ZAGREB and LIBERTY LAKE, Wash. — Oct. 3, 2025 — AdriNet d.o.o. and Itron, Inc. (NASDAQ: ITRI), a global leader in grid edge intelligence that is innovating new ways for utilities and cities to better manage energy and water, have signed a strategic agreement for AdriNet to join the Itron Engage Sales Channel Partner Program, becoming an authorized channel partner in Albania, Croatia, Kosovo, Montenegro, North Macedonia and Serbia.

AdriNet joins a team of more than 250 sales channel partners worldwide in the Itron Engage Program committed to working together to leverage shared innovation, creativity and expertise to solve customers’ challenges and drive collective success in the process. Itron is a world-leading provider of intelligent infrastructure solutions that operates globally with over 8.000 customers in more than 100 countries. As a pioneer in smart grid technologies, Itron enables the digital transformation of the utility sector by integrating devices, data and management systems.

Itron’s key product portfolio includes smart endpoints, communication networks, data platforms, analytics and managed services, including advanced smart city services for managing public lighting and city infrastructure.

Itron industrial IoT-based solutions help cities and utilities by connecting people, devices and data to improve the reliability and sustainability of their services. With over 280 million communication devices delivered worldwide and more than 100 million connected endpoints under management, Itron continuously demonstrates innovation, reliability and experience in practice.

Collaboration with AdriNet covers the distribution and installation of a wide range of Itron's technological solutions for the water industry, including smart water meters, sensors and devices, automated meter reading (AMR) and advanced metering infrastructure (AMI). The portfolio for smart water management includes complete systems like Itron’s Temetra meter data management and collection solution, which enables remote water meter reading, real-time consumption analysis and end-device management through an intuitive interface. Thanks to advanced analytics, the platform allows users to quickly detect irregularities, actively reduce water losses and increase operational efficiency.

“This new collaboration with a leading provider of intelligent utility infrastructure opens the door for AdriNet to deliver top technologies for water resource management. Our mission is to bring utility companies and integrators in the Adriatic region closer to utilizing innovative technologies for digital management of water utility infrastructure and reduction of water losses”, stated Ivana Janković Šafarić, CEO of AdriNet d.o.o.  “The collaboration with Itron represents a logical step for AdriNet towards building a portfolio of top-notch products and systems for digitalization that harness the benefits brought by IoT technologies.”

Itron also expressed satisfaction with the new collaboration. “We are delighted to welcome AdriNet to as an Itron Engage channel partner for the Adriatic region,” said Garry Cox, Itron's vice president of sales, EMEA. “AdriNet’s commitment to innovation and local expertise aligns perfectly with Itron’s vision for smarter water management and sustainable urban development. Together, we look forward to empowering utilities and communities with advanced IoT solutions that drive efficiency, resilience and resource stewardship across the region.”

Itron is a global company with over 5.000 employees and an ecosystem of 250 partners. The company’s commitment to high-quality products and local presence is confirmed by their strong representation in Europe where Itron has three factories - in France, Germany and Italy, which also ensures a fast and reliable support for AdriNet as a channel partner.

By signing the agreement for distribution of Itron's solutions, AdriNet consistently follows its strategy to play a leading role in introducing advanced communication solutions for the digitalization of water infrastructure and city services in the local market. With synergy recognized in the compatible business visions and market development directions of both companies, the idea behind this partnership is to strengthen local integrators and utility companies in the Adriatic region for future challenges, by providing a value-added distribution and complete end-to-end services.

About AdriNet:
AdriNet is a company specialized in the value-added distribution of advanced communication technologies throughout the Adriatic region. By representing and distributing communication solutions from leading global manufacturers, AdriNet offers its partners the best solutions available on the market together with complete services portfolio. AdriNet is recognized on the market as a distributor of high-quality wireless communication solutions, while the application of IoT technologies and advanced tools for digitizing the operations of cities and utilities represent a very important part of the AdriNet portfolio.  www.adrinet.hr

Forward-Looking Statements:
This press release may contain forward-looking statements regarding future events, expectations, or performance of Itron and AdriNet. These statements are based on current assumptions and expectations and involve risks and uncertainties that could cause actual results to differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Itron undertakes no obligation to update or revise any forward-looking statements.