12/5/2003 - Echelon Corporation (NASDAQ: ELON) announced the next phase in its strategy to establish its Network Energy Services (NES) system as an open standard for intelligent electricity metering systems by launching a NES Value-Added Reseller (VAR) program with Telvent as the inaugural participant. Telvent, a worldwide supplier of information technology (IT) and related services, is the IT subsidiary of Abengoa (MCE:ABG.MC) , one of Spain 's largest applied engineering and process management companies. The NES VAR program is expected to expand the worldwide NES system marketing, sales, and support channel. Echelon's NES system provides an open, bidirectional, and extensible infrastructure that enables a comprehensive range of utility applications that can bring benefits to every aspect of a utility's operation, from metering, to customer services, to distribution operations, to value-added services.
"We believe that Echelon's NES system will greatly expand the market for metering systems, and that is why we are adopting it as the basis of the metering systems that we will offer to our utility customers worldwide," said Mr. Manuel Sánchez Ortega, Telvent's CEO. "The NES system provides a very compelling business case to our customers by transforming the electrical infrastructure into a two-way communicating network with new intelligent meters that enable a broad set of services that bring cost savings, efficiency gains, and revenue enhancements. By basing our solutions on Echelon's NES system we gain a complete, reliable, cost-effective meter-to-operations center infrastructure through which we can extend our utility applications business."
The NES VAR program is designed to establish Echelon's NES system as a global standard for intelligent metering systems by enabling companies that provide products and services to the utility industry to adopt and adapt the NES infrastructure as the basis for their end-to-end metering solutions sold under the NES Powered by EchelonTM branding program. It creates an opportunity for companies to offer high-value project management and installation services, software applications, new services such as outsourced meter reading, and meters customized for local market needs —built upon a highly reliable, highly functional network infrastructure consisting of enterprise software based on the Echelon's PanoramixTM enterprise software platform, powerful IP connected data concentrators, and a family of intelligent, communicating electricity meter boards that can be built into customized meters by the VAR.
"We are excited to launch the NES VAR program and pleased to announce Telvent as our first NES value-added reseller partner," said Mr. Ken Oshman , Echelon's chairman and CEO. "Telvent brings several important attributes to the NES program. They have extensive expertise in large scale project management, software applications development, and the coordination of large installation teams. They have existing relationships with many utilities, especially in Spanish speaking countries. Telvent also represents a potential second source of NES compatible solutions, which is important for many utilities as they look to adopt a new metering platform. The result, we believe, will be an increased adoption of our NES system infrastructure worldwide."
Telvent is Abengoa's Information Technology subsidiary, specializing in IT solutions with high technological added value for specific industrial sectors such as Energy, Environment, Traffic, Transport, Telecom and Public Administration. Telvent is a leading supplier to these industries in Spain, North America, Latin America and Asia. Abengoa is an industrial and technology company with a capitalization of more than 500 million euros (31/12/2002).
With over 40 years experience in industrial supervisory control and business process management systems, Telvent executes projects and provides technical services in the field of mission-critical, real time, control and information management. With the most comprehensive portfolio of outsourcing and consulting services, and employing a technology-neutral philosophy, Telvent manages IT and telecommunications infrastructure for many international clients. The company employs over 2,100 professionals, located in Excellence Centers of product development and Competence Centers worldwide. More information can be found about Telvent and Abengoa at www.telvent.com.
Echelon Corporation (NASDAQ: ELON) is the creator of the LonWorks platform, the world's most widely used standard for connecting everyday devices such as appliances, thermostats, air conditioners, electric meters, and lighting systems to each other and to the Internet. Echelon's hardware and software products enable manufacturers and integrators to create smart devices and systems that lower cost, increase convenience, improve service, and enhance productivity, quality, and safety. Thousands of companies have developed and installed LonWorks products and more than 30 million LonWorks enabled processors have been shipped for use in homes, buildings, factories, trains, utilities and other systems worldwide. Further information regarding Echelon can be found at http://www.echelon.com.
Echelon, LonWorks, and the Echelon logo are trademarks of Echelon Corporation registered in the United States and other countries. Panoramix and NES Powered by Echelon are trademarks of Echelon Corporation in the US and other countries.
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