Echelon Appoints Networking Sales Veteran Andy Lovit to Lead Global Sales

SANTA CLARA, Calif., Sept. 13, 2017 /PRNewswire/ -- Echelon Corporation (NASDAQ:ELON), the original Industrial Internet of Things (IIoT) company, today announced the appointment of Andy Lovit as Senior Vice President of Worldwide Sales. Lovit brings more than 25 years of high technology sales and field operations management to the Echelon team. Andy will drive the Company's sales efforts in both the lighting and the LonWorks-based embedded systems businesses.

"We are pleased to have someone with Andy's stature and experience join our leadership team," said Ron Sege, CEO and Chairman, Echelon Corporation. "Andy's sales experience will be an asset in meeting customers' needs and guiding our sales organization to the next level."

Lovit joins Echelon from Procera Networks, where he served as the Senior Vice President of Global Sales and Services. Prior to that, Lovit served as Senior Vice President of Global Field Operations for Fortress Solutions. Andy has also held Vice President of Sales and Field Operations roles at Bivio Networks, Ericsson, SkyStream Networks, Paradyne Corporation, and 3Com Corporation. Mr. Lovit holds a Bachelor of Science degree in Business Administration from The Ohio State University.

About Echelon Corporation

Echelon Corporation (NASDAQ:ELON), has pioneered the development of open-standard networking platforms for connecting, monitoring and controlling devices in commercial and industrial applications. With more than 110 million devices installed worldwide, Echelon's proven, scalable solutions host a range of applications enabling customers to reduce energy and operational costs, improve safety and comfort, and create efficiencies through optimizing physical systems. Echelon focuses today on two IoT (Internet of Things) market areas: creating smart cities and smart enterprises through connected outdoor lighting systems, and enabling device makers to bring connected products to market faster via a range of IoT-optimized embedded systems. More information about Echelon can be found at www.echelon.com.

Echelon, the Echelon logo, and LonWorks 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; risks associated with international sales; 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:
Annie Leschin
Investor Relations
415-309-0464

SOURCE Echelon Corporation

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