Your true colors shine on negative posts like these shorty! Wouldn't be surprised if you and your outfit have been accumulating shares at these low prices the past couple of years. Your views will turnaround soon.
Echelon part of a consortium along with Itron providing meters, etc in Lebanon. The first of many such deals in the Middle East.
Smart meters: Lebanon to deploy 1.2m units in major network upgrade
May 16, 2014
the state utility of Lebanon, Electricité Du Liban (EDL), will roll out 1.2 million smart meter units from June 2014, as part of a US$200 million programme to re-engineer and expand the network, improve customer services as well as reverse the company’s revenue losses.
EDL has selected three distribution service providers (DSP), or consortia, which are made up of energy companies such as France’s ErDF, engineering companies and metering suppliers, including Itron, Echelon, Sagem and ZIV and Souwaidi Metering.
Dr. Mounir Yehia, chairman of NEEDS, a consulting and engineering company appointed by the Lebanese government as the programme manager, explains: “The metering is part of the DSP project.
“In this concept, the network reengineering and expansion, and the smart metering deployment are contractually in the same hand.
He added: “Building the smartness has to be integrated with cleaning the network.”
In 2012, the DSPs were awarded four-year contracts to provide all network and customer services including deploying an average of 400,000 smart meters customers on successful completion of pilot tests, due for completion in June.
Itron, Echelon, Sagem and ZIV and Souwaidi Metering have commissioned around 4,000 meters across 25 sites of the Middle Eastern country since August 2013 as part of the pilot.
The full rollout will comprise 800 feeder meters, 14,000 transformer meters and 1.2 million customer meters.
The project will lead to savings of more than US$1 billion in four years, according to NEEDS.
Echelon is certainly positioned exceptionally well for a takeover whether that comes from Landis & Gyr, Honeywell, Google, Apple, Samsung, Intel, GE etc. Once the first takeover bid comes it could spur others to follow suit and become very entertaining to watch!
You should never buy a stock based on what you read on a message board.
Prescott Capital just increased their shares in the second quarter by nearly 500K shares and info isn't out yet on Royce. I think management will start feeling pressure from one or both of these groups to get the share price moving up.
Would have liked to have heard an update on Brazil/South America as well as China. The pilots in both of those areas should be far enough along to start translating into volume shipments in 2015. Also, Sege made it pretty clear they are developing their own total streetlight solution and he probably said that in light of Silver Springs acquiring StreetLight Vision this past week. I also like the idea of bringing in a proven VP of Sales, since the company now can cover RF as well as PLC this should be heavily marketed especially here in the U.S.
Agreed, and if Russia quiets down (which it seems they are ready to) that will get the deals flowing throughout Europe that have been temporarily stalled.
You're a contrarian indicator right? Echelon is heading up, get used to it!
Looks like Mitsubishi's smart meters will be utilizing Itron's data management software. This deal is 10 million smart meters, will they be using smart meters with components from Echelon?
US technology giant Itron has announced that Japan’s third largest utility Chubu Electric Power will use its smart grid software to collect data from around 10 million smart meters.
Itron’s flexible OpenWay Collection Engine software, which will be deployed at the utility by Mitsubishi Electric Corporation, will collect and relay data from field routers and smart meters to the utility’s meter data management system.
From Echelon PR 5/21/2013
TOKYO, May 21, 2013 – Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will globally enhance business relating to smart meters, which are advanced electricity meters with communication functions, in collaboration with its partner Echelon Corporation (NASDAQ: ELON). Mitsubishi Electric will integrate Echelon's Open Smart Grid Protocol (OSGP) into its lineup of smart meter products, which are designed for international markets.
Mitsubishi Electric's new smart meters will incorporate grid-sensing and communication technologies based on Echelon's OGSP and its Networked Energy Services (NES) software as well as Mitsubishi Electric's proprietary sensing and metering technologies. The products will be manufactured at Mitsubishi Electric Automation (Thailand) Co., Ltd. in Bangkok, Thailand and PT. MELCOINDA in Bogor, Indonesia, both international subsidiaries of Mitsubishi Electric. The new meter will be exhibited at Metering, Billing, CRM ASIA 2013, which will be held in Bangkok, Thailand from May 22 to 23.
They're crossing the t's and dotting the i's with the VAR's on the contract details.
And, Echelon is totally in the thick of it.
Utilities must get ready for Electricity 2.0 and decide what role they want to play in the next phase of electrical power’s evolution, Jesse Berst, chairman of the Smart Cities Council, said this week at the Siemens Smart Grid Software Leadership Conference in Orlando, Florida.
Mr Berst, who gave one of the keynote addresses to the audience of utilities and software users, said: “We are in a time of transition and the electric power industry is so central to changes that we need to make in the next few years.
“The traditional utility business model will not sustain a modernised electric power industry.
He added: “We are reinventing electricity from top to bottom, end to end, to make it clean and renewable. Everything is changing – from how we use electricity to what we use it for and how we deliver it”
Seattle-based Berst estimates that the US smart grid industry is about three years into a 10-year cycle of development. “Technology is ready and eagerly waiting to help you, stakeholders are ready and it won’t last. China won’t wait and the fact that Google spent so much on Nest Labs suggests they’re getting ready too.”
Berst concluded with an appeal for utilities to be “intentional” in their role in the new smart grid and to decide in advance what role they wanted to play because “the decisions that we make now, are going to last for decades”, he said.
Vision of the future
Thomas Zimmermann, CEO, Siemens Smart Grid Services continued the theme of transformation and the need for utilities to prepare for change.
Mr Zimmermann shared the Siemens vision of a number of different grids – from a transmission super grid to micro and nano grids – managed by the transfer of data.
He said: “We see a number of different energy cells making up the grid – from power plants, community, dedicated storage, and beyond electricity, like thermal grids, heat exchange, and ICT.
“This is the vision but we can take a step-by-step approac
This was announced before Echelon's quarterly conference call and while Sege didn't directly comment about this acquisition, he did say they were already working on a complete solution for streetlighting.
I think it is related to Echelon since they have had a business relationship (with Streetlight) that predates SSNI and I think Sege wanted to make it clear on the call that the company was developing their own complete solution.
Yes, good news for AMSC. After all the bad news they've had the past few years its good to see the shareholders have something to be happy about.
You should catch the Showtime documentary on Cheney, it's hilarious as he is interviewed throughout the piece and getting slammed by the narrator and the info throughout. They talk about Bush going bonkers with Cheney and hardly spoke to him the final couple years of his presidency and since he's left office. Cheney's wacko and probably has a bit of dementia from all of the heart ailments he's suffered.
And, Royce increased their shares in Echelon over the first quarter and there is also TFS who initiated a new position that is also a top notch fund family.
By the way, I have a family member that moved to Cincinnati several months ago that I talk to frequently by cell and our calls get dropped all the time and we're both on AT&T. The landscape is pretty tricky there, lots of hills, and probably the reason Duke went with PLC.