Tantalus Extends ERT License Agreement with Itron

Executive Summary

• Tantalus Systems announced the extension of its license agreement with Itron, Inc., granting continued rights to read and deliver full Encoder Receiver Transmitter (ERT) messaging across its TRUConnect™ AMI platform.
• The extended agreement enables utilities to leverage legacy ERT devices—including Advanced SCM+ and Network Interval Messaging (NIM)—within Tantalus’ modern data‑centric grid modernization solution, preserving existing infrastructure investments.
• By supporting full ERT compatibility, the deal positions Tantalus as the sole provider licensed to deliver complete ERT messaging, enhancing utility operational intelligence, billing accuracy, and grid resilience.

Key Details

• Agreement Scope: Extension of license to read Itron communications technologies used in early AMR systems and legacy AMI deployments (Advanced SCM+ messaging, Enhanced Fixed Network functionality, NIM).
• Device Coverage: Includes Itron 60, 100, R300, R400, 500 Series electric, water, gas ERTs, Bridge Meters, and Intelis gas meters—over 80 million devices deployed in North America.
• Platform Integration: Compatibility with Tantalus’ TRUConnect™ AMI Platform (part of the TGMP™) and TRUScan™ solution for automatic fixed‑network data collection.
• Operational Benefits:
• Hourly aligned interval readings & tamper notifications via NIM.
• Advanced consumption analysis, customer presentment, loss/leak detection through SCM+ messaging.
• Seamless import of ERT reads into utility billing systems via Itron’s Field Collection System (FCS).
• Strategic Impact: Allows utilities to modernize grids without stranding capital‑intensive ERT assets, maintaining Itron warranties and preserving long‑term asset value.
• Quote: “Extending this license agreement reflects the shared commitment between Tantalus and Itron to support utilities' evolving needs for interoperability, efficiency and financial flexibility,” said Peter Londa, President and CEO of Tantalus.

Notable Quotes

“Across North America, utilities are navigating how to modernize aging infrastructure while managing cost constraints… By accessing the complete ERT message across Tantalum’s TRUConnect AMI offering, we are helping utilities unlock greater operational intelligence at lower risk and lower overall cost with a data‑centric approach to AMI.” – Peter Londa, President & CEO

Materiality Assessment: Material – Positive (the extension materially enhances Tantalus’ product offering and market positioning.)