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|Public (NASDAQ: ELON)|
Automatic meter reading
Remote Product Service Solutions
|Headquarters||Santa Clara, California, United States|
|Ron Sege, President, CEO
Armas Clifford "Mike" Markkula Jr., Founder, Vice Chairman, Director
|Products||LonWorks Networking Platform
Networked Energy Services
i.LON 100 SmartServer
LonMaker 3.1 Integration Tool
Echelon was founded in February 1988 in Palo Alto, California by Clifford "Mike" Markkula Jr.. The chief executive was M. Kenneth Oshman. Echelon's LonWorks platform for control networking was released in 1990 for use in the building, industrial, transportation, and home automation markets. At their initial public offering on March 31, 1998, their shares were listed on the NASDAQ exchange with the symbol ELON.
Started in 2003, Echelon's Networked Energy Services system was an open metering service. Echelon provides the underlying network technology for the world's largest Advanced Metering Infrastructure (AMI) in Italy with over 27 million connected electricity meters. Based on the experiences with this installation, Echelon developed the NES (Networked Energy Services) System (including smart meters, data concentrators and a head-end data collection system) with about 3.5 million devices installed.[when?]
In August 2014, after quarterly revenues dropped from $24.8 million to $15 million, Echelon announced it was getting out of the smart-grid business entirely, shifting its entire corporate focus to the Internet of things as a market for its technology. Echelon committed to only support existing customers, but not grow the grid business, and to potentially seek the sale of its grid business.
Echelon is based in Santa Clara, California, with international offices in China, France, Germany, Italy, Hong Kong, Japan, Korea, The Netherlands, and the United Kingdom.
- "Prospectus". Retrieved November 4, 2016.
- "Echelon Reports Second Quarter 2014 Results And Announces Further Steps To Focus On The Industrial Internet Of Things". Press release. August 6, 2014. Retrieved November 4, 2016.