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Echelon Corporation to Hold Annual Shareholders' Meeting May 17th, 2002

Live Web Broadcast to be Available at www.echelon.com

(SAN JOSE, CA - May 13, 2002) - Echelon Corporation (NASDAQ: ELON) will be holding its annual shareholders' meeting Friday May 17th, 2002, at the Hilton San Jose & Towers, Almaden Ballroom One, 300 Almaden Boulevard, San Jose, CA. The meeting will begin at 9:30am PDT.

For shareholders and others unable to attend, a live media stream of the slide presentation and audio portion of the meeting (listen only) will be available at http://www.echelon.com. A recording of the audio portion of the meeting and presentation will be available via Internet streaming beginning at 2:00pm PDT at http://www.echelon.com.

About Echelon Corporation
Echelon Corporation is the creator of the LonWorks® platform, the world's most widely used standard for connecting everyday devices such as appliances, thermostats, air conditioners, electric meters, and lighting systems to each other and to the Internet. Echelon's hardware and software products enable manufacturers and integrators to create smart devices and systems that lower cost, increase convenience, improve service, and enhance productivity, quality, and safety. Thousands of companies have developed and installed more than 18 million LonWorks based devices into homes, buildings, factories, trains, and other systems worldwide.

The protocol underlying LonWorks networks and the signaling used by Echelon's power line and free topology transceivers have been adopted as standards by the American National Standards Institute (ANSI). Echelon is 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. More information about LonMark interoperability is available at http://www.LonMark.org. Further information regarding Echelon can be found at http://www.echelon.com.

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Echelon, LonWorks, LonMark, the LonMark logo, and the Echelon logo are trademarks of Echelon Corporation registered in the United States and other countries. Other marks belong to their respective holders.

Contact Information

Press Contact:

Investor Relations Contact:

Steve Nguyen
Echelon Corporation
+1-408-938-5272
qnguyen@echelon.com

Chris Stanfield
Echelon Corporation
+1-408-938-5243
cstanfield@echelon.com