Echelon Corporation Announces Stock Repurchase(SUNNYVALE, Calif.-September 17, 2001) - Echelon Corporation (NASDAQ: ELON) announced today that its board of directors has authorized a stock repurchase program of up to 2,000,000 shares of the Company's Common Stock within a period of two years from the date of the first purchase under such program, in accordance with Rule 10b-18 and other applicable laws, rules and regulations. Echelon has selected A.G. Edwards & Sons as the broker/dealer to assist Echelon in repurchases made by the Company in connection with the stock repurchase program. "I am very happy that our board of directors has approved this stock repurchase program," said Ken Oshman, Echelon's chairman and CEO. "It demonstrates our confidence in our company and our commitment to our stockholders." About Echelon Corporation An American National Standards Institute (ANSI) standard, the LonWorks platform provides the infrastructure for some of the world's largest active home networking and energy management projects. Echelon is also a founding member of the LonMark® Interoperability Association, an open industry forum of hundreds of leading manufacturers, integrators, and users dedicated to promoting the use of interoperable LonWorks devices. Further information can be found at http://www.echelon.com. From October 23-24, Echelon and Messe Frankfurt GmbH are holding LonWorld™ 2001, the world's premier conference and tradeshow devoted solely to the LonWorks industry, in Frankfurt, Germany. Further information can be found online at http://www.LonWorldexpo.com. ### Echelon, LonWorks, LonMark, the LonMark logo, and the Echelon logo are trademarks of Echelon Corporation registered in the United States and other countries. LonWorld and Bringing the Internet to Life™ are trademarks of Echelon Corporation. Other marks belong to their respective holders. This press release may contain statements relating to future
plans, events or performance. Such statements may involve risks and uncertainties,
including risks associated with uncertainties pertaining to the price
at which Echelon may repurchase its common stock under the repurchase
program, the market for Echelon's stock, the timing and level of customer
orders, demand for products and services, acceptance of Echelon's products
for use in home networks, development of markets for Echelon's products
and services, and other risks identified in Echelon's SEC filings. Actual
results, events and performance may differ materially. Readers are cautioned
not to place undue reliance on these forward-looking statements, which
speak only as of the date hereof. Echelon undertakes no obligation to
release publicly the result of any revisions to these forward-looking
statements that may be made to reflect events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events. Contact Information
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