ELON & CSCO realtionship confirmed today! Check out this press release. Favorite line is: ''Together, Cisco and Echelon are harnessing the power of the Internet into everyday control devices to save time and reduce expenses for consumers and businesses alike.'
Last time we had a good move, we popped well over a point. Moves on the tiniest of volume.
Wednesday September 8, 8:49 am Eastern Time
Company Press Release
Cisco Systems to Deliver Keynote Address at Echelon's LonWorld99
Talk to Highlight Impact of Extending the Internet's Reach to Everyday Devices
PALO ALTO, Calif.--(BUSINESS WIRE)--Sept. 8, 1999--Echelon Corporation (Nasdaq:ELON - news) today announced that Robba Benjamin, Vice President
and General Manager of Cisco Systems' Consumer Line of Business will deliver a keynote address at Echelon's LonWorld99(TM) Conference and Exhibition to be
held October 13-15 in Amsterdam, the Netherlands.
Ms. Benjamin joins previously announced keynote speakers Francesco Caio, Chief Executive Officer of home appliance manufacturer Merloni Elettrodomestici and
Jeong Oung Karl, President of the Korean conglomerate Daelim Information & Telecommunications Co., Ltd.
With an anticipated 150 exhibitors and 3,000 attendees, LonWorld99 is the world's largest conference and exhibition focused on the networking of everyday
devices. This year's conference, with the theme Plugging the Network into Controls, will highlight the explosive market opportunities enabled when networks of
everyday devices in homes, buildings, factories, and transportation systems are made accessible from anywhere in the world over the Internet.
Ms. Benjamin's speech, The Personal Network - How It Will Change Your Life, will present Cisco's vision of the Internet's impact at its full extension into everyday
life. ''The Internet is changing nearly every aspect of how people live,'' said Ms. Benjamin. ''Together, Cisco and Echelon are harnessing the power of the Internet
into everyday control devices to save time and reduce expenses for consumers and businesses alike.''
''We are pleased to welcome Robba Benjamin to our outstanding group of keynote speakers,'' said Ken Oshman, Echelon's president and chief executive officer.
''We have been working with Cisco's Consumer Line of Business as a Cisco Networks(TM) partner for some time now and share their vision of using LonWorks®
networks to extend the reach of the Internet into the invisible networks that touch our lives at home and at work.''
Ms. Benjamin joined Cisco from Sprint where she developed the company's Internet strategy and operating plans for consumer and business segments. She is the
author of Better Than Being There?, an exploration of the development of community using digital networked technologies.
In the other keynote addresses, Mr. Caio will speak on Net-Washing and e-Cooking, focusing on the cost savings and new revenue opportunities created by
connecting smart LonWorks appliances to the Internet. Merloni has recently introduced the Ariston Digital(TM) family of LonWorks refrigerators, dishwashers,
washing machines, and other home appliances that communicate with one another over the home's power lines and to the Internet over a residential gateway. Mr.
Karl will present Opening Up the Asia-Pacific Market: New Opportunities with LonWorks Networks and the Internet, a discussion of the emerging market for
Internet connected LonWorks control networks in the Asia-Pacific market and DITCO's pivotal role in its development.
About Echelon Corporation
Echelon Corporation is the developer of LonWorks networks, recognized internationally as a standard for open, interoperable control networks. With thousands of
application developers and millions of devices installed worldwide, LonWorks is a leading open, networked control solution for building and home automation,
industrial, transportation, and public utility applications. Echelon offers a full range of off-the-shelf hardware and software products to support the development,
installation and management of intelligent, open and interoperable control networks.
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 www.echelon.com.
Echelon, the Echelon logo, and LonWorks are registered trademarks and LonWorld99 is a trademark 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, 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. |
