a significant part of the value chain...
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Samsung Electronics Showcases Smart, Internet-Connected Home Appliances Using Echelon's LonWorks Platform; Intelligent Devices Featured at 2001 International CES
Business Wire - January 04, 2001 19:01
SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 4, 2001--Echelon Corp. (Nasdaq:ELON) announced that Samsung Electronics Co., Ltd. will be featuring smart home appliances networked with Echelon's LonWorks(R) power line communications technology at the 2001 International Consumer Electronics Show (CES) being held January 6-9 in Las Vegas (booth number: LVCC 941). The smart home appliances that will be shown include a washing machine, an air conditioner, and a microwave oven that use Echelon's LonWorks platform to communicate over the Internet and with one another over the existing power wiring in homes. Already a leader in the global home appliances market, Samsung will use these LonWorks powered smart appliances as core components of its entry into the growing home networking market.
One-third of Samsung's CES display will be devoted to the company's Home Network showcase, which shows Samsung's products being used in three rooms of a typical family home: a living room with a digital television and a cable set-top box, a kitchen with smart appliances, and a home office. Visitors will see the real products networked together, plus get a glimpse into how their lifestyle will be changed through Samsung's Home Network Solution via a 7-minute staged demonstration that includes an explanation of how LonWorks networks help make it possible. The home kitchen will show how adding intelligence and networking capabilities to appliances with LonWorks technology makes them easier to use, more efficient, and more reliable, as well as how Internet connectivity enables a host of new value-added services.
Reliable, low cost, two-way communications with smart devices in homes, including smart appliances, enables a huge new market for manufacturers, utilities, telcos, cable operators, and other service providers to offer services to consumers. According to Mike Wolf, director of Enterprise and Residential Communications at Cahners In-Stat Group, the home networking and residential gateway equipment market will reach $5.9 billion by 2004. Home networking based services that deliver extra value based on these new forms of connectivity will reach over $3 billion by 2004. "The value to end consumers is clear, and we believe the next phase in the connected home is that over time, devices will come together in some form of network," states Wolf. "Companies such as Echelon are making this happen."
"We see intelligent appliances as an emerging market that will rapidly grow in the coming years," said Kris Kim, senior manager of Samsung's software center and general manager of Samsung's Home Network Solution Showcase team at CES. "Our work with Echelon positions us as a leader in the global home network market. The LonWorks system offers us the comprehensive solution we need for simple implementation and deployment of services to our customers."
"We firmly believe that the home networking movement is poised to develop at an increasingly rapid rate, and with these new LonWorks powered products Samsung can become a leader in this revolution," said Ken Oshman, Echelon's chairman, president and CEO. "Samsung is a company that understands the intrinsic value that LonWorks intelligence and connectivity brings to their products. We are extremely pleased to be working closely with Samsung to bring our technology to the home networking market and build a large market for LonWorks powered appliances in homes around the world."
About Echelon Corp.
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