any
      underlying assumptions are forward-looking statements.&#160;&#160;Forward-looking
      statements are based on current expectations and are subject to a number
      of risks, factors and uncertainties that could cause actual results to
      differ materially from those described in the forward-looking
      statements.&#160;&#160;Important factors and uncertainties that could cause actual
      results to differ materially from those described in these
      forward-looking statements include, without limitation: the risk that
      SSNI&#8217;s stockholders do not approve the transaction; uncertainties as to
      the timing of the transaction; the parties&#8217; ability to meet expectations
      regarding the timing, completion and accounting and tax treatments of
      the merger; the impact of indebtedness incurred by Itron in connection
      with the transaction and the potential impact on the rating of
      indebtedness of Itron; legal proceedings that may be instituted against
      Itron or SSNI and others following announcement of the proposed
      transaction; the effects of the business combination of Itron and SSNI,
      including the combined company&#8217;s future financial condition, operating
      results, strategy and plans.
    </p>
    <p>

    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <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="color: black; height: 1.5pt">

        </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 style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 44%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            ITRON, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 44%">

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

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

        </td>
      </tr>
      <tr>
        <td style="width: 44%">

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 50%" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; width: 44%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Dated: December 8, 2017
          </p>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; width: 3%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            By:
          </p>
        </td>
        <td style="width: 3%">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Shannon M. Votava
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 44%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 3%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 3%">

        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Shannon M. Votava
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 44%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 3%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 3%">

        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Senior Vice President, General Counsel and Corporate Secretary
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <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="color: black; height: 1.5pt">

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

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

    </p>
    <p style="text-align: center">
      <b>EXHIBIT INDEX</b><br><br>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 10.0px; text-align: left; border-bottom-style: solid; width: 11%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Exhibit<br>Number
          </p>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; width: 1%" valign="top">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 5.0px; text-align: left; border-bottom-style: solid; width: 88%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Description
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 11%">

        </td>
        <td style="width: 1%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 88%" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-left: 10.0px; text-align: left; padding-right: 0.0px; width: 11%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51727540ex99_1.htm">99.1</a>
          </p>
        </td>
        <td style="width: 1%">

        </td>
        <td style="padding-left: 10.0px; text-align: left; width: 88%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51727540ex99_1.htm">Press release dated December 8,
            2017.*</a>
          </p>
        </td>
      </tr>
    </table>
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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
<SEQUENCE>2
<FILENAME>a51727540ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Itron,
      Inc. Prices Offering of $300 Million of 5.000% Senior Notes Due 2026</b></font>
    </p>
    <p>
      LIBERTY LAKE, Wash.--(BUSINESS WIRE)--December 8, 2017--Itron, Inc.
      (Nasdaq: ITRI) (the &#8220;Company&#8221;) today announced the pricing of the
      previously announced private offering of $300 million aggregate
      principal amount of 5.000% senior notes due 2026 (the &#8220;Notes&#8221;). The
      offering of the Notes is part of the financing of the merger
      consideration for the previously announced acquisition of Silver Spring
      Networks, Inc. (&#8220;Silver Spring&#8221;) by the Company (the &#8220;Silver Spring
      Acquisition&#8221;). At the closing of the Silver Spring Acquisition, Silver
      Spring will become a wholly-owned subsidiary of the Company.
    </p>
    <p>
      The Company intends to use the net proceeds from the offering of the
      Notes, together with cash on hand and borrowings under the Company&#8217;s
      senior credit facilities, to fund the merger consideration of the Silver
      Spring Acquisition, refinance existing Company indebtedness and Silver
      Spring indebtedness and pay fees and expenses in connection with the
      foregoing.
    </p>
    <p>
      The Notes will be offered in the United States to qualified
      institutional buyers under Rule&#160;144A under the Securities Act of 1933,
      as amended (the &#8220;Securities Act&#8221;), and to persons outside the United
      States under Regulation&#160;S under the Securities Act. The Notes and, from
      and after the closing of the Silver Spring Acquisition, the related
      guarantees will not be registered under the Securities Act, or the
      securities laws of any state or other jurisdiction, and, unless so
      registered, may not be offered or sold in the United States absent
      registration or an applicable exemption from registration requirements.
    </p>
    <p>
      This press release is for informational purposes only and is neither an
      offer to buy or sell nor a solicitation of an offer to buy or sell the
      securities described herein. There shall not be any sale of these
      securities in any state or other jurisdiction in which such offer,
      solicitation or sale would be unlawful prior to registration or
      qualification under the securities laws of any such jurisdiction.
    </p>
    <p>
      <b>No Offer or Solicitation</b>
    </p>
    <p>
      This communication is neither an offer to sell, nor a solicitation of an
      offer to buy any securities, the solicitation of any vote or approval in
      any jurisdiction pursuant to or in connection with the proposed
      transaction or otherwise, nor shall there be any sale, issuance or
      transfer of securities in any jurisdiction in contravention of
      applicable law. No offer of securities shall be made except by means of
      a prospectus meeting the requirements of Section&#160;10 of the Securities
      Act and otherwise in accordance with applicable law.
    </p>
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    <p>
      <b>Forward-Looking Statements</b>
    </p>
    <p>
      This communication may contain &#8220;forward-looking&#8221; statements, as defined
      in federal securities laws including the Private Securities Litigation
      Reform Act of 1995, which are based on our current expectations,
      estimates, forecasts and projections. Statements that are not historical
      facts, including statements about beliefs, plans and expectations, are
      forward-looking statements. Statements that include words such as
      &#8220;anticipates,&#8221; &#8220;expects,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;predicts,&#8221; &#8220;believes,&#8221;
      &#8220;seeks,&#8221; &#8220;estimates,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;would,&#8221; &#8220;potential,&#8221;
      &#8220;continue,&#8221; &#8220;goals,&#8221; &#8220;targets&#8221; and variations of these words (or
      negatives of these words) or similar expressions of a future or
      forward-looking nature identify forward-looking statements. In addition,
      any statements that refer to projections or other characterizations of
      future events or circumstances, including any underlying assumptions,
      are forward-looking statements. Forward-looking statements are based on
      current expectations and are subject to a number of risks, factors and
      uncertainties that could cause actual results to differ materially from
      those described in the forward-looking statements. Important factors and
      uncertainties that could cause actual results to differ materially from
      those described in these forward-looking statements include, without
      limitation: the risk that Silver Spring&#8217;s stockholders do not approve
      the transaction; uncertainties as to the timing of the transaction; the
      parties&#8217; ability to meet expectations regarding the timing, completion
      and accounting and tax treatments of the merger; the impact of
      indebtedness incurred by Itron in connection with the transaction and
      the potential impact on the rating of indebtedness of Itron; legal
      proceedings that may be instituted against Itron or Silver Spring and
      others following announcement of the proposed transaction; the effects
      of the business combination of Itron and Silver Spring, including the
      combined company&#8217;s future financial condition, operating results,
      strategy and plans.
    </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>
      Itron&#174; is a registered trademark of Itron, Inc. All third-party
      trademarks are property of their respective owners and any usage herein
      does not suggest or imply any relationship between Itron and the third
      party unless expressly stated.
    </p>
    <p>
      CONTACT:<br><b>Itron, Inc.</b><br>Barbara Doyle, 509-891-3443<br>Vice
      President, Investor Relations<br><u>barbara.doyle@itron.com</u><br>or<br>Rebecca
      Hussey, 509-891-3574<br>Program Manager, Investor Relations<br><u>rebecca.hussey@itron.com</u>
    </p>
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