Industry Leaders Highlight 20 Years of Innovation at Echelon Anniversary Event
SAN JOSE, Calif., May 14, 2008 (BUSINESS WIRE) -- Echelon Corporation (NASDAQ:ELON) celebrated its twentieth
anniversary yesterday at a briefing for press, analysts and partners.
Speakers at the event included A.C. "Mike" Markkula, Echelon's founder
and a co-founder of Apple, Inc.; Scott McNealy, Sun Microsystem's
co-founder and chairman; Jim Rogers, Duke Energy's CEO, and Ken
Oshman, Echelon's chairman and CEO.
Mike Markkula opened the celebration with a brief history of the
vision that prompted the founding of Echelon and how that vision has
moved to reality. "Twenty years ago I founded Echelon with the simple
idea that if tiny computers could be embedded all around us,
monitoring and sensing their local environment and communicating that
information with others of their kind, we could transform industries.
We saw a world of smart buildings, factories, homes, and utility
networks that used our technology to run more efficiently; lower
costs; and improve quality, productivity and comfort. It took a
tremendous amount of invention and innovation to bring that idea to
reality - a reality that has exceeded my imagination. Today there are
devices around the world networked with our technology, bringing
intelligence to the infrastructure all around us and driving change
across these industries and more."
According to Jim Rogers, CEO of Duke Energy, "We believe that we
have a responsibility as a utility to drive change in the electric
utility market -- a market that has rightly been called 'glacial' when
describing the rate at which we innovate and adopt new technologies.
Our Utility of the Future and Save-A-Watt programs are integral to our
vision of embracing the latest and most reliable networking
technologies to bring about a new age in electricity delivery,
distribution, and management -- one that is driven by knowledgeable
consumers, customer-service and energy efficiency. Echelon plays an
integral role in enabling that vision and in supplying us with the
open, reliable networking infrastructure necessary for the success of
both programs."
"We founded Sun Microsystems 26 years ago with the slogan 'The
Network is the Computer,'" said Sun chairman Scott McNealy. "Long
before the Internet became a household word we understood the power
that networks would bring to computing and the way they would
transform not just our industry, but all industries. Echelon builds on
that vision, further extending the reach of networks beyond computers
into every device with an electronic heartbeat. And, just as computing
networks have transformed business, these new networks that connect
the world around us will transform industries. After twenty years, I
think we're just at the beginning of the revolution -- one that can
deliver worldwide benefits in reduced energy consumption, better
lifestyles, and healthier environments."
Ken Oshman, Echelon's chairman and CEO, summarized the morning's
events, "As proud as I am of all that Echelon and its customers have
accomplished over the past twenty years, I am even more excited about
the opportunities looking forward. As energy costs continue to rise,
and as concerns about the impact of global warming and carbon dioxide
emissions grow, consumers, businesses, and governments are
increasingly asking what they can do -- and finding that Echelon, and
our partners, provide products that are part of the solution. Today,
the demand for energy has made it obvious that efficiency is the best,
most accessible, and lowest cost alternative fuel in existence, and we
believe Echelon is at the forefront in delivering the technology to
make the world a more energy efficient, cleaner, and better place."
About Echelon Corporation
Echelon Corporation (NASDAQ:ELON) is a networking company that
provides products and systems that can monitor and save energy; lower
costs; improve productivity; and enhance service, quality, safety, and
convenience by connecting everyday devices in utility, buildings,
industrial, transportation, and home control systems. Tens of millions
of smart devices based on Echelon's LonWorks(R) products and Networked
Energy Services (NES) systems are used around the world today,
bringing benefits to consumers and industry. More information about
Echelon can be found at http://www.echelon.com.
Echelon, LonWorks and the Echelon logo are registered trademarks
of Echelon Corporation registered in the United States and other
countries. Other product or service names mentioned herein are the
trademarks of their respective owners.
This press release may contain statements relating to future
plans, events or performance, including statements regarding Echelon's
business or market direction. Such statements may involve risks and
uncertainties, including risks associated with the use of Echelon
products in Duke's projects; risk associated with the ability of
Echelon's products, alone or in combination with others, to reduce
energy consumption, lower costs and promote efficient and otherwise
perform as designed; and other risks identified in Echelon's SEC
filings. Actual results, events and performance may differ materially.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof.
Echelon undertakes no obligation to release publicly the result of any
revisions to these forward-looking statements that may be made to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.
SOURCE: Echelon Corporation
Echelon Corporation Julia O'Shaughnessy, +1-408-938-5357 julia@echelon.com or Atomic Public Relations Allyson Stinchfield, +1-415-402-0230 allyson@atomicpr.com
Copyright Business Wire 2008


