Aquana Announces New Remote Shutoff Valve for Water Utilities
12 Juni 2023 - 3:41PM
Business Wire
Economical AVS Valve Approved to Operate
with Itron AMI Networks
Aquana, LLC., a subsidiary of Geospace Technologies (NASDAQ:
GEOS), today announced the release of the latest product in the
Water IoT platform, a new remote shutoff valve known as the
Actuator Valve Serial (AVS). Designed and manufactured in the U.S.,
the Aquana AVS valve is an IP68-rated remote disconnect ball valve
designed to integrate with any existing Advanced Metering
Infrastructure (AMI) platform.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230612078531/en/
Aquana AVS AMI-Ready Water Utility Remote
Shutoff Valve (Photo: Business Wire)
The Aquana AVS provides an affordable solution for water
utilities seeking to incorporate remote water shutoff into their
service territory. The AVS helps improve employee safety while
reducing operating expenses for water utilities by allowing remote
start, stop, or reduced water delivery to specific locations
without sending service personnel to the field.
While universally compatible with existing AMI platforms, the
AVS has been approved for use with Itron’s AMI network and is also
compatible with AMI solutions from other vendors. This eliminates
the need for a separate wireless connection to enable remote
shutoff capabilities.
“Our collaboration with Aquana enhances the value of our
offerings to water utilities with a solution that improves
management of critical water resources,” said Ty Roberts, VP
Product Marketing at Itron, Inc. (NASDAQ: ITRI), which is
innovating the way utilities and cities manage energy and water.
“We are pleased the AVS valve is approved for use with our 100W and
500W ERTs. Itron is privileged to collaborate with Aquana as we
expand our presence in the Smart Water IoT marketplace. As part of
our ecosystem, the AVS’s remote connect/disconnect capabilities can
be deployed to simplify utility operations, and is controlled
directly through our customers’ existing Itron AMI interface.”
“Given the rapid growth in the smart water technology market, we
sought to expand our offerings to include an economical,
simple-to-install valve for municipalities seeking to keep pace
with the smart city movement domestically,” said Steve Askew,
President of Aquana. “By some estimates, 20% to 30% of all water
produced by utilities is non-revenue. Our Aquana AVS helps
utilities quickly respond to leakage events and more quickly
resolve non-payment issues.”
Aquana focused on shorter and easier installation time with the
AVS product. The two-piece design allows for separate installation
of the valve body and the actuator. While the NPSM Swivel Nut
feature supports flexible installation orientation. The AVS offers
up to five different valve positions including open, closed, and up
to three reduced-flow options that utilities can customize to their
needs. AVS includes built-in tamper detection that provides alerts
in case of potential intrusion.
The new AVS product expands the Aquana smart valve portfolio of
products targeted at the water utility market, joining the SV2
Smart Valve. The SV2 offers a fully integrated solution with either
LTE-M cellular or LoRaWAN connectivity, automatic leak detection,
and access to the Aquana Cloud for a full AMI platform including
meter reading, remote connect/disconnect, and billing system
integration.
About Aquana
Aquana’s premier Internet of Things (IoT) platform offers
multifunctional, modular, and enterprise ready solutions serving
the rapidly growing water utility and property management markets.
The Company’s water management solutions deliver remote shutoff
valve control, remote AMI meter reading, as well as leak and burst
protection for multi-family properties, commercial buildings, and
utilities. Aquana combines connected smart valve hardware with
cloud-based software in a Software as a Service (SaaS) recurring
revenue model. Learn more at www.Aquana.com/water-utilities.
About Geospace Technologies
Geospace Technologies is a global technology and instrumentation
manufacturer specializing in vibration sensing and highly
ruggedized products which serve energy, industrial, government and
commercial customers worldwide. The Company’s products blend
engineering expertise with advanced analytic software to optimize
energy exploration, enhance national and homeland security, empower
water utility and property managers, and streamline electronic
printing solutions. With more than four decades of excellence, the
Company’s more than 600 employees across the world are dedicated to
engineering and technical quality. Geospace is traded on the U.S.
NASDAQ stock exchange as GEOS. For more information, visit
www.geospace.com.
About Itron
Itron enables utilities and cities to safely, securely and
reliably deliver critical infrastructure solutions to communities
in more than 100 countries. Our portfolio of smart networks,
software, services, meters and sensors helps our customers better
manage electricity, gas and water resources for the people they
serve. By working with our customers to ensure their success, we
help improve the quality of life, ensure the safety and promote the
well-being of millions of people around the globe. Itron is
dedicated to creating a more resourceful world. Join us:
www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party
trademarks are property of their respective owners and any usage
herein does not suggest or imply any relationship between Itron and
the third party unless expressly stated.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230612078531/en/
Caroline Kempf, ckempf@geospace.com, 321.341.9305
Geospace Technologies (NASDAQ:GEOS)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
Geospace Technologies (NASDAQ:GEOS)
Historical Stock Chart
Von Mai 2023 bis Mai 2024