Echelon's Open Systems Alliance Expands with Acquisition of CSI by TAC AB(ATLANTA, Georgia - January 29, 2001) - Echelon Corporation (NASDAQ: ELON) and TAC AB announced today at the 2001 International Air Conditioning Heating Refrigerating Exposition (AHR Expo) that the field offices of CSI Control Systems International, Inc. have become part of Echelon's Open Systems Alliance (OSA). The acquisition of CSI by TAC AB, which took place in September 2000, created the world's fourth-largest building automation company and fastest-growing global building controls supplier with more than 2,000 employees and combined revenues for the year 2000 surpassing US$300 million. As part of the alliance, TAC will co-brand its field offices as TAC LonWorks® Integrators and Echelon OSA members. Additionally, as part of TAC's continued expansion as an OSA member, the company announced that it will resell its LonMark® certified product line through companies certified as Echelon Authorized Network Integrators. "TAC is highly focused on customer solutions in the building industries - ones that are open, interoperable and LonWorks based," said Anto Budiardjo, TAC's director of marketing. "Our Building IT concept is the perfect complement to Echelon's vision as embodied by the OSA. When we looked at growth strategies on a global basis, it was clear that a worldwide, open, standards-based automation platform was a key component for satisfying the building owner's need to manage the complex information found in buildings today. The Building IT concept articulates our focus on Information Technology for Buildings. The LonWorks platform, utilizing LonMark interoperability and Echelon's LNS™ Network Operating System, provides exactly that." Building IT drives TAC's intent to develop, produce, and market products and open systems solutions and services that improve the indoor environment and provide the building owner with lower operating costs and more attractive properties that utilize the best technology. "We're extremely pleased that our relationship with TAC is moving forward at such a rapid pace," said Kevin Lynch, Echelon's director of channel marketing. "TAC is a truly global partner that is a world leader in both their vision of what automated buildings should be and their use of cutting-edge technologies like LonWorks to deliver best-of-breed solutions to their customers." Serving the HVAC&R industry for over 70 years, AHR Expo was established in 1930 by the International Exposition Company. The show features the latest air-conditioning, heating, refrigeration and ventilation equipment from the industry's leading manufacturers. Held concurrently with ASHRAE's Winter Meeting, AHR Expo is the largest HVAC&R event in North America. Echelon is exhibiting in booth 2319 and TAC in booth 6291 at this year's AHR Expo. More information about the event can be found at http://www.ashrae.org. About Echelon Corporation Echelon is based in Sunnyvale, California with international offices in China, France, Germany, Japan, Korea, The Netherlands, and the United Kingdom. Further information can be found at http://www.echelon.com. About TAC AB TAC has subsidiaries in the Nordic countries, the United Kingdom, Germany, Poland, Russia and Singapore along with a representative office in China. A network of associated partners spans more than 40 countries. The estimated revenue for TAC in 2000 is approximately US$300 million. Additional information is available on the Internet at http://www.tac.se. About The LonMark Interoperability Association Further information on the LonMark Interoperability Association and its members can be found on the LonMark Association website at http://www.LonMark.org. ### Echelon, LonWorks, LonMark, the LonMark logo, LonTalk, and the Echelon logo are trademarks of Echelon Corporation registered in the United States and other countries. Bringing the Internet to Life and i.LON 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 timing and level of customer orders, demand for products and services, 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
|
||||||
 |