Evening porch monkeys. Elon's a good stock to be holding now.
TAC AB Signs International LONWORKS Open Systems Reseller Agreement; Companies To Jointly Promote LONWORKS System to Building Controls Market
Business Wire - March 21, 2000 08:18
FRANKFURT, Germany--(BUSINESS WIRE)--March 21, 2000--During a press conference today at the Light + Building Show in Frankfurt, Germany, Echelon Corporation (Nasdaq:ELON) signed an International LONWORKS(R) Open Systems Reseller Agreement with TAC AB, a leading supplier of IT solutions for integrated building control systems.
Under the agreement, TAC and TAC's channel of independent network integrators will become authorized resellers of Echelon's LNS(tm) network operating system and LonMaker(tm) for Windows(R) Integration Tool products. Echelon and TAC will also carry out joint marketing programs to increase the use of LONWORKS networks in the building controls market. Working together, Echelon and TAC will expand the leading position of LONWORKS networks as the premier solution for networking of everyday devices in the buildings market.
"Signing this agreement is, for us, a natural step toward furthering our long-standing cooperation with Echelon," stated Arne Frank, president of TAC. "It will enable our own operations as well as our network of 120 partners to become well trained and qualified to build fully interoperable LONWORKS networks using Echelon's LonMaker For Windows and LNS, thus ensuring our customers future-proof solutions based on open, state-of-the-art LONWORKS system technology."<b/>
"In the early 1990's, TAC demonstrated its commitment to delivering open, quality, long-term solutions to customers by becoming one of the first companies in the world to adopt the LONWORKS standard," stated Kenneth Oshman, chairman, president and CEO of Echelon. "Since then, TAC has moved into the technology forefront of open, interoperable control systems. With this agreement, TAC will be utilizing LONWORKS products to create ever more reliable control systems in Europe and around the globe. We look forward to continuing our long-term, mutually beneficial relationship with TAC."
About Echelon Corporation
Echelon Corporation is the developer of LONWORKS networks, recognized internationally as a standard for open, interoperable control networks. With thousands of application developers and millions of devices installed worldwide, LONWORKS is the leading cross-industry standard for networking everyday devices in building and home automation, industrial, transportation, and public utility applications. Echelon offers a full range of off-the-shelf hardware and software products to support the development, installation and management of intelligent, open and interoperable control networks.
Products that have been verified to conform to Echelon's LONMARK(R) interoperability guidelines are eligible to carry the LONMARK logo, an indicator that a product has been designed to interoperate over a LonWorks network.
Echelon is based in Palo Alto, California, with international offices in China, France, Germany, Japan, Korea, The Netherlands, and the United Kingdom. Further information can be found at echelon.com. Further information about the LONMARK Interoperability Association can be found at lonmark.org.
About TAC AB
TAC is one of the leading suppliers of integrated IT solutions for building automation. TAC recently established the concept of Talking Buildings(tm) on the market. The term articulates the company's business of developing, manufacturing and marketing products and open systems solutions which improve the indoor environment and provide the building owner with added value in the form of lower operating costs and more attractive properties.
TAC is owned by EOT. Its head office is in Malmo, Sweden and development and manufacturing is located in Malmo and Vasterhaninge just outside Stockholm. The TAC group has a total of around 1,100 employees and an annual turnover of SEK 1.2 billion. The group has subsidiaries in the Nordic countries, the United Kingdom, Germany, Poland, Russia and Singapore. A network of associated partners is located in 40 or so countries.
More information can be found at tac.se.
Echelon, LONWORKS, LONMARK, the LONMARK logo and the Echelon logo are trademarks of Echelon Corporation registered in the United States and other countries. LNS and LonMaker are trademarks of Echelon Corporation. Other marks belong to their respective holders.
This press release may contain statements relating to future plans, events or performance. Such statements may involve risks and uncertainties, including risks associated with uncertainties pertaining to the timing and level of customer orders, demand for products and services, development of markets for Echelon's products and services, 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: Echelon Corp.
Lyn Balistreri, 650/855-7402
lbalistreri |
