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Echelon Expands its Industry-leading Grid Modernization Portfolio For New MarketsSAN JOSE, Calif., June 4, 2013 /PRNewswire via COMTEX/ -- Echelon Corporation (NASDAQ: ELON), the world's leading control networking platform provider, announced that it has added new products to its Grid Modernization portfolio designed specifically for delta-wired distribution networks. Echelon now has a full suite of products available for utilities, in Norway and other countries, that offers more deployment options and supports governmental mandates for smart grids and smart metering. These new Echelon devices are based on the Open Smart Grid Protocol (OSGP), which is one of the leading open-standard protocol for smart grids in Europe. Echelon's proven, open standard, and multi-use smart grid products for delta networks, which deliver Networked Energy Services (NES) capabilities, now include: -- MTR 1020 Delta Single Phase Smart Meter/Sensor -- MTR 3020 Delta Poly Phase Smart Meter/Sensor -- MTR 3520 Delta CT Smart Meter/Sensor -- DCN 1120/1220 Delta Data Concentrator One of the first utilities to use these products will be Fortum Norway. As previously announced, Fortum will be deploying Echelon's smart metering system for its 100,000 electricity customers in Norway. "We welcome the introduction of these new smart meters and data concentrators, both part of the NES system, and look forward to continued success in our deployment," said Lars-Erik Lindgren, Project Manager, Fortum Norway AMM. "The release of these innovative products is consistent with Echelon's mission to provide grid modernization solutions to high-growth markets," said Michael Anderson, senior vice president and general manager, Grid Modernization, at Echelon. "We are flattered to have a lead customer like Fortum Norway for our new delta network products, and we look forward to expanding our market reach in Norway and other countries with these new additions to our portfolio." The new Echelon products build on features of the company's existing NES products, but developed and tuned precisely for the unique needs of a delta distribution network. They include features such as voltage monitoring; a dual-disconnect switch for single-phase meters; support for a ground-fault-detection alarm feature; support for billable load profiles; expanded M-Bus reads; and the ability to identify broken medium voltage lines and zero-fault conditions. The new Echelon smart meters offer a variety of PLC and RF-based home area network (HAN) technologies, which are designed to support the Smart Energy Profile 2.0 standard for in-home devices and applications. As with all NES products, these smart meters and data concentrators are all compliant with OSGP, which offers utilities interoperability along with unrivaled reliability and availability greater than 99.7%. The new products further enhance Echelon's market-leading portfolio, which includes a full range of Echelon smart meters, HAN communication options, data concentrators and system software, in addition to a broad range of partner-developed devices and applications that plug into the Echelon Grid Modernization infrastructure and architecture. About Echelon CorporationEchelon Corporation (NASDAQ: ELON) is an energy control networking company, with the world's most widely deployed proven, open standard, multi-application platform, selling complete systems and embedded sub-systems for smart grid, smart city and smart building applications. Our platform is embedded in more than 100 million devices, 35 million homes and 300,000 buildings and powers energy savings applications for smart grids, smart cities and smart buildings. We help our customers reduce operational costs, enhance satisfaction and safety, grow revenues and prepare for a dynamic future. More information about Echelon can be found at http://www.echelon.com. Visit the Smart Energy Blog by Echelon. Echelon 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. Such statements may involve risks and uncertainties, including risks associated with market acceptance of Echelon's technology by itself or combined with other applications or offerings, that Echelon's offerings by themselves or combined with other applications or offerings do not perform as designed or do not offer the expected benefits and savings; risks associated with international sales; the timing of orders and the possibility that pilot orders may not expand into full deployments; 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. Contact:Colleen Martell+1 (408) 832-0147 [email protected] SOURCE Echelon Corporation http://rt.prnewswire.com/rt.gif?NewsItemId=SF25579&Transmission_Id=201306040900PR_NEWS_USPR_____SF25579&DateId=20130604 |
