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Echelon Corporation (ELON) Has the Connections

Headquartered in San Jose, California, Echelon Corporation (ELON) is a networking company that provides products and systems that connect everyday devices in utility, industrial, transportation, and home and building control systems. These connections can monitor and lower energy usage, as well as lower costs, improve productivity, and enhance service, quality, safety, and convenience. As part of the Networking and Communications Devices Industry, Echelon Corporation trades on the NASDAQ.

In use globally today are tens of millions of smart devices based on Echelon’s LonWorks® products and Networked Energy Services (NES) systems. Echelon invented modern control networks with the introduction of their LonWorks® platform twenty years ago. These networks are collections of smart devices that work together to sense, monitor, and control. Today, the company’s control systems find themselves in diverse locations such as The Louvre, New York City’s subway trains, Tokyo’s Ropponghi Hills, Seoul’s World Cup football stadium, Ariston Digital washing machines, The Goddard Space Flight Center’s Shuttle building, and in more than 27 million smart electricity meters in Italy.

New and emerging markets are now using Echelon technology for smart street lighting systems, and smart electricity grids. Their technology is also finding use in energy-aware products, homes, and buildings. Echelon operates their business from their main headquarters as well as from offices in China, France, Germany, Japan, Korea, the Netherlands, and the United Kingdom. Over 40 distributors sell the company’s products in more than 20 countries. Echelon also operates their corporate, Chinese, Japanese, and German websites.

Echelon’s LonWorks® system consists of system and networking infrastructure products that add intelligence and connectivity to everyday devices such as air conditioners, electricity meters, light switches, thermostats, and valves. Their Networked Energy Services (NES) systems consist of smart electricity meters, data concentrators, and system software. Utilities use these to provide next-generation metering to consumers, optimize grids, improve operational efficiency, and deliver multiple services.

This month the company announced that the Danish utility SEAS-NVE has awarded an advanced metering infrastructure project to Echelon Networked Energy Services (NES) value-added reseller partner Eltel Networks A/S, with meter data management system (MDMS) and enterprise software tools from NES VAR partner Görlitz AG. Eltel will deploy NES advanced metering infrastructure to approximately 390,000 SEAS-NVE customers. Echelon expects revenue over the life of the project to be approximately $40 million. The company also announced this month that HCL Infosystems Limited has become a value-added reseller (VAR) of Echelon’s Networked Energy Services (NES) advanced metering system in India. HCL Infosystems is India’s leading information and communication technologies system integrator, specializing in infrastructure projects, including power and utility systems.

Echelon Corporation continues to make connections for different companies and institutions so they can operate efficiently. They constantly seek new ways to apply their smart device networks to suit their customers’ needs. They hope to be making these, and new connections, for increased shareholder value for a long time.

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