Echelon Earns Recognition in 2017 Illuminating Engineering Society (IES) Progress Report
Echelon InSight™ Cognitive Vision System Recognized as Significant Achievement
SANTA CLARA, Calif., Aug. 15, 2017 /PRNewswire/ -- Echelon Corp (NASDAQ:ELON), the original Industrial Internet of Things (IIoT) company, today announced that the IES Progress Committee has recognized the Echelon Insight Cognitive Vision System for inclusion in the 2017 Progress Report. Each year, products, research and activities that showcase significant technical advancement in the art and science of lighting are honored.
"We are excited by the customer response to this cutting-edge new technology, which marries artificial intelligence with street light based sensors to drive improved lighting and energy savings. We're honored to be recognized by the IES for this innovation," said Ron Sege, Echelon CEO and Chairman.
Echelon Corporation recently unveiled this patent-pending cognitive vision-based technology that can enable a wide range of smart city and safe campus applications. The Echelon InSight system utilizes artificial intelligence in vision-enabled edge devices, optimized for Industrial Internet of Things (IIoT) applications.
The first application of Echelon's new technology has been to provide traffic-adaptive lighting in Spokane, Washington. The InSight Cognitive Vision System was deployed on traffic intersection streetlights where it analyzes traffic flows and intelligently adjusts light levels to enhance safety while reducing energy consumption and maintenance costs. With the InSight system, each unit analyzes video streams locally and makes decisions about what light levels to set based on traffic volumes and conditions, triggering higher levels during peak hours and lowering light levels during non-peak hours. The solution leverages Echelon's industry-leading connected streetlight control system, along with the trend by cities and campuses to upgrade to LED lighting.
LED streetlight conversions typically reduce electricity consumption by 50 percent while maintaining the same or better light levels. Adding Echelon's connected lighting control system can reduce consumption by an additional 30 to 40 percent by allowing intelligent traffic-adaptive lighting driven by the InSight Cognitive Vision System.
About Echelon Corporation
Echelon Corporation (NASDAQ:ELON), a pioneer in developing open-standard control networking platforms, delivers elements necessary to design, install, monitor and control industrial-strength 'communities of devices' within the lighting, building automation, Internet of Things and related markets worldwide. Echelon sells its lighting products under the Lumewave by Echelon brand and its building automation and other IIoT-related products as part of its IzoT® platform. With more than 100 million Echelon-powered devices installed worldwide, Echelon helps its customers to easily and safely migrate existing control systems to the most modern platforms, while bringing new devices and applications into an ever-growing global Industrial Internet. Echelon helps its customers reduce operational costs, enhance satisfaction and safety, grow revenues and perform better in both established and emerging markets. More information about Echelon can be found at www.echelon.com.
Echelon, the Echelon logo, InSight, IzoT and Lumewave by Echelon are trademarks of Echelon Corporation that may be registered in the United States and other countries. Other product or service names mentioned herein are the trademarks of their respective owners.
This press release may contain statements relating to future plans, events or performance. Such statements may involve risks and uncertainties, the risk that Echelon's offerings by themselves or combined with other applications or offerings do not perform as designed or do not offer the expected benefits and savings, and other risks identified in Echelon's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Echelon undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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SOURCE Echelon Corporation