SAN JOSE, Calif., July 2, 2013 /PRNewswire/ -- Echelon Corporation (NASDAQ: ELON), the world's leading control networking platform provider, today announced that Ericsson (NASDAQ: ERIC), the world-leading provider of communications technology and services, will provide E.ON Elnat Sverige AB (E.ON) with the latest version of Networked Energy Services (NES) Software and Element Manager in support of Ericsson's Smart Grid as a Service. Ericsson's service will cover the over 400,000 existing Echelon smart meters, providing new features including the ability to remotely upgrade the meters with new meter functionality and to monitor network conditions to prevent and predict outages. These network upgrades improve overall reliability and safety of the E.ON grid.
"Echelon is proud to work with Ericsson in support of a leading utility like E.ON in making the smart grid a reality," said Michael Anderson, senior vice president & general manager, Grid Modernization, at Echelon. "We believe our proven NES software, based upon Echelon's control networking technology, will provide the foundation for a modern grid by supporting a range of applications that will help improve Sweden's energy infrastructure, paving the way for a safer, more reliable and efficient grid."
E.ON, part of one of the largest private energy companies in the world, choose Ericsson to provide the hosted solution, which will gather data from Echelon's smart meters and provide collected data to E.ON's internal IT environment. Data will be exported daily rather than monthly, increasing data delivery by 3000%. Ericsson will also provide E.ON with related field services including consulting and systems integration.
The solution is an important step towards real-time big data measurements, supplying E.ON's customers with accurate and up to date information on energy consumption. The evolution of smart grids is a priority in a number of countries, including EU and the US, and will eventually create a smart energy network that manages a huge amount of data in 24-hour intervals.
"In the long term, we believe empowered consumers will be more efficient in their energy usage and this will result in a more sustainable society," said Per-Olof Lindholm, Management Director, at E.ON Elnat Sverige.
About E.ON E.ON Sweden is part of the international E.ON group, one of the world's largest investor-owned energy companies. E.ON has just under 4,000 employees in the Nordic countries and had sales in 2012 about 39 billion. As an energy company, we want to help build a sustainable society. E.ON is investing 58 billion in the Nordic countries between 2006 and 2013.
About Ericsson Ericsson is a world-leading provider of communications technology and services. We are enabling the Networked Society with efficient real-time solutions that allow us all to study, work and live our lives more freely, in sustainable societies around the world. Our offering comprises services, software and infrastructure within Information and Communications Technology for telecom operators and other industries. Today 40 percent of the world's mobile traffic goes through Ericsson networks and we support customers' networks servicing more than 2.5 billion subscriptions.
About Echelon Corporation Echelon Corporation (NASDAQ: ELON) is an energy control networking company, with the world's most widely deployed proven, open standard, multi-application platform, selling complete systems and embedded sub-systems for smart grid, smart city and smart building applications. Our platform is embedded in more than 100 million devices, 35 million homes, and 300,000 buildings and powers energy savings applications for smart grids, smart cities and smart buildings. We help our customers reduce operational costs, enhance satisfaction and safety, grow revenues and prepare for a dynamic future. More information about Echelon can be found at http://www.echelon.com.
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This press release may contain statements relating to future plans, events or performance. Such statements may involve risks and uncertainties, the risk that Echelon's offerings by themselves or combined with other applications or offerings do not perform as designed or do not offer the expected benefits and savings; risks associated with international sales; 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 unanticipated events.
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SOURCE Echelon Corporation