If the consolidation in the base-metals continues at its furious pace I will need to look to other areas to fill-out my Big Build-Out portfolio. Echelon Corporation (NASDAQ:ELON) looks like a potential fit. I will keep my eye on it.
See the below press release from Friday:
Echelon Corporation, a leading provider of networking technology that is used to manage and reduce energy consumption, announced today that several major highways and bridges in the Yangtze River Delta, one of the fastest growing regions in China, have chosen Echelon’s LonWorks technology to better manage highway and bridge lighting systems for increased security, beautification, and reduced energy consumption. The lighting control system will be installed and managed by Echelon’s Authorized Network Integrator Nanjing Lianhong Automation Co, Ltd.
China’s high growth transportation infrastructure sector has put an urgent stamp on finding the most innovative solutions for managing the country’s power quality, security and energy management processes,” said Baocai Wu, Nanjing Lianhong’s CEO. “Echelon’s ultra-reliable LonWorks technology and products provide the ideal infrastructure required for long-term projects like street and bridge lighting. The open technology ensures that products from multiple manufacturers can be added to the system, now or in the future. The ability to add new functionality, modify energy savings applications, and conduct remote management were the key attributes that led to the selection of the LonWorks platform as the basis of the overall solution.”
I like the chart……