This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Echelon Corporation International Success Recognized By U.S. Department Of Commerce With Export Achievement Award

Echelon Corporation ( NASDAQ: ELON) has been honored with the U.S. Department of Commerce's Export Achievement Award. The Export Achievement Award is sponsored by the U.S. & Foreign Commercial Service, the agency within the U.S. Department of Commerce that works directly with U.S. companies to promote international trade and export growth, to recognize U.S. businesses that have achieved competitive success in international markets. U.S. Congresswoman Zoe Lofgren presented the award to Ron Sege, chairman and CEO of Echelon, in a November 28 ceremony held at San Jose State University in San Jose, California.

Echelon has long been a pioneer in energy control networking systems to improve the efficiency of energy distribution systems and to manage energy usage in an intelligent and dynamic fashion. Echelon is headquartered in Silicon Valley and generated more than 70% of its revenue in 2010 from outside the U.S.

"It is an honor for us to receive this prestigious award. As international opportunities continue to increase for Echelon, exporting has become a large part of our growth strategy," said Sege. "Our approach of targeting countries with immediate, critical energy conservation needs is proving very effective. Our flexible sales strategy of selling energy control networking systems, sub-systems, or components, based on regional needs, has led to important projects in Europe, Russia, Japan, Brazil and China. We are proud of what we’ve accomplished worldwide with our proven, open standard, multi-application solutions, and we could not have done it without the hard work and dedication of our employees and the support of the U.S. Department of Commerce and particularly the staff of the Silicon Valley office of the U.S. Commercial Service."

"If America is to compete in the integrated global market of the future, it must do so through continuous innovation, and we must leverage our unique intellectual capital and entrepreneurial spirit to create the jobs of the future and reinvigorate our middle class," said Rep. Lofgren. "The capital of Silicon Valley is where the spirit of innovation drives our economy and succeeds like nowhere else in the world. Institutions like San Jose-based Echelon also embrace the global marketplace like no other region in the United States, which epitomizes Silicon Valley’s leadership in today’s global economy."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs