Echelon Successfully Acquired by Adesto Technologies: Expanding IoT Capabilities in Industrial Division

Echelon is thrilled to announce the successful completion of our acquisition by Adesto Technologies, a significant milestone that strengthens our position in the Industrial IoT landscape. With the infusion of $3.5 million in funding, we are poised to enhance our capabilities as the Embedded Systems Division within Adesto. Echelon has been at the forefront of innovation for nearly three decades, specializing in open-standard networking platforms that connect, monitor, and control devices across a variety of commercial and industrial applications. With over 140 million devices deployed globally, our scalable solutions empower customers to achieve significant energy savings, streamline operations, and promote safety and comfort through intelligent networking. This new funding will enable us to further our initiatives in key IoT sectors, specifically in the development of smart cities and enterprises through connected outdoor lighting systems. Additionally, we aim to accelerate the market launch of IoT-optimized embedded systems that facilitate device makers in creating connected products with greater speed and efficiency. We are excited about the potential this partnership holds and look forward to leveraging Adesto's resources to expand our offerings and enhance the value we deliver to our customers. For more details on how we are shaping the future of Industrial IoT, we invite you to visit our website at www.echelon.com and learn more about the innovative solutions we provide.