Updates on Echelon Corporation.

Publication: M2 Presswire

Bookmark this article Print this article Link to this article Email this article Digg It! Add to del.icio.us RSS

COPYRIGHT 2006 M2 Communications Ltd.

M2 PRESSWIRE-29 June 2006-marketgainer.com: Updates on Echelon Corporation(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:28062006

Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Today's activity on the Nasdaq exchange has brought Echelon Corporation (NASDAQ:ELON) to the attention of our research team. Our goal is to create a community of international investors who consistently and effectively capitalize on the enormous gains the small-cap Canadian and American exchanges offer.

Shares up $.75 to a high of $8.08 on the Nasdaq Thursday. Momentum comes as Echelon Corporation (NASDAQ:ELON - News), a global networking company providing technology and solutions for controls, smart metering, and energy and environment management, today announced that it has been selected as an approved supplier of "next-generation" electricity meters and associated infrastructure for Svenska Matsamarbetet (SAMS), a consortium of 33 medium and small sized Swedish utilities that collectively represent approximately 20% of the Swedish residential metering market. The award, made under Swedish public procurement rules, allows each SAMS member to purchase the meters and system components it requires to fulfill its obligations from any of the approved suppliers without the need for individual public tenders, saving the member utilities time and expense. Sweden is in the process of replacing all of its 5 million electricity meters in order...

Read the full article for free courtesy of your local library.