DALLAS, Dec. 8, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Echelon Corp. (Nasdaq:ELON). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
It is available at: http://www.beaconequity.com/i/ELON
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Echelon Corp. (ELON) engages in the manufacturing of products used in the "smart grid." The Company's NES System is the backbone of the smart grid, and is used by utilities to effectively monitor and manage the grid. The Company's LonWorks Infrastructure products connect devices to each other on the grid and through the Internet. LonWorks is designed to lower energy costs, improve productivity and enhance services to power company end-users.
In the report, the analyst notes:
"According to research firm, GlobalData, the smart meter revenue growth rate is expected to reach 24% in 2009 from 2008. Installations of smart meters are anticipated to increase well into double-digit annual rates during the next decade. Inherent technical barriers have discouraged the assimilation of new energy sources into the grid. However, smart grid technologies will lower these barriers and enable the introduction of new energy sources onto the Grid.
The Company has invested heavily in research and development of hardware and software products of the advanced metering infrastructure (AMI) market. ... Company revenue of approximately $166.7 million has been generated from this market, with a substantial level of revenue derived from Enel Contatore Electtronico's electricity meter management project in Italy. Analysts believe the Company will be a major competitor in the Smart meter space, with the chance of being bought by General Electric or other bigger competitor."
To read the entire report visit: http://www.beaconequity.com/i/ELON
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