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4-Traders Homepage  >  Equities  >  Nasdaq  >  Itron, Inc.    ITRI

ITRON, INC. (ITRI)
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Itron : Xage Launches as First and Only Blockchain-Protected Security Platform for the Industrial Internet of Things (IIOT)

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12/15/2017 | 11:34am CET

(GlobeNewswire) - Xage Security launched today as the first and only blockchain-protected security platform for the Industrial Internet of Things (IIOT). Led by a team of security, industrial digitization, and software experts, the company has been operating behind the scenes for the past 18 months, perfecting its technology and securing major customers and partners, including ABB, Dell, and Itron. The company also announced today that former Apple executive and Topsy CEO Duncan Greatwood has joined as CEO.

Industry 4.0 is the story of our time, and the Industrial Internet of Things (IIOT) is the heart of this new era, said Duncan Greatwood, CEO of Xage. Security is the foundation for IIOT, and todays enterprise-IT security models of building walls and patching holes simply dont work for these vast, dynamic networks. Weve created the first solution to provide the necessary trust and integrity for secure distributed interactions at scale.

Xage is the first and only blockchain-protected security platform for the Industrial Internet of Things (IIOT). Xage creates the essential trusted foundation for secure cooperation and data exchange between machines, people, and applications. Xage distributes authentication and private data across the network of devices, creating a tamper-proof fabric for communication, authentication, and trust that assures security at scale. Xage supports any-to-any communication, secures user-based and machine-to-machine access to existing industrial systems, works at the edge even with irregular connectivity, and gets stronger and stronger with every device added to the network.

Xage is working with customers and partners across the utility, transportation, manufacturing and energy industries, with projects spanning distributed command and control, automated device deployment, and authenticated remote data access.

For example, Xage is working with ABB Wireless on power and automation projects requiring distributed security. Xage has also partnered with Dell to deliver its security services on Dell IoT Gateways and the EdgeX platform for the energy-production industry. Additionally, Xage is working with Itron, the leading utility technology solutions company, to enable intelligent power-optimization applications by creating trust and controlling access between smart meters and power distribution infrastructure

"Distributed intelligence at the edge is a core component of Itron`s active grid vision for utilities and smart cities," said Ty Roberts, VP Network Solutions at Itron Inc., "Xage`s decentralized security architecture aligns with our vision by adaptively creating trust and controlling access between data, applications, devices, and users."

About XageThe Xage Security Suite is the first and only blockchain-protected security platform for the Industrial Internet of Things (IIOT). Xage creates the essential trusted foundation for secure interactions between machines, people, and data. Advancing beyond traditional security models, Xage distributes authentication and private data across the network of devices, creating a tamper-proof fabric for communication, authentication and trust that ensures security at scale. Xage supports any-to-any communication, secures access to existing industrial systems, underpins continuous edge-computing operations even in the face of irregular connectivity, and gets stronger and stronger with every device added to the network. Xage customers include leaders in the largest industries, spanning energy, utilities, transportation and manufacturing.

Media ContactLaunchSquad for [email protected]

(c) 2017 Khaleej Times. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 2 003 M
EBIT 2017 166 M
Net income 2017 86,9 M
Debt 2017 138 M
Yield 2017 -
P/E ratio 2017 32,36
P/E ratio 2018 24,77
Capi. / Sales 2017 1,45x
Capi. / Sales 2018 1,29x
Capitalization 2 757 M
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Number of Analysts 9
Average target price 84,3 $
Spread / Average Target 18%
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NameTitle
Philip C. Mezey President, Chief Executive Officer & Director
Lynda L. Ziegler Chairman
Thomas L. Deitrich Chief Operating Officer & Executive Vice President
Joan Schweikart Hooper Chief Financial Officer & Senior Vice President
Chuck McAtee Chief Information Officer
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