13.11.2007 14:00:00
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Governor Hoeven Announces Bid for Third Term at Echelon Corporation
Echelon Corporation (NASDAQ:ELON), a leading provider of networking
technology that is used to manage and reduce energy consumption, today
announced that Governor John Hoeven of North Dakota announced his
candidacy for a third term at Echelon’s newly
expanded offices in Fargo, North Dakota.
"Echelon embodies the type of business that I
want to continue to develop in North Dakota to help create a higher
standard of living for all North Dakotans,”
said Governor Hoeven. "Echelon brings high
tech jobs to the area that help increase the quality of life for its
employees and the local community. Companies like Echelon are part of
the economic growth we plan to continue to develop in the state.” "We are honored that Governor Hoeven selected
Echelon to announce his candidacy for a third term as Governor of North
Dakota and that we are recognized as a strong contributor to the local
economy and community by the Governor,” said
Bea Yormark, Echelon’s president and COO. "Our
North Dakota location is instrumental in bringing our Networked Energy
Services smart metering products to the global market and we are proud
to be a respected local employer.”
Echelon is the leading supplier of control networking hardware and
software and a pioneer in the development of smart metering solutions.
Its products are used as the foundation of energy-efficient
infrastructures, allowing applications such as green buildings with
smart environmental systems that easily change to meet tenant needs,
automatically respond to reduce energy use when the electricity grid is
strained, and improve the building’s overall
energy efficiency by as much as 70 percent. Echelon’s
products are also the basis for smart streetlight systems that
automatically brighten or dim lamps to improve safety, slow traffic, and
save energy. Echelon’s smart metering
technology has been chosen for the most advanced metering infrastructure
projects to date in Australia, Austria, Denmark, Italy, The Netherlands,
Russia, Sweden and the United States.
Echelon is based in San Jose, California, with international offices in
China, France, Germany, Italy, Hong Kong, Japan, Korea, The Netherlands,
and the United Kingdom. Its recently expanded office in Fargo includes
33 people who create the head-end software that communicates with and
manages all of the meters and other devices that comprise Echelon’s
Networked Energy Services (NES) smart metering solution. Echelon is a
platinum sponsor of LonWorld®
2007, November 14-15 in Amsterdam, the world’s
largest event devoted to the LonWorks®
control networking platform. More information about the event can be
found at http://www.lonworldexpo.com.
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, LonWorld, 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 market acceptance of
Echelon’s products and the growth of the
energy and controls market; risks associated with the timing and level
of customer; risks that Echelon’s products do
not perform as designed or are not as cost effective as expected; 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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