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Echelon Corp. (ELON) Receives European Smart Metering Innovation Of The Year Award 2012

|Includes: Echelon Corporation (ELON)

Echelon Corp., a global leader in open standard energy control networking, announced today that its Networked Energy Services (OTC:NES) smart grid system has received the European Smart Metering Innovation of the Year Award 2012. The award, which recognizes innovation and achievements from smart metering solution providers, was presented to Echelon at the Smart Metering UK and Europe Summit on Jan. 26 in London.

The awarding judges included utilities and industry experts from across Europe. Echelon was chosen because its system has redefined the function of a smart meter, adding to the device's traditional automated billing role and additionally making it a collector of valuable statistics essential for maintaining the operational health of the low-voltage distribution network. Armed with these capabilities, utilities can reduce operating costs, improve customer satisfaction, and make way for new applications, such as renewable energy integration.

Echelon was among the first companies in the industry to discover that its open standard and multi-application platform could function as a foundation for many applications across the smart grid, including meter reading, low-voltage grid optimization, street lighting, and grid-aware buildings. Echelon's Smart Grid Solution enables utilities to accurately collect low-voltage grid billing data and vital health statistics with more than 99% field proven reliability.

Echelon leads the global market in standard energy control networking. The company's technologies connect more than 35 million homes, 300,000 buildings, and 100 million devices to the smart grid, helping customers save 20 percent or more on their energy consumption. Echelon boasts more than 20 years of experience in energy control and delivers a broad range of solutions to commercial and electric utility customers.

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