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Echelon and Aditel Partner to Expand LonWorks Dealer Network Throughout Latin AmericaSAN JOSE, Calif., July 30, 2013 /PRNewswire via COMTEX/ -- Echelon Corporation (NASDAQ: ELON), the world's leading control networking platform provider, today announced that it is expanding its presence in Latin America through a new partnership with Aditel Sistemas, a service provider and reseller of control networking products. Aditel has successfully worked with Echelon's LonWorks® products in Europe and has recently opened offices in Mexico and Colombia to take advantage of the fast-growing building automation and street lighting markets in Latin America, which are expected to grow 20 percent year over year, which is two to three times faster than Western European or North America market growth rates (per IMS Research). "Our distribution agreement with Echelon will allow us to take full advantage of our already strong presence in the building automation industry in several countries in Latin America," said Victor Canete, CEO of Aditel Sistemas. "With Echelon's products, we can offer our building automation OEMs and integrators the flexibility of multi-vendor interoperability and minimum implementation risk. Echelon's LonWorks transceivers like the FT 5000 and PL 3100 will enable our OEM customers to quickly add LonWorks interfaces to their devices, while Echelon's Smart Server gateway that integrates LonWorks networks and devices to other networks such as BACnet and Modbus, will allow our OEMs and system integrator customers to participate in virtually all building automation projects." "Aditel's offices in Latin America will also increase our exposure to street lighting projects in the region," said Anders Axelsson, senior vice president sales and marketing, Commercial and Internet of Things, at Echelon. "Initiatives such as Mexico's National Project for Streetlight Energy Efficiency are providing funding to municipalities to update their streetlights with the energy savings being used to pay back their investments. Our CPD 3000 lighting controller and Smart Server based segment controller are the most proven and cost effective solution for municipalities and cities looking to control the costs of highway and street lighting." About Aditel Aditel was established in 1997 to meet the needs of control network integrators that use LonWorks technology as a means to communicate with and control devices. Aditel has the training, certifications and experience to add value and help clients in the implementation of their projects. With products and services provided by Aditel, an integrator can handle any control and automation project regardless of size. They have strategic alliances with suppliers that allow them to offer clients both stability and technical leadership. Visit Aditel at www.aditel-sistemas.com. About Echelon Corporation Echelon 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, the Echelon logo, and LonWorks 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 associated with international sales; 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=SF55325&Transmission_Id=201307300900PR_NEWS_USPR_____SF55325&DateId=20130730 |
