They have developed a product that can be widely used with the tremendous upside. This isn't like the metering business where you have to WAIT years for a decision from a utility or government to move forward with a solution that only addresses half of the problem.
Echelon will exhibit their Lumewave™ Powerline-RF Gateway, a next-generation outdoor lighting control solution, which seamlessly integrates power line and wireless--two of the most widely used connectivity technologies. We believe this to be an industry exclusive. Apurba Pradhan told us that he belives every single light should be intelligently controlled, and Lumewave™ Powerline-RF Gateway enables cities to mix and match connectivity options, using wired and/or wireless links. He went on to explain that this is especially important when retrofitting decorative or historic luminaires. Booth 4501.
Effective corporate governance—from the boardroom to day-to-day management—forms the foundation of solid long-term company performance. That’s why when missteps happen, traditional analysts often look for leadership problems, such as rogue management teams or passive boards. ESG (environmental, social and governance) analysts extend the traditional view by prioritizing ongoing research into all aspects of governance, including the board of directors, management and shareholders.
A Diligent Board of Directors
A board of directors must be active and independent, both to provide effective guidance for a company and to maintain alignment with the shareholders. Indicators of a highly effective board include:
• separation of the CEO and board chairperson roles
• diligent oversight of company performance and strategic goals
• a diverse membership that brings a variety of points of view
• annual performance reviews of board members, including skill sets and competencies
• willingness of the board chair to address underperforming board members
Management That Puts Shareholders First
Compensation structure, ethical business practices and management transparency are key areas of concern for shareholders.
Long-term shareholders will see greater benefits if management compensation is more heavily skewed toward long-term incentives. Furthermore, performance metrics and specific targets should be disclosed annually so investors can understand and track management performance relative to goals set by management. An emphasis on equity compensation over cash also helps to align management incentives with shareholder interests.
A track record of ethical business practices is an important signal that management is avoiding unnecessary risks to shareholder value. Finally, management transparency about future plans allows shareholders to make informed decisions.
Shareholder Activity and Management Responsiveness
Shareholders may raise a variety of issues, such as board members not acting
He looks the part and has excellent experience.
Echelon Corporation (ELON), a leading independent control networking company for the Industrial Internet of Things (IIoT), today announced the appointment of Rick Schuett as Senior Vice President of Worldwide Sales. Schuett brings more than 20 years of leadership, core lighting experience, and proven sales success to the Echelon team. Rick will drive the Company’s go-to-market strategies in both the lighting and the LonWorks-based embedded systems business.
"We are very pleased that someone with Rick’s stature and experience has joined our leadership team and will be guiding our sales organization to the next level,” said Ron Sege, CEO and Chairman, Echelon Corporation. “Rick’s global experience, deep relationships, and rich industry knowledge have been instrumental and key to his success. We look forward as Rick continues to develop a top-notch, customer-focused sales organizations for Echelon.”
Aside from his core lighting experience, Schuett’s industry experience extends to the building tech, energy, renewables, IIoT, and Software-as-a-Service (SaaS)-based solutions.
Prior to Echelon, Schuett served in executive sales roles at NXEGEN LLC, Autani Corporation and Encelium Technologies. Rick played key roles at Lutron Electronics where he worked for 20 years. Schuett received his Bachelor of Science degree in Mechanical Engineering, with an Energy Systems concentration, from Rensselaer Polytechnic Institute.
Anyone still know if Echelon is still working with Tesla? How about Intel and some of the other tech companies like Intel who they have worked with and would now be considered part of IIOT? More jobs posted on the web site than in the past year and the auto case studies show an extremely strong ROI proposition. There have been some recent meter awards in Europe with companies Echelon has worked with in the past. With the end of the first quarter in this week looking forward to the cc and updates on further progress. I think the building blocks are in place for a strong bounce in the share price over the next several months.
A progressive town like Cambridge Mass is installing Echelon's systems of lighting controls as well as another cutting edge town, Bellingham Washington. It would be a great fit for Edina as well. The products are great, the reliability of the controls is fantastic and the savings provided by the solutions are proven.
In previous calls he has mentioned auto dealerships, bank branches, and other retail type centers.
Just need more of this:
Dave Knapp Ford cut their annual energy costs by 84% by paring their upgrade with lighting controls! Can you guess how much of those savings was directly attributed to Echelon lighting controls? 55%!
You're right, I now recall them mentioning the best opportunity in the immediate short term were the midsize market due to quick decision making times.
Enel has had years where they didn't purchase any equipment but has returned. They may be gone this time around but that would be a major investment by Enel to go in a different direction at the same time they have been saving upwards of over 500 million a year in efficiencies from their current model using Echelon data concentrators. In any event, maybe the new business coming from S&T and NES will fill the void. You would think NES wouldn't have been acquired if they only have one deal in the tank and I believe there is some new business in the pipeline coming from Europe. Regarding the lighting, there is plenty to be optimistic about whether it is auto dealerships, bank branches, shopping centers, suburban cities, etc. They just need to get out there and sell, sell, sell, sell...