Enel press release a couple weeks back
Someone talk me out of the belief that endessa is not using elon meters. Sure reads like they are going to, all 13 million at least
More smoke in Spain:
Meters and More standards website discussing technology basis for endessa deployment....Click on technology and references. :http://www.metersandmore.com/
Echelon strategic partners with E-ON:http://echelon.com/partners/nespartners/nes_smartgrid_partners.htm
E-On projects using ELON
Sweden:They used a mix of both ELON and Landys+gyr
I still don't know if they will use ELON for sure, but if they don't my concerns about the company will turn into serious doubts
My take is that Meters and more is not using an NES meter, and E.ON Spain is supplying meter management software of their own. Just because E.ON is a VAR, that doesn't mean they don't offer solutions that have nothing to do with Echelon. It's like when Telvent announces a contract using their sotware program and some people on here get excited like it somehow involves echelon. Most of the business generated by Echelon VARs has nothing whatsoever to do with Echelon. I wish people would come to grips with that. Frankly, I don't think there is any chance at all that Echelon will be supplying meters to Enel projects. I do think that Enel might be interested in our Edge control node.
You are correct. She only stated that they are not involved in the project at this time. That project is still years away as all seem to be. But That's why I continue to say Enel is the quickest hope for a launchpad. Their time to market should be nil after working with ELON all of these years. Maybe ECoS is the only product for their SmartGrid 2.0 in Italy. But why take out such a big LOC unless they have big plans? Can't figure it out.
Two thoughts regarding their response.
First, given ENEL's heavy involvement with Endessa and ownership of $3million shares I will be shocked if ELON isn't GOING to be involved in this project in some way, shape, or form. I find it hard to believe ENEL's CEO joins the board if this project doesn't become ELON. If this doesn't become an ELON project we have even bigger questions about the company.
Second, they do list STM as a manufacturer of the Power line transceivers per their Annual report last year. They state they compete with them in their commercial side of business but not on the utility side per the report. If STM is now building exclusively the smart meters than we have another issue on our hands.
I also received the same response from IR about stock price. Even if Sege or one of the Board actually bought some stock, I don't care if it was only a 100 shares, it would help stop the bleeding. Today is nice, but I am not full of confidence that we won't be see-sawing back down tomorrow or Wed.
Great find. 13M meters applying same revenue/meter (not including any ECOS) would be $10-$15/meter = $130M-200M over 3 years (13 million BY 2015) would avg. $45M-65M revenue to ELON over next 3 years. Even if backloaded could add 20%> revenue growth for 2012, 30%> revenue growth for 2013 and 35% revenue growth for 2014. That is not factoring in ELO/Holly. This revenue growth would be conservative using low end of $10/meter @130M revenue over next 3 years and not including ECOS. Could make for significant stock rise is materializes which looks very promising!!! Again Great Find -- Given ENEL continued ELON customer/invertor/board member, couldn't imagine ENEL using any other technology. So it would be a matter of time before the announcement. With Duke coming online in 2013 in Indiana once they resolve IURC political flaws, revenue should be substantial in 2013 and 2014. JMO!!! Anyone like to extend input???