Echelon Corporation (ELON) Message Board

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Technology Stocks : Echelon Corporation (ELON)

ELON 21.88

+10.1%

Oct 6 5:00 PM EST

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From: Glenn Petersen	8/10/2009 2:30:56 PM
	of 3076

[t]ELON[/t] up sharply today: InPlay 7:26AM Echelon signs agreement to supply NES Smart Metering System to Duke Energy (ELON) 8.30 : Co announces that it has entered into a long-term agreement with Duke Energy (DUK) to supply Echelon's Networked Energy Services system as a key part of Duke Energy's smart grid program. Currently, Duke Energy provides electricity service to approximately 4 mln customers in five states - North Carolina, South Carolina, Indiana, Ohio and Kentucky. The initial order under this framework agreement totals approximately $15.8 mln with deliveries expected to begin at the end of the quarter. Assuming full deployment of the NES system, the states of Ohio and Indiana represent a revenue opportunity to Echelon of over $150 mln. Company press release

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