ELON--PALO ALTO, Calif.--(BUSINESS WIRE)--March 2, 2000--Echelon Corporation (Nasdaq:ELON) the leader in networking everyday devices, announced today that it is showcasing LONWORKS(R) networks in the home at the first annual Electronic House Expo in Orlando, Fla., March 2nd through 5th.
Sponsored by the Home Automation Association and EH Publishing (publisher of industry journals such as Electronic House, CEPro, and Popular Home Automation), Electronic House Expo is the only dedicated, stand-alone trade event in North America focused on the market opportunities of "The Connected Home."
In its booth (number 300) Echelon is demonstrating how LONWORKS networks provide the complete open, interoperable platform needed to network everyday devices such as appliances, lighting, heating, and security systems in the home and provide valuable new services through the Internet.
A recent market study by Allied Business Intelligence forecasts that the Residential Networks and Home Automation Subsystem industry will reach $6.2 billion in revenues by 2005.
"There is tremendous market momentum and excitement about the new business opportunities enabled by broadband connectivity to networked devices in the home," said Reza Raji, director of business development at Echelon.
"The strong presence of LONWORKS networks here at Electronics House Expo and recent announcements from Europe show that LONWORKS network are rapidly becoming a worldwide de facto standard for networking everyday devices in the home to each other and the Internet."
The LONMARK(R) Interoperability Association will be sharing the Echelon booth, and LONMARK member companies Axlon Electronics Corp. (booth 103), Cutler-Hammer (booth 1121), Leviton Mfg. Co. (booth 1009), and Somfy (booth 1124) are also exhibiting at the show.
Reza Raji of Echelon and Jim Frazer, president of Surf Networks, Inc. are also conducting a LONWORKS Residential Network Integration seminar Friday, March 2 as part of the show's "System Integration Academy" program. More information on Electronic House Expo can be found online at ehexpo.com.
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 the leading cross-industry standard for networking everyday devices in 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 with international offices in China, France, Germany, Japan, Korea, The Netherlands, and the United Kingdom. Further information can be found at echelon.com.
About The LONMARK Interoperability Association
Since its inception in 1994, the LONMARK Interoperability Association has become a major driving force in the establishment of interoperable guidelines for building, industrial, transportation, residential, and utility automation.
LONMARK membership is open to any manufacturer, end-user and system integrator committed to the development and use of open, interoperable products using multi-vendor LONWORKS networks.
Products that have been verified to conform to Echelon's LONMARK interoperability guidelines are eligible to carry the LONMARK logo, an indicator that a product has been designed to interoperate over a LONWORKS network.
Further information on the LONMARK Interoperability Association and its members can be found on the LONMARK Association web site at lonmark.org.
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. |
