|Post IPO Valuation|
|Venture Round, 3/2011 ||$16M|
Echelon Corporation develops, markets, and sells system and network infrastructure products. In the building, home, industrial, transportation and other automation markets, the Company sells a line of control networking products to original equipment manufacturers (OEMs). OEMs design in, or embed the Company’s products into their products and systems. The Company’s line of LonWorks Infrastructure (LWI) network infrastructure products include transceivers, control modules, routers, network interfaces, development tools, and software tools and toolkits. For system integrators serving the street lighting, remote facility monitoring, and energy management markets, it has developed the i.LON SmartServer family of energy management products. For the electric utility industry, the Company has have developed a grid infrastructure system, the Networked Energy Services (NES) system. The NES system provides a two-way information and control path between the utility and its customer.