This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Stocks in this article: ELON

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,087.52 +57.31 0.32%
S&P 500 2,091.07 +9.19 0.44%
NASDAQ 4,797.3530 +23.8810 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs