Servatron Signs Comprehensive Agreement with Itron

SPOKANE, WA – April 10, 2006 – Servatron Inc, a leading provider of electronic manufacturing services (EMS) today announced that it has entered into an agreement with Itron Inc (NASDAQ: ITRI) to continue the manufacturing and service of Itron products and will lease additional space out of Itron’s Spokane Valley headquarter building. In addition, Servatron has repurchased the minority ownership stake that Itron held in Servatron.

The manufacturing and service agreement between the companies calls for Servatron to provide manufacturing and service on a number of current and future Itron products. The contracted services include turnkey materials procurement, manufacturing, testing, shipping, and depot repair service on Itron products. The agreements are five years in length.

“We’ve come full circle with Itron by signing this agreement,” said Tod Byers, Servatron’s president. “Itron gave us the opportunity to create this company locally, when they could have sold it to another entity outside of the region. This agreement shows the faith that Itron continues to place in Servatron to build and support their products for the long term.”

Steve Helmbrecht, Itron senior vice president and chief financial officer, said the agreement between Itron and Servatron is a big win for the local economy.

“We retain jobs in the Spokane region, which continues to pump money into the local economy,” Helmbrecht said. “Everyone gains here—Itron leases out additional space in its current headquarter building to Servatron, which allows them to continue to grow. We’ve worked together for the past six years, and this agreement assures that we will continue to work well together in the future.”

The long term lease agreement allows Servatron to occupy an additional 30,000 square feet of current Itron space, more than doubling Servatron current space within the facility. Itron is moving to a new facility in Liberty Lake.

“Obtaining this additional space from Itron will allow Servatron to gain synergy from consolidation of all operations into one facility and provide ample growth space for new and future customers and their products,” said Keith Swenson, Servatron’s vice president of Engineering.

About Servatron Inc:
Servatron is a full service electronic manufacturing service (EMS) provider located in Spokane Valley, Washington. Founded in May of 2000, Servatron is recognized as a leading manufacturer and depot repair provider of high mix, medium volume products throughout the Western U.S. Servatron is certified to the ISO 9001:2000 standard. www.servatron.com.

About Itron:
Itron is a leading technology provider and critical source of knowledge to the global energy and water industries. Nearly 3,000 utilities worldwide rely on Itron’s technology to provide the knowledge they require to optimize the delivery and use of energy and water. Itron creates value for its clients by providing industry-leading solutions for electricity metering; meter data collection; energy information management; demand response; load forecasting, analysis and consulting services; distribution system design and optimization; web-based workforce automation; and enterprise and residential energy management. To know more, start here: www.itron.com.

For additional information, contact:

Tom Vietri
Servatron Inc.
Sales and Marketing Manager
(509) 321-9586
Tom. Vietri@servatron.com

Christina Kelly
Itron, Inc.
Marketing/Communications Specialist
(509) 891-3268
christina. kelly@itron.com