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Message 18023600
Echelon Joins in IBM e-business to Smart Machine Launch Event
Tuesday September 24, 4:00 am ET
ZURICH, Switzerland--(BUSINESS WIRE)--Sept. 24, 2002--Echelon Corporation (Nasdaq:ELON - News) today announced that it participated in the launch event of IBM's e-business to smart machine initiative that includes connecting smart devices to enterprise applications. Echelon was one of several leading technology companies that were invited to participate in the IBM event. IBM, a worldwide leader in integrating enterprise business systems, and Echelon, a worldwide leader in networking everyday devices using its LonWorks® technology, together bring the technology and expertise necessary to provide solutions to businesses that integrate enterprise business applications with networks of physical devices. By integrating information from everyday devices such as appliances, energy meters, HVAC equipment, lights, assembly lines, security systems, pumps, and others into enterprise applications, such as supply chain management, CRM, and inventory systems, companies could lower operating costs and increase revenues.
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"We believe that the initiative launched here today -- connecting smart machines to e-business -- represents the next wave of e-business applications," said Scott Burroughs, Embedded Systems Marketing, IBM Pervasive Computing. "There is an enormous opportunity for businesses to gather data from and interact directly with the infrastructure devices embedded in their buildings, factories, and other systems to increase efficiency, decrease costs, and offer new services to their customers. IBM and Echelon have worked together on a number of the early projects in this space and we are pleased that Echelon could join with us here today as we announce the next phase in our e-business solutions."
For example, a hotel chain could lower their energy costs while increasing guest comfort by linking information from their reservations system to their LonWorks based building control system. This new e-business application could automatically reduce heating, cooling, and lighting to those rooms that are unoccupied and balance the energy consumption across floors calculating real-time energy consumption and HVAC load to place guests in areas of the building that require less energy to maintain a comfortable environment.
"Literally millions of devices based on the LonWorks device networking platform from Echelon are at work today, controlling, monitoring and sensing in home and business throughout the world," said Jeff Lund, Echelon's vice president of business development. "These networks of devices could provide mission critical information, such as actual energy costs or usage rates, to e-business solutions that would otherwise be unavailable. When coupled with the products, technologies, and integration skills of IBM, these networks of LonWorks devices could become an essential part not only of a company's control systems, but also of their business systems. We are very pleased to join here with IBM today to launch the e-business to smart machine initiative."
Echelon and IBM have worked together in providing solutions for gasoline stations, office environments, and home networks. Background information can be found in the accompanying IBM Press Brief at echelon.com.
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 LonWorks products and more than 24 million LonWorks enabled processors have been shipped for use in homes, buildings, factories, trains, and other systems worldwide.
The protocol underlying LonWorks networks and the signaling technology 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. More information is available at lonmark.org. Further information regarding Echelon can be found at echelon.com.
Echelon, LonWorks, LonMark, the LonMark logo, and the Echelon logo are trademarks of Echelon Corporation registered in the United States and other countries. 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; risks associated with market acceptance of IBM's e-business solutions, IBM promoting other device networking technologies in preference to Echelon's, IBM's abilities to integrate e-business solutions in conjunction with networks of LonWorks based devices, the growth of the LonWorks industry worldwide, sales targets not being met, development of markets for IBM's e-business 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
Steve Nguyen, 408/938-5272
qnguyen@echelon.com
or
McQuerter (c/o Echelon)
Hillary McCarthy, 858/450-0030
hmccarthy@mcquerter.com
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Source: Echelon
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