20.08.2007 13:00:00
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Echelon to Chair Keynote at Smart Metering West Coast 2007 Conference
Echelon Corporation (NASDAQ: ELON) announced today a series of
presentations at the Smart Metering West Coast 2007 Conference being
held August 21 and 22 in Los Angeles, California. The Smart Metering
West Coast conference is designed to bring together the world's leaders
in smart metering in one forum to help utilities gain in-depth,
comprehensive knowledge and first-hand experience of the benefits and
challenges, the technologies and implementation techniques of smart
metering.
Echelon Senior Vice President Frits Bruggink will open the event and
serve as moderator for the keynote session. With experience dating to
Echelon’s pioneering advanced metering project
with Enel SpA of Italy, in which over 27 million meters were deployed in
a five year period, Mr. Bruggink is one of the world’s
experts on the business transformation process that smart metering
brings to utilities.
Bob Warden, Echelon Vice President, Corporate Accounts, will speak in
the afternoon with Matt Smith, Director - Utility of the Future, Duke
Energy. The talk, titled "Duke Utility of the
Future Architecture,” will describe how Duke
Energy is seeking to transform its system of delivery and usage of
energy for Duke Energy and its customers. Duke is looking to create a
networked, real time, intelligent energy infrastructure capable of
optimizing the generation, delivery, and consumption of energy. The talk
will describe how Echelon and Duke are working together in an initial
Utility of the Future field pilot to test and validate Duke’s
business and technical direction.
"We are honored to have such a prominent
position at Smart Metering West Coast this year and to be presenting
with our first North American customer, Duke Energy,”
said Ken Oshman, chairman and CEO of Echelon. "Duke
Energy chairman and CEO Jim Rodgers has described the promise of the
smart grid as ‘one of the greatest
advancements of the 21st century’; a vision
we wholeheartedly share. The NES system was designed around the concept
of bringing the power of networks to the electrical grid, where the
meters of the past are replaced by the intelligent end points of the
future that not only meter energy but also help utilities and their
customers better understand and manage their consumption and the grid. We’ve
worked successfully with European and Asian utilities and are proud to
work with Duke as we enter the North American market.”
Bob Warden will give a talk highlighting the advantages that smart
metering with Echelon’s NES system brings to
utilities. Echelon's NES system provides an open, bidirectional, and
extensible infrastructure that enables a wide range of utility
applications. The system offers a comprehensive set of energy services,
including: two-way automated meter reading; multi-tiered billing;
time-of-use and real-time pricing; prepaid metering; remote electrical
disconnect and reconnect; distribution system asset optimization;
electricity outage detection and restoration management; management of
blackout and brownout situations; comprehensive revenue protection;
real-time direct load control; power quality measurement; and extensive
tamper detection features.
About Echelon Corporation
Echelon Corporation (NASDAQ:ELON) is a networking company that provides
products and systems that can monitor and save energy; lower costs;
improve productivity; and enhance service, quality, safety, and
convenience by connecting everyday devices in utility, buildings,
industrial, transportation, and home control systems. Tens of millions
of smart devices based on Echelon’s LonWorks®
products and Networked Energy Services (NES) systems are used around the
world today, bringing benefits to consumers and industry. More
information about Echelon can be found at http://www.echelon.com.
Echelon, LonWorks, and the Echelon logo are registered trademarks of
Echelon Corporation registered in the United States and other countries.
Other product or service names mentioned herein are the trademarks of
their respective owners.
This press release may contain statements relating to future plans,
events or performance. Such statements may involve risks and
uncertainties, including risks associated with the ability of the NES
system to perform as designed; potential production or shipment delays
for NES meters and other components; uncertainties pertaining to the
timing and level of customer orders and demand for NES products and
services; the risk that the application of U.S. generally accepted
accounting principles could significantly affect the timing of NES
revenues that Echelon expects to recognize under the pilot with Duke
Energy; risks that Duke Energy’s deployment
and system integration activities with Echelon and other partners in the
project are not successful, or do not meet their target dates; risks
that Duke Energy does not complete or move past the pilot stage; 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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