Echelon Clarification Regarding RoHS Compliance for European Union Environmental Regulations(San Jose, CA - June 29, 2006) - Echelon Corporation (NASDAQ: ELON) is announcing a clarification to information published in today's Wall Street Journal regarding RoHS compliance of its products. Since early 2005, Echelon has been transitioning its product line to meet the new European Union Reduction of Hazardous Substance ("RoHS") environmental regulations, which require companies to eliminate lead and other hazardous substances from certain products sold into the region effective July 1, 2006. The company began shipping its first RoHS compliant products in late 2005. "In order to ensure the least possible impact to both our EU customers and ourselves, we began the efforts required to transition our products to meet the new RoHS regulations as soon as the rules were finalized," said Oliver 'Chris' Stanfield, Echelon's executive vice president and CFO. "While there have been some delays in the transition of a few products, we do not expect this to have a material impact on our revenues for the second quarter or full year 2006." The schedule for RoHS compliant Echelon products can be found at http://www.echelon.com/products/rohs_schedule.htm. About Echelon Corporation Echelon is based in San Jose, California, with international offices in China, France, Germany, Italy, Hong Kong, Japan, Korea, The Netherlands, and the United Kingdom. Further information regarding Echelon can be found at http://www.echelon.com. ### Echelon, LonWorks, and the Echelon logo are trademarks of Echelon Corporation registered in the United States and other countries. Pyxos is a trademark of Echelon in the US and other countries. Other marks belong to their respective holders. This press release may contain statements relating to future plans, events or performance, including statements regarding Echelon’s transitioning products to RoHS compliance and RoHS related impacts on financial results in Q2 2006 and Echelon’s full year 2006 guidance. Such statements may involve risks and uncertainties, including risks associated with uncertainties pertaining to Echelon’s ability to obtain necessary components for and produce products that are compliant with the RoHS directive in a timely manner or at all, 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. Contact Information
|
||||||||
 |