| Nasdaq: ELON
Similar to: Mitsubishi Electric Corp.
Echelon Corp. develops, markets and supports an open standard, multi-application energy control networking platform. The company's platform powers energy-savings applications for the smart grid, smart cities and smart buildings that can help customers save on energy usage; reduce outage duration or prevent outages from happening, reduce carbon footprint and more. The company classifies its products and services into two primary categories: Systems, such as its smart metering solutions, which are targeted for use by utilities and that were previously referred to as Utility products and services; and Sub-systems that include components, control nodes and development software, which are sold typically to OEMs, who build them into their smart grid, smart cities and smart buildings solutions. The company operates in one industry segment: the design, manufacture and sale of products for the controls network industry, and markets its products primarily to the building automation, industrial automation, transportation, and utility/home automation markets. Its products enable everyday devices, such as air conditioners, appliances, electricity meters, light switches, thermostats and valves. The firm offers its products and related services to OEMs and systems integrators in the building, industrial, transportation, utility/home and other automation markets. It operates in two main product lines: LonWorks Infrastructure and Networked Energy Services. The LonWorks Infrastructure product line consists of system and networking infrastructure products that add intelligence and connectivity to everyday devices, such as air conditioners, electricity meters, light switches, thermostats, and valves. The products and systems embedded with its LonWorks technology work together to monitor and save energy, lower costs, improve productivity; and enhance service, quality, safety and convenience. The company's Networked Energy Services product line consists of smart electricity meters, data concentrators, and system software, which utilities use to offer next-generation metering to consumers, optimize grids, improve operational efficiency, and deliver multiple services. NES meters automatically report electricity use, identify outages, report theft, and remotely connect and re-connect service. Echelon was founded by Armas Clifford Markkula, Jr. in February 1988 and is headquartered in San Jose, CA.