2/12/2002 - At a joint press conference today, Fuji Electric (TSE:6504) announced a number of initiative designed to expand the use of Echelon Corporation's (NASDAQ: ELON) LonWorks® system within the Japanese market and the Fuji Electric Group. Fuji Electric, a member of the Furukawa Group and parent company of Fujitsu Ltd., is Japan's largest provider of control systems. In addition to developing LonWorks based products, Fuji announced that it will join Echelon's Open Systems Alliance program and become an integrator of open LonWorks networks, that it will become an authorized Echelon training center, and that it will add a dedicated LonWorks sales organization for sales within the Fuji Group, to other OEMs, and to network integrators. Additionally, Fuji announced its intent to expand its role in the LonMark® Interoperability association from a partner member to sponsor member. As a LonMark sponsor, Fuji will become part of the organizations board. In total, Fuji expects to invest more than $4 million and have more than 200 engineers and sales people dedicated to LonWorks related projects during its 2002 fiscal year.
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