Itron ranked 31st in Technology Fast 50 Program for Washington state

LIBERTY LAKE, WA, Oct. 2, 2007 -- Itron Inc. announced today that it has been named to Deloitte's prestigious Technology Fast 50 Program for Washington State, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the region by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations.

Rankings are based on the percentage revenue growth over five years from 2002 to 2006. During that time, Itron had a growth rate of 126 percent.

"Itron is honored to be included in this distinguished group," said LeRoy Nosbaum, Itron chairman and CEO. "We have worked hard to achieve this level of growth and we appreciate being recognized for that achievement by such prominent firms."

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.

"Deloitte's Washington State Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Larry Hile, a partner with Deloitte & Touche LLP in Seattle. "We applaud the successes of Itron and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years. Itron has proven to be one of the fast-growth success stories in Washington."

Companies from the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

This year's Washington State Technology Fast 50 program is co-presented by Deloitte & Touche USA LLP and Perkins Coie, Citibank, AH&T Insurance and the Puget Sound Business Journal.

Itron is a leading technology provider and critical source of knowledge to the global energy and water industries.

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates.

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