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

Stocks in this article: ELON

Now let me turn to updates on our Utility business. Large scale deployments at Duke, Fortum, Landis and NRGi are ongoing. Our deployment with Fortum, Finland is exhilarating with Zigbee wireless and Echelon power line communication links, connecting the Fortum grid with home area networks to provide multi-application support. We are excited about our new power line connectivity option as we believe it will provide a highly reliable connection to customers' in-home displays and controllers. Our meters with home power line connections are currently shipping with hardware support to be followed early next year by the remotely upgradable enabling COS software. We have several other small wins this quarter including in Denmark, Russia and Switzerland. In general, political support for the Smart Grid remains strong in Europe where Smart Grid rollouts are deploying at a steady pace and pushing the envelope in terms of applications.

Read the rest of this transcript for free on seekingalpha.com

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