Leading European Consumer Goods Manufacturer Gorenje, d.d. Adopts Echelon's LonWorks Platform.Business Editors SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--June 7, 2004 Echelon Corporation Echelon Corporation (NASDAQ: ELON) designs control networks to connect machines and other electronic devices, for the purposes of sensing, monitoring and control. (Nasdaq:ELON), the creator of the LonWorks(R) device networking Using an Ethernet LAN to interconnect sensors, instruments, machine tools, medical monitors, restaurant appliances, POS terminals and other devices. In the mid-1990s, Comtrol Corporation created the first "device server," which converts serial transmission to Ethernet, enabling platform for connecting everyday devices to each other and the Internet, and Gorenje, d.d., Slovenia's largest exporter of household appliances and one of Europe's largest household goods manufacturers, today announced that Gorenje's next generation networked home appliances will be based on Echelon's LonWorks technology. Gorenje is incorporating Echelon's market leading power line signaling
Line signaling is a class of telecommunications signaling protocols. Line signaling is responsible for off-hook, ringing signal, answer, ground start, on-hook unidirectional supervision technology into a new range of LonWorks based appliances targeted at the mid-to-high end European consumer appliance market. The new line of appliances is scheduled for market introduction in Q2 2005 and is planned to include refrigerators, dishwashers, microwave ovens, and conventional ovens to provide consumers with a complete, intelligent kitchen. These products will be designed to actively lower energy costs while improving performance, reliability and convenience. Gorenje's appliance strategy includes the delivery of value-added services for consumers such as advanced appliance diagnostics and monitoring via a broadband service See broadband and broadband service provider. gateway utilizing Echelon's OSGi(TM) LonWorks Bundle. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Franjo Bobinac, Gorenje's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and chairman, "We see a strong market trend toward a higher quality of life, greater safety, and a growing demand for increased quality of service across all sectors in the consumer market. We intend to meet that demand by partnering with Echelon to deliver kitchen and home appliances that have extremely high intrinsic value Intrinsic Value 1. The value of a company or an asset based on an underlying perception of the value. 2. For call options, this is the difference between the underlying stock's price and the strike price. , connect to value-added service portals, and most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , deliver on the promise of the digital lifestyle so many consumers are demanding. Further, we are determined to create an open network environment for consumers of our products -- one that is standards-based, provides the freedom to choose products from any vendor, and is supported worldwide. We selected Echelon's power line signaling technology and the LonWorks platform because it is the only solution available today that meets all of our criteria." In addition to partnering with Echelon, Gorenje has joined the LonMark(R) International trade organization to support the definition and propagation of open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced for home appliances worldwide and has become active in the LonMark Task Group for Appliances. The company is also working with Echelon and LonMark on furthering cooperation between the European appliances standards group (CECED CECED Conseil Européen de la Construction d'Appareils Domestiques (French: European Committee of Domestic Equipment Manufacturers) ) and the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. appliances standards group (AHAM). "We're delighted that Gorenje has decided to create networked products and solutions that can have such a positive impact on people's lives," said Ken Oshman, Echelon's CEO and chairman. "Gorenje's artistic industrial designs and advanced features make their products very attractive and set them apart from the mainstream. We believe that Gorenje's adoption of Echelon's power line technology, open standards, and interoperability will allow them to deliver networked products that offer the same level of choice and compatibility that consumers enjoy today in non-networked products. In choosing to add networking to their products in this manner, Gorenje should gain a competitive edge -- setting the stage for creating a better customer experience, offering advanced new services, and generating greater brand loyalty." Gorenje is adopting Echelon's PL 3120(R) and PL 3150(R) Power Line Smart Transceivers to leverage existing power in homes and eliminate the need for additional network wiring. Echelon's OSGi LonWorks bundle will be embedded in Gorenje's home gateway to allow dynamic services that leverage the LonWorks network to be deployed through Gorenje's home services Web portal See portal. . The OSGi service platform is an international standard that allows for the dynamic delivery of services to connected devices across broadband gateways. Potential services to be provided by Gorenje include advanced predictive warranty, remote diagnostics Vehicle Diagnostics Vehicle diagnostics enables a mechanic to diagnose the exact mechanical condition of the vehicle and its systems and components. Remote Diagnostics enables to perform such diagnosis without requiring the vehicle to physically be present for checkup. , preventative remote maintenance, energy management and other services. About Gorenje Group Gorenje is an international corporation with a diversified network of 47 companies in Slovenia and abroad. It is the largest Slovene net exporter with 93% of total sales delivered to customers outside Slovene in more than 60 countries. Over 75% of sales are under "gorenje" or own brand names. Gorenje operates in five business areas: manufacture and sale of household appliances, manufacture and sale of furniture, production and sale of water heaters, tools and equipment for industry, provision of services and environment protection which encompasses waste management and energy trading. It is a member of European Association of Producers of Household appliances-CECED. Gorenje, d.d. is listed on the Ljubljana Stock Exchange The Ljubljana Stock Exchange is the principal stock exchange in Slovenia. It is located in the capital city of Ljubljana and its name is abbreviated to LJSE. Operations Stock indices Stock indices at the Ljubljana Stock exchange include: 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 LonWorks products and more than 40 million LonWorks enabled processors have been shipped for use in homes, buildings, factories, trains, and other systems worldwide. Echelon, LonWorks, 3120, 3150, LonWorld, LonMark, the LonMark logo and the Echelon logo are registered trademarks of Echelon Corporation registered in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and other countries. LonSupport is a trademark of Echelon Corporation in the United States and other countries. This press release may contain statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future plans, events or performance. Such statements may involve risks and uncertainties, including risks associated with uncertainties pertaining to the timing and level of customer orders, demand for products and services, development of markets for Echelon's products and services; risks associated with market acceptance of LonWorks based products and services leveraging LonWorks based products offered by Gorenje; risks associated with the successful integration of Echelon's power line signaling technology into Gorenje's products; 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. |
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