- Echelon Corporation (ELON) and OSRAM GmbH, a wholly-owned subsidiary of Siemens AG, and one of the leading light manufacturers in the world, today announced that OSRAM will offer a standards-based street lighting management system that incorporates control networking technology from Echelon corporation. OSRAMs light management system will work with a range of luminaires - from emerging technologies such as LEDs to existing technologies such as induction lighting. Relative to just using high efficiency lamps, OSRAM's street light management system can further lower energy use by up to 40 percent and reduce the cost of operating the street light infrastructure.
"OSRAM offers comprehensive light management systems for different applications", said Matthias Fiegler, head of Outdoor Systems at OSRAM GmbH. "Our solution is built on the open ISO/IEC 14908 standard and implemented using Echelon's Power Line Communications (PLC) transceivers and segment controllers. Using standards allows us to deliver a highly reliable and scalable solution that gives our customers maximum flexibility for the future."
"By designing to open standards and building on proven technology from Echelon, OSRAM can add differentiating capabilities and quickly bring their solution to market," said Varun Nagaraj, senior vice president at Echelon. "We look forward to strengthening our partnership with OSRAM as we collectively pursue our vision of street lighting energy efficiency and quality."
The real problem is NOT Echelon or it's products..it's fact that the entire industry has been on "pulse" for 4 years and is still a year or two off from picking up significant steam...
If they weren't finally working on at least breaking even I wouldn't be in now. They're making some progress on that front without major new contracts and that's a good thing and what will turn this stock around.