Echelon Corporation Announces Completion of BeAtHome Acquisition 2/1/02

SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 1, 2002--Echelon Corporation (NASDAQ: ELON) today announced that it has completed its acquisition of privately held BeAtHome.com, Inc. of Fargo, North Dakota. According to the terms of the agreement, Echelon will purchase all the outstanding capital stock of BeAtHome and pay off certain of BeAtHome's debts.

BeAtHome's Energy Management System is an award winning, innovative, and intuitive software solution and value-added services platform for web-based monitoring and control applications to the commercial building, utility, and home markets. The product was the recent recipient of a Best of Innovations Award from the Consumer Electronics Association and TechTV's Best of CES Award in the category of Home Automation and Networking at the 2002 Consumer Electronics Show.

About Echelon Corporation

Echelon Corporation is the creator of the LonWorks platform, the world's most widely used standard for connecting everyday devices such as appliances, thermostats, air conditioners, electric meters, and lighting systems to each other and to the Internet. Echelon's hardware and software products enable manufacturers and integrators to create smart devices and systems that lower cost, increase convenience, improve service, and enhance productivity, quality, and safety. Thousands of companies have developed and installed more than 18 million LonWorks based devices into homes, buildings, factories, trains, and other systems worldwide.

The protocol underlying LonWorks networks and the signaling used by Echelon's power line and free topology transceivers have both been adopted as standards by the American National Standards Institute (ANSI). Echelon is also a founding member of the LonMark(R) Interoperability Association, an open industry forum of hundreds of leading manufacturers, integrators, and users dedicated to promoting the use of interoperable LonWorks devices. More information is available at http://www.lonmark.org. Further information regarding Echelon can be found at http://www.echelon.com.