Ken Oshman,
Chairman & CEO,
Echelon
 
Stockholm, Sweden and San Jose, CA, U.S.A. --- (METERING.COM) --- May 2, 2007 - Swedish utility Vattenfall AB has exercised a third option for up to 100,000 additional NES meters and associated data concentrators and system software from Echelon Corporation. This will bring the total number of meters released under the project to about 600,000.

Shipments are expected to take place over a 9 to 12 month period beginning in the fourth quarter of 2007.

“The NES based Titanium advanced metering system that our partner Telvent is installing at Vattenfall is, we believe, one of the most successful deployments of next generation metering technology occurring today,” said Ken Oshman, Echelon’s chairman and CEO. “By exercising this option so quickly on the heels of the exercise of two other options just a few months ago, we believe Vattenfall has again demonstrated the value of the NES system as the market’s premier advanced metering system and Telvent as a trusted project management partner.”

“Led by utilities like Vattenfall, the metering market is undergoing a transformation, moving to smart meters and advanced metering systems that will power the 21st century. Our project with Vattenfall is certainly one of the most successful advanced metering projects in Europe, if not the world,” said Manuel Sánchez Ortega, Telvent’s chairman and chief executive officer.