Echelon Corporation Announces Stock Repurchase Program(San Jose, CA– September 1, 2004) - Echelon Corporation (NASDAQ: ELON) announced today that its board of directors has authorized a stock repurchase program of up to 3,000,000 shares of the Company's Common Stock within a period of eighteen months, in accordance with Rule 10b-18 and other applicable laws, rules and regulations. Echelon will select a single broker/dealer to assist Echelon in repurchases made by the Company in connection with the stock repurchase program. "We believe that this stock repurchase program represents a great investment on behalf of our stockholders and a demonstration of our confidence and commitment to Echelon and its stockholders," said Ken Oshman, Echelon's chairman and CEO. About Echelon Corporation Echelon is a co-organizer with LonMark® International of the LonWorld® Exhibition, the world's largest event devoted to the networking of everyday devices, to be held October 20-21 in Shanghai, China. More information on the show can be found at http://www.lonworldexpo.com. ### Echelon, LonWorks, LonMark, LonWorld, the LonMark logo, and the Echelon logo are trademarks of Echelon Corporation registered in the United States and other countries. 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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