Easyplug, the New Powerline Communications Joint Venture Between Schneider Electric and Thomson Multimedia, Launches Its First Products

Apr 05, 2001, 01:00 ET from Thomson Multimedia

    PARIS, April 5 /PRNewswire/ -- Easyplug, the 50/50 joint venture between
 Schneider Electric and Thomson Multimedia, is starting operations. Focused on
 expanding powerline carrier technology (PLC) throughout the home and
 commercial environments, Easyplug will develop key components and finished
 products that will facilitate the adoption of PLC-based home networking,
 control, and automation. The market for PLC-based consumer applications (DSL,
 video distribution, Internet access, interactive TV, home automation, etc.)
 are expected to generate sales of more than Euro 1 billion by 2003/2004.
     Easyplug plans to generate revenues of Euro 40 million in 2001, growing to
 over Euro 200 million by 2005. Easyplug's goal is to become the worldwide
 leader in powerline carrier solutions by providing finished products and
 communication modules through a worldwide sales and distribution network.
 Easyplug will also provide expertise in PLC applications to OEM customers
 serving consumer electronics and home contractor markets by developing world
 class custom PLC solutions.  By creating key partnerships with select PLC
 technology providers and actively supporting industry initiatives for PLC
 standardization, Easyplug will work to establish powerline carrier technology
 as a mainstream networking and connectivity solution.
     Today, Easyplug offers three core PLC products: the Wireless Phone Jack,
 which turns any AC outlet into a telephone connection, the Wireless Modem
 Jack, which enables a home modem to establish an Internet connection through
 any AC outlet, and the PLC interface module for home applications (heating,
 lighting, home automation) which provides integrators with the first
 development kit for PLC solutions based on the European Konnex standard.
     With headquarters in Grenoble (France) and US operations in Princeton, NJ,
 Easyplug's management team is Isabelle Guillaume, CEO, Geoffrey MacKenzie,
 Vice President - Sales and Marketing - Americas, Elisabeth Conraux, Vice
 President - Sales and Marketing - Europe, Christian Parniere, Vice President -
 Research and Development, and David Arragon, Chief Financial Officer.
     For more information about Easyplug, please visit us at
 http://www.easyplug.com
 
     This press release contains forward-looking statements regarding prospects
 for the future that involve a number of risks and uncertainties.  Among the
 factors that could cause actual income to differ materially from those
 expected are the following: business conditions and general economic
 conditions; competitive factors such as pricing and marketing efforts of rival
 companies; timing of product introductions; ability of contract manufacturers
 to meet product price objectives and delivery schedules; legislative,
 regulatory, and industry initiatives that may affect planned or actual product
 features and marketing methods; and the pace and success of product research
 and development. For more information on the potential factors that could
 affect the company's financial income, please review the relevant SEC filings.
 
     About Schneider Electric
     Schneider Electric is the worldwide specialist in electrical distribution,
 industrial control and automation through its world-class brands Merlin Gerin,
 Modicon, Square D and Telemecanique. It fulfils and anticipates its customers'
 requirements in the energy, construction, industry and infrastructure markets.
     Schneider Electric's 67,500 employees generated sales of Euro 9.7 billion
 in 2000 via 9000 sales outlets in 130 countries.
     For more information, visit http://www.schneider-electric.com .
 
     About Thomson Multimedia
     With sales of 9.1 billion euros (U.S. $ 8.3 billion) in 2000 and 73,000
 employees in more than 30 countries, Thomson Multimedia (Paris Sicovam: 18453)
 (NYSE:   TMS), provides a wide range of technologies, systems, finished products
 and services to consumers and professionals of the entertainment and media
 industries. To advance and enable the digital media transition, Thomson
 Multimedia has five principal activities: Displays and Components, Digital
 Media Solutions, Consumer Products, New Media Services, and Patents and
 Licensing. The company distributes its products under the popular THOMSON and
 RCA brand names.
     For more information, visit http://www.thomson-multimedia.com .
 
 

SOURCE Thomson Multimedia
    PARIS, April 5 /PRNewswire/ -- Easyplug, the 50/50 joint venture between
 Schneider Electric and Thomson Multimedia, is starting operations. Focused on
 expanding powerline carrier technology (PLC) throughout the home and
 commercial environments, Easyplug will develop key components and finished
 products that will facilitate the adoption of PLC-based home networking,
 control, and automation. The market for PLC-based consumer applications (DSL,
 video distribution, Internet access, interactive TV, home automation, etc.)
 are expected to generate sales of more than Euro 1 billion by 2003/2004.
     Easyplug plans to generate revenues of Euro 40 million in 2001, growing to
 over Euro 200 million by 2005. Easyplug's goal is to become the worldwide
 leader in powerline carrier solutions by providing finished products and
 communication modules through a worldwide sales and distribution network.
 Easyplug will also provide expertise in PLC applications to OEM customers
 serving consumer electronics and home contractor markets by developing world
 class custom PLC solutions.  By creating key partnerships with select PLC
 technology providers and actively supporting industry initiatives for PLC
 standardization, Easyplug will work to establish powerline carrier technology
 as a mainstream networking and connectivity solution.
     Today, Easyplug offers three core PLC products: the Wireless Phone Jack,
 which turns any AC outlet into a telephone connection, the Wireless Modem
 Jack, which enables a home modem to establish an Internet connection through
 any AC outlet, and the PLC interface module for home applications (heating,
 lighting, home automation) which provides integrators with the first
 development kit for PLC solutions based on the European Konnex standard.
     With headquarters in Grenoble (France) and US operations in Princeton, NJ,
 Easyplug's management team is Isabelle Guillaume, CEO, Geoffrey MacKenzie,
 Vice President - Sales and Marketing - Americas, Elisabeth Conraux, Vice
 President - Sales and Marketing - Europe, Christian Parniere, Vice President -
 Research and Development, and David Arragon, Chief Financial Officer.
     For more information about Easyplug, please visit us at
 http://www.easyplug.com
 
     This press release contains forward-looking statements regarding prospects
 for the future that involve a number of risks and uncertainties.  Among the
 factors that could cause actual income to differ materially from those
 expected are the following: business conditions and general economic
 conditions; competitive factors such as pricing and marketing efforts of rival
 companies; timing of product introductions; ability of contract manufacturers
 to meet product price objectives and delivery schedules; legislative,
 regulatory, and industry initiatives that may affect planned or actual product
 features and marketing methods; and the pace and success of product research
 and development. For more information on the potential factors that could
 affect the company's financial income, please review the relevant SEC filings.
 
     About Schneider Electric
     Schneider Electric is the worldwide specialist in electrical distribution,
 industrial control and automation through its world-class brands Merlin Gerin,
 Modicon, Square D and Telemecanique. It fulfils and anticipates its customers'
 requirements in the energy, construction, industry and infrastructure markets.
     Schneider Electric's 67,500 employees generated sales of Euro 9.7 billion
 in 2000 via 9000 sales outlets in 130 countries.
     For more information, visit http://www.schneider-electric.com .
 
     About Thomson Multimedia
     With sales of 9.1 billion euros (U.S. $ 8.3 billion) in 2000 and 73,000
 employees in more than 30 countries, Thomson Multimedia (Paris Sicovam: 18453)
 (NYSE:   TMS), provides a wide range of technologies, systems, finished products
 and services to consumers and professionals of the entertainment and media
 industries. To advance and enable the digital media transition, Thomson
 Multimedia has five principal activities: Displays and Components, Digital
 Media Solutions, Consumer Products, New Media Services, and Patents and
 Licensing. The company distributes its products under the popular THOMSON and
 RCA brand names.
     For more information, visit http://www.thomson-multimedia.com .
 
 SOURCE  Thomson Multimedia