Echelon Corporation
Search Downloads How To Buy
 

Echelon Officer Establishes Trading Plan

(San Jose, CA - September 20, 2007) - Echelon Corporation (NASDAQ: ELON), a leading provider of networking technology that is used to manage and reduce energy consumption, announced today that Frederik “Frits” Bruggink, Echelon’s Senior Vice President and General Manager, Service Provider Group, has adopted a prearranged plan to trade specific amounts of Echelon stock over approximately three months, subject to certain price restrictions and other contingencies. The plan will be used by Mr. Bruggink to diversify his Echelon holdings as part of estate planning activities.

The plan is in accordance with Echelon’s insider trading policy and Rule 10b5-1 of the Securities & Exchange Act of 1934. Rule 10b5-1 permits the implementation of written, prearranged stock trading plans when insiders are not in possession of material non-public information, and allows the insiders to trade on a regular basis, regardless of any subsequent material non-public information they receive.

About Echelon Corporation
Echelon Corporation (NASDAQ: ELON) is a networking company that provides products and systems that can monitor and save energy; lower costs; improve productivity; and enhance service, quality, safety, and convenience by connecting everyday devices in utility, buildings, industrial, transportation, and home control systems. Tens of millions of smart devices based on Echelon’s LONWORKS® products and Networked Energy Services (NES) systems are used around the world today, bringing benefits to consumers and industry. More information about Echelon can be found at http://www.echelon.com.

###

Echelon, LONWORKS, and the Echelon logo are registered trademarks of Echelon Corporation registered in the United States and other countries.

Contact Information

Press Contact:

   

Julia O'Shaughnessy
Echelon Corporation
+1 (408) 938-5357
julia@echelon.com

Allyson Stinchfield
Atomic Public Relations
+1 (415) 402-0230 allyson@atomicpr.com

Polk Laffoon
Echelon Corporation
+1 (408) 938-3119 plaffoon@echelon.com

PDF version of this release