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Non-Tech : The Critical Investing Workshop

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To: Boplicity who wrote (22579)6/15/2000 1:14:00 PM
From: Manx  Read Replies (1) of 35685
 
Thursday June 15, 12:03 pm Eastern Time: ELON

Company Press Release

Echelon Corporation and Barry Swenson Builder
Break Ground on State-of-the-Art Silicon Valley
Headquarters Campus

New Building to Showcase LONWORKS(R) Open Systems Products, Design, and Management

PALO ALTO, Calif.--(BUSINESS WIRE)--June 15, 2000-- Echelon Corporation (NASDAQ:ELON - news), the leader in
networking everyday devices, and premiere Silicon Valley construction company Barry Swenson Builder announced that today
they have broken ground for the first building on Echelon's new headquarters campus. This showcase LONWORKS© enabled
building will be located near downtown San Jose, California, in an area being renovated for new companies and businesses.
The two companies will create a truly open and energy efficient automated building using LONMARK© compliant products
with LNS(TM) plug-ins from Echelon's OEM customers. These products will be integrated by members of Echelon's Open
System Alliance, a group of companies dedicated to advancing the market for open, standards-based, interoperable device
networks based on LONMARK certified products and the LNS control system architecture.

``Our new building will be a showcase of the benefits of LONWORKS open systems,'' said Kenneth Oshman, Echelon's
chairman, president and CEO. ``Our intent is to create a building that uses the LONWORKS platform to lower cost, increase
comfort, and improve operation. With their reputation for quality, flexibility, and innovative designs, Barry Swenson Builder is
the perfect company to provide us with the structure for such a showcase.''

``The city of San Jose is the ideal location for many of the world's most innovative technology companies,'' said Frank Fiscalini,
vice mayor of San Jose. ``Echelon is a most welcome addition to our area. The neighborhood where the new headquarters will
be located is ready to be modernized, and Echelon's new building fits perfectly into our plans to make this area the latest, best
location for companies in the heart of Silicon Valley. It will be a wonderful demonstration of the technological innovation for
which this area is world-famous.''

Members of the Open System Alliance will perform the integration of LONWORKS products in Echelon's new headquarters.
System integrators and design vendors will be chosen sometime this summer. Echelon estimates that, when complete, the
building will contain almost 1,000 LONWORKS devices that will provide lighting, access, security, elevator, HVAC&R,
parking, fire suppression/detection, and automatic window blind control. Initial plans call for a mixed media wiring scheme
utilizing Echelon's FTT-10A twisted pair transceivers, PLT-22 power line transceivers and the building's Ethernet infrastructure
connected with Echelon i.LON(TM) Internet Servers.

``For more than 30 years, Barry Swenson Builder has provided homes for some of the world's brightest and best technology
companies,'' said Barry Swenson, founder of Barry Swenson Builder. ``Echelon's new headquarters provides us with a unique
opportunity to merge the best in building construction and design with world-leading automation technology. It is an exciting and
welcome challenge to us to create a building that so uniquely matches the tenant in every way.''

Architectural designs are currently being finalized. Vendors interested in supplying products should visit www.echelon.com/HQ.
The site will track the progress of Echelon's new headquarters at every phase of its construction.

About Echelon Corporation

Echelon Corporation (NASDAQ:ELON - news) is the world leader in networking everyday devices. The company offers a
comprehensive line of hardware and software products for automating building, home, industrial, transportation, and utility
applications using LONWORKS© networks, an international, cross-industry, open standard for interoperable device
networks. Echelon is Bringing the Internet to Life(TM) by linking the millions of everyday devices connected with
LONWORKS networks to the Internet.

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.

About Barry Swenson Builder

In this age of technology, construction has evolved from hammer and nails, brick and mortar, to computer-aided design and
scheduling, scientific seismic advances, and innovative materials. Barry Swenson Builder combines 30 years of experience with
today's technology to provide a broad range of services. These services include corporate office development, historic building
rehabilitation, advanced medical facility construction, investments and ownership, residential development and property
management.

Barry Swenson Builder's professional in-house team partners with the most respected engineers, architects, designers and
developers to create innovative projects. Barry Swenson Builder combines decades of experience with state-of-the-art design,
value engineering, construction and project management.

Barry Swenson Builder Team Members, Barry Swenson, Marianne Bacigalupi, Mike Black, Jeff Lauritzen, Steve Andrews
and Dan Hetzler, Echelon Headquarters:

- Architectural Design - AI & Barry Swenson Builder Architectural
- Structural Engineering - Nishkian Menninger
- Landscaping - Guzzardo & Associates, Inc.
- Broker - Kenmark Real Estate Group

Barry Swenson Builder is based in San Jose, California with offices in Campbell, Santa Cruz and Pleasanton. Further
information can be found at barryswensonbuilder.com.

Echelon, LONWORKS, LONMARK, the LonMark logo, and the Echelon logo are trademarks of Echelon Corporation
registered in the United States and other countries. LNS, i.LON, and Bringing the Internet to Life are trademarks of Echelon
Corporation. Other marks belong to their respective holders.

Contact:

Echelon Corporation
Lyn Balistreri, 650/855-7402
lbalistreri@echelon.com
or
Barry Swenson Builder
Marianne Bacigalupi, 408/938-6307
mbacigalupi@barryswensonbuilder.com
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