Echelon Corporation Q2 2010 Earnings Call Transcript

Echelon Corporation (ELON) Q2 2010 Earnings Call Transcript August 3, 2010 5:00 PM ET

Executives

Vanessa Lehr – IR
Bob Maxfield – President and CEO
Chris Stanfield – EVP and CFO

Analysts

Colin Rusch – ThinkEquity
Sean Hannan – Needham & Company
David [ph] – Wedbush Securities
Dale Pfau – Cantor Fitzgerald
Bheeshm Chaudhary – Deutsche Bank
Charles Fishman – Pritchard Capital
Brian Kremer – Roth Capital Partners
Joe Maxa – Dougherty & Company

Operator

Good day, ladies and gentlemen, and welcome to the second quarter Echelon Corporation earnings conference call. At this time, all participants are in a listen-only mode. We will facilitate a question-and-answer session at the end of the presentation. (Operator Instructions) As a reminder, the conference is being recorded for replay purposes.

I would now like to turn the presentation over to Vanessa Lehr, Investor Relations. Please proceed.

Vanessa Lehr

Hello, everyone and thank you for joining us this afternoon for our second quarter 2010 earnings conference call. With me on today's call are Bob Maxfield, President and Chief Executive Officer; and Chris Stanfield, Executive Vice President and CFO, who will both present prepared remarks. By now, you should have received a copy of the press release we issued a short time ago. If you would like a copy, please visit our website at echelon.com.

Before we begin, I would like everyone to know that in the third quarter, Echelon will be participating in Canaccord's Growth Conference on August 10th in Boston, Wedbush Securities' Clean Technology & Industrial Conference on September 14th in San Francisco, and Deutsche Bank's 2010 Technology Conference on September 15th also in San Francisco. As additional events are scheduled in the quarter, we will make other announcements.

I would like to remind everyone that during the course of this call, we may make