Carrier Corporation's Volume Purchase Agreement With Echelon Paves the Way for Expanded LonWorks Technology Enabled Product Line
SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 14, 2001--Echelon (Nasdaq:ELON - news) and Carrier Corporation, a subsidiary of United Technologies Corporation (NYSE:UTX - news), announced today that Carrier has entered into a Volume Purchase Agreement (VPA) with Echelon. Through its recently acquired Micro Thermo division, Carrier offers a complete energy management and environmental control system based on Echelon's LonWorks® platform for use in supermarkets and other retail outlets. Its comprehensive line of LonWorks enabled products provides supermarket managers, owners and chains with the up-to-date, complete and relevant information needed to make better energy management and operations decisions.
``Our products range from integrated controls for residential, commercial and transport HVAC/R equipment to thermostats, applied building system controls, PC-based building management software and energy management solutions,'' said Ken Fox, vice president and general manager of Carrier Electronics. ``Our agreement with Echelon puts us in a great position to economically add LonWorks to other products over time.''
Micro Thermo's LonWorks based product line offers supermarkets a complete alarm and monitoring system for all refrigerated cases and integrates compressor racks, rooftop units, air handlers, fan coils, zone control units, and lighting panels into its full line of interoperable controls. Through a PC-based graphics display (built on Echelon's LNS(TM) network operating system) and a distributed control system, installation and operating costs are reduced and store managers can monitor and manage the operations of refrigeration, HVAC, and lighting equipment; devise strategies for effective energy management; and monitor case conditions for regulatory compliance and food safety.
``We are very pleased to enter into this agreement with Carrier,'' said Bea Yormark, Echelon's president and COO. ``Our agreement paves the way for Carrier to expand its LonWorks product strategy in the building automation and service markets.''
About Carrier Corporation
Carrier Corporation is the world's largest manufacturer of heating, air conditioning and refrigeration systems and equipment. It is a subsidiary of United Technologies Corporation, provider of a broad range of high-technology products and support services to the aerospace and building systems industries.
About Echelon Corporation
Echelon Corporation is the creator of the LonWorks platform, the world's most widely used standard for connecting everyday devices such as appliances, thermostats, air conditioners, electric meters, and lighting systems to each other and to the Internet. Echelon's hardware and software products enable manufacturers and integrators to create smart devices and systems that lower cost, increase convenience, improve service, and enhance productivity, quality, and safety. Thousands of companies have developed and installed more than 16 million LonWorks based devices into homes, buildings, factories, trains, and other systems worldwide.
Both the protocol underlying LonWorks networks, and the signaling used by Echelon's power line and free topology transceivers, have been adopted as standards by the American National Standards Institute (ANSI). Echelon is also a founding member of the LonMark® Interoperability Association, an open industry forum of hundreds of leading manufacturers, integrators, and users dedicated to promoting the use of interoperable LonWorks devices. Further information about Echelon can be found at echelon.com and more information about the Association can be found at lonmark.org.
Echelon, LonWorks, LonMark, the LonMark logo, and the Echelon logo are trademarks of Echelon Corporation registered in the United States and other countries. Bringing the Internet to Life(TM) and LNS 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.
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Contact:
Echelon Corporation
Lyn Balistreri, 408/938-5202
lbalistreri@echelon.com |
