Echelon Corporation (NASDAQ:ELON)
announced today that it has partnered with the Energy
Services Network Association (ESNA), a non-profit corporation
composed of utilities, manufacturers, and integrators, to publish and
standardize the Open Smart Grid Protocol (OSGP) as a European and
International standard. OSGP is the protocol used by Echelon's Networked
Energy Services (NES) System, a market leading smart grid
infrastructure. By publishing OSGP as an open standard, it will enable
independent implementation of interoperable meters and other smart grid
devices from multiple vendors on the same network. This gives electric
utilities the ability to buy ?best of breed? products and to avoid
vendor lock-in that increases costs and reduces innovation. More than
just a protocol for smart meters, OSGP provides secure, scalable control
networking services for any device connected to the low voltage power
grid, as well as critical information about the health of the
distribution line itself, which further improves reliability and lowers
operating costs. The announcement was made today at the Metering Europe
event in Vienna, Austria.
?The Open Smart Grid Protocol has become a de facto standard for smart
meters and smart grid infrastructure communications with more than three
million meters already installed or with orders to be installed over the
next few years,? said Gordon Pedersen, President of ESNA and head of
smart grid projects at SEAS-NVE, the largest consumer-owned utility in
Denmark. ?Working with Echelon, our members, and other industry
partners, we look forward to formalizing and publishing OSGP as a
European and international standard for smart grid communications to
benefit utilities, their customers, and suppliers.?
?We are very pleased to join with Echelon in promoting the Open Smart
Grid Protocol as a European and International standard,? said Babu
Babel, CEO Energy Secure Meters. ?OSGP already has a very strong
position in the market as a de facto standard delivering reliable
systems at scale for utilities. We are excited about the opportunities
that OSGP brings to us and our customers.?
Built on open ISO/IEC and IEEE standards, OSGP adds additional security
and reliability services necessary to properly network and manage
devices in the smart grid. With millions of devices deployed worldwide,
OSGP brings field-proven reliability and scalability to the smart grid.
?As the Internet has clearly demonstrated, open standards are the key to
building large, vibrant markets, which benefit suppliers and end users
alike,? said Bob Dolin, Echelon's chief technical officer. ?Echelon has
long followed a path of adopting open standards where appropriate ones
exist, and working to create open standards where there are gaps. The
market is demanding openness at all layers and for all devices, not just
meters. OSGP provides needed control networking services for smart grid
devices and creates an open playing field for innovation that is absent
in the market today.?
More information about ESNA and their support of the standardization of
OSGP can be found in the organization's press release of September 22,
2010 titled, ?Industry Leaders Bring Open Smart Grid Protocol (OSGP) to
About Echelon Corporation
Echelon Corporation (NASDAQ:ELON)
is leading the worldwide transformation of the electricity grid into a
smart, communicating energy network, connecting utilities to their
customers, enabling networking of everyday devices, and providing
customers with energy aware homes and businesses that react to
conditions on the grid.
NES System the control networking infrastructure for the smart
grid enables intelligent distributed control applications and devices
that deliver maximum reliability, survivability and responsiveness.
Through the ECoS
platform, the NES system enables any device, speaking any protocol,
connected over any network to be integrated into local decision making
and connected securely to enterprise IT systems through virtually any IP
network. The NES System helps utilities compete more effectively, reduce
operating costs, provide expanded services and help energy users manage
and reduce overall energy use.
Infrastructure products extend the smart grid in to smart buildings
factories, homes and other systems, powering tens of millions of energy
aware, everyday devices made by thousands of companies connecting them
to each other, to the electricity grid and to the Internet. LonWorks
based products work together to monitor and save energy; lower costs;
improve productivity; and enhance service, quality, safety, and
convenience in utility, municipal, building, industrial, transportation,
and home area networks.
More information about Echelon can be found at http://www.echelon.com.
Echelon, LonWorks, and the Echelon logo are registered trademarks of
Echelon Corporation registered in the United States and other countries.
Other product or service names mentioned herein are the trademarks of
their respective owners.
This press release may contain statements relating to future plans,
events or performance. Such statements may involve risks and
uncertainties, including risks associated with uncertainties pertaining
to the adoption and acceptance of OSGP as a standard and any resulting
impact of sales of Echelon's NES system, and the timing and level of
customer orders; and other risks identified in Echelon's SEC filings.
Actual results, events and performance may differ materially. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. Echelon undertakes
no obligation to release publicly the result of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
Julia O'Shaughnessy, +1-408-938-5357
Paul & Partners
Christine Simeone, +1-781-782-5773