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Echelon's CEO Discusses Q3 2011 Results - Earnings Call Transcript

Echelon (ELON)

Q3 2011 Earnings Call

November 03, 2011 5:00 pm ET


Oliver R. Stanfield - Chief Financial Officer, Principal Accounting Officer and Executive Vice President of Finance

Ronald A. Sege - Chairman, Chief Executive Officer, President and Member of Stock Option Committee

Annie Leschin - IR


Benjamin Schuman - Pacific Crest Securities, Inc., Research Division

Craig E. Irwin - Wedbush Securities Inc., Research Division

Sean K.F. Hannan - Needham & Company, LLC, Research Division

Mark Sigal - Canaccord Genuity, Research Division

Dale Pfau - Cantor Fitzgerald & Co., Research Division

Patrick Sullivan

Joseph A. Maxa - Dougherty & Company LLC, Research Division

Colin W. Rusch - ThinkEquity LLC, Research Division

Elaine Kwei - Jefferies & Company, Inc., Research Division

Christopher M. Kovacs - Robert W. Baird & Co. Incorporated, Research Division



Good afternoon, ladies and gentlemen, and welcome to the Echelon Third Quarter 2011 Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded for replay purposes. And I would now like to hand the call over to your host for today, Ms. Annie Leschin, Investor Relations. Please proceed.

Annie Leschin

Thank you, Operator. Hello, everyone, and thank you for joining us this afternoon for our third quarter 2011 earnings conference call. With me on today's call are Ron Sege, Chairman and Chief Executive Officer; and Chris Stanfield, Executive Vice President and CFO. Both of whom will present prepared remarks. By now, you should have received a copy of the press release that we issued a short time ago. If you would like a copy, please visit our website at Additionally, this quarter, we're going to refer to a set of slides that we have posted on the IR section of our website to help walk-through the quarterly results and outlook for our markets. Before we begin, I'd like to let everyone know that in the quarter, Echelon will be participating in NASDAQ OMX and Tech America Conference on November 7 in San Diego, The Stephens Fall Investment Conference on November 15 in New York, The Raymond James Fall Investor Conference on November 17 in Boston, The Baird Clean Tech Conference on November 30 in San Francisco and the Goldman Sachs Clean Energy and Power Conference on December 8 and 9 in New York City. If additional events are scheduled, we'll make other announcements. Now, I'd like to remind everyone that during the course of this call, we may make statements related to our business outlook, future financial and operating results, accounting matters and overall future prospects. These forward-looking statements are based on certain assumptions and are subject to a number of risks and uncertainties. We encourage you to read the risks described in our press release as well as in our SEC reports, including our report on Form 10-K and subsequent reports on Form 10-Q for a more complete disclosure of the risks and uncertainties related to our business. The financial information presented in this call reflects estimates based on information that is available to us at this time. Actual results could differ materially. Echelon undertakes no obligation to update or revise these forward-looking statements. And guidance will not be updated after today's call until our next scheduled quarterly financial release.

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