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Echelon And Industry Experts Honor Leading Smart Grid Companies With 2011 Innovator Of The Year Awards

Echelon Corporation ( NASDAQ: ELON) today announced that GreenWave Reality and System Level Solutions (SLS) have received its 2011 Innovator of the Year awards. The Awards were presented at Echelon’s annual Smart Grid Conference held on October 17-20 in Prague, Czech Republic.

The Echelon Innovator of the Year awards received by GreenWave Reality and SLS spotlight outstanding achievements and commitment in the areas of technology expertise and service specialization that result in new energy efficient services for customers. Participants in the Innovator of the Year awards were judged by both Echelon's Smart Grid Conference attendees and a panel of industry experts, comprised of energy utilities NRGi of Denmark and Vattenfall of Sweden and industry analyst firms Frost & Sullivan and Pike Research. Winners were selected based on uniqueness of innovation, usefulness of application and value to customers based on market need and benefits achieved. Ideal innovations are real-world tested and interoperable via open standards.

"I'd like to congratulate the winners of the Echelon Innovator of the Year award. GreenWave Reality and SLS represent some of the very best customer benefits and technical achievements of the Smart Grid," said Ron Sege, chairman and CEO of Echelon. "We are excited for these innovations because they will not only offer additional value and benefits to customers worldwide, but they also represent a commitment to true open standards such as Open Smart Grid Protocol."

"GreenWave Reality is honored to be aligned with an industry leader such as Echelon by receiving this prestigious award," said Martin Manniche, chairman and CTO, GreenWave Reality. "Our solutions deliver great value to consumers by marrying the power of the smart meter with advanced home services, while delivering on the future of the Smart Grid."

GreenWave Reality is a global innovator in the emerging Smart Home Services market, providing products and services that include energy visualization and management, connected lighting, smart heating controls and lifestyle services such as home monitoring. GreenWave Reality offers a standards-based monitoring and control platform, providing tools for utilities and service providers, which give increased visibility to energy usage on the grid while strengthening their relationship with consumers. GreenWave Reality offers consumers an affordable solution with an industry-leading experience to save energy and improve their lifestyle. The company is implementing its solution with a number of leading global utilities in Asia, Australia, Europe and the United States.

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