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ELON on NASDAQ

Echelon Corporation

Logo: echelon.com5

Technology company

Echelon Corporation was an American company which designed control networks to connect machines and other electronic devices, for the purposes of sensing, monitoring and control. Echelon was acquired in September of 2018 by Adesto Technologies, which itself was acquired in 2020 by Dialog Semiconductor. In 2021, Dialog Semiconductor became a subsidiary of Renesas Electronics.3 It was founded by Mike Markkula.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1988Founded1

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  • TickerELON on NASDAQ1
  • Industrybuilding automation1
  • HeadquartersSan Jose1
  • Founded inSan Jose1
  • Websitewww.echelon.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address2901 Patrick Henry Drive, Santa Clara, Ca 950546
  • LEI549300PTSGJIQ6DISV794
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 21803214

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Echelon Corporation was an American company which designed control networks to connect machines and other electronic devices, for the purposes of sensing, monitoring and control. Echelon was acquired in September of 2018 by Adesto Technologies, which itself was acquired in 2020 by Dialog Semiconductor. In 2021, Dialog Semiconductor became a subsidiary of Renesas Electronics.3

What it owns

What Echelon Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Machinery and equipment$3.6M8 Dec 31, 2017$3.4M8 Dec 31, 2016+5.6%
Furniture and fixtures$117.0K8 Dec 31, 2017$110.0K8 Dec 31, 2016+6.4%
Leasehold improvements$200.0K8 Dec 31, 2017$194.0K8 Dec 31, 2016+3.1%
Property and equipment, before depreciation$7.0M8 Dec 31, 2017$6.8M8 Dec 31, 2016+3.1%
Accumulated depreciation$6.6M8 Dec 31, 2017$6.4M8 Dec 31, 2016+3.1%
Property and equipment, net$458.0K8 Dec 31, 2017$445.0K8 Dec 31, 2016+2.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.3M8 Dec 31, 2017$9.8M8 Dec 31, 2016−25.9%
Marketable securities, current$12.0M8 Dec 31, 2017$12.0M8 Dec 31, 2016−0.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$09 Dec 31, 2016$09 Dec 31, 2015
Intangible assets, net (excluding goodwill)$725.0K8 Dec 31, 2017$953.0K8 Dec 31, 2016−23.9%
Finite-lived intangibles, gross$1.5M8 Dec 31, 2017$1.5M9 Dec 31, 20160%
Accumulated amortization$775.0K8 Dec 31, 2017$547.0K9 Dec 31, 2016+41.7%
Finite-lived intangibles, net$725.0K8 Dec 31, 2017$953.0K8 Dec 31, 2016−23.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$3.3M8 Dec 31, 2017$2.6M8 Dec 31, 2016+26.5%
Raw materials$148.0K8 Dec 31, 2017$148.0K8 Dec 31, 20160%
Finished goods$3.1M8 Dec 31, 2017$2.4M8 Dec 31, 2016+28.1%

The story

Founded by Mike Markkula in 1988, in San Jose.1

Echelon was founded in February 1988 in Palo Alto, California by Clifford "Mike" Markkula Jr. The chief executive was M. Kenneth Oshman.

Echelon's LonWorks platform for control networking was released in 1990 for use in the building, industrial, transportation, and home automation markets. At its initial public offering on March 31, 1998, its shares were listed on the NASDAQ exchange with the symbol ELON and delisted September 2018 with the close of their acquisition by Adesto

Started in 2003, Echelon's Networked Energy Services system was an open metering service. Echelon provides the underlying network technology for the world's largest Advanced Metering Infrastructure (AMI) in Italy with over 27 million connected electricity meters.

Based on the experiences with this installation, Echelon developed the NES (Networked Energy Services) System (including smart meters, data concentrators and a head-end data collection system) in October 2014 with about 3.5 million devices installed.

In August 2014, after quarterly revenues dropped from $24.8 million to $15 million, Echelon announced it was leaving the smart-grid business, shifting its entire corporate focus to the Internet of things as a market for its technology. Echelon committed to only support existing customers, but not grow the grid business, and to potentially seek the sale of its grid business.

Echelon is based in Santa Clara, California, with international offices in China, France, Germany, Italy, Hong Kong, Japan, Korea, The Netherlands, and the United Kingdom.

On June 29, 2018, Adesto Technologies announced its intention to acquire Echelon for $45 million. The acquisition was completed on September 14, 2018.

From Wikipedia’s article on Echelon Corporation, shared under CC BY-SA 4.0.7

Leadership

Who has led Echelon Corporation, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ronald Sege2010–2018

Chair

  1. Ronald Sege2012–2018

President

  1. Beatrice Yormark2006–2008
  2. Ronald Sege2010–2018

Chief financial officer

  1. Oliver R. Stanfield2006–2011
  2. William R. Slakey2011–2015
  3. C. Michael Marszewski2015–2018

Chief operating officer

  1. Beatrice Yormark2006–2008
19901995200020052010201520202025
Board members and other officers (24)

Timeline

  1. 2018Dissolved Dissolved1
  2. Aug 20, 2010New chief executive Ronald Sege becomes CEO10
  3. 1988Founded Founded in San Jose1

SEC filer profile

How Echelon Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARECHELON CORP2
  • CIK0000031347
  • Employer ID (EIN)77-02035952
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)3576 Computer Communications Equipment2
  • Business address2901 Patrick Henry Drive, Santa Clara, CA 950542
  • Phone40893852002
  • Shares outstanding4,542,310 as of Jul 31, 201839
  • Public float$16.9M as of Jun 30, 20178
  • On EDGAR sinceJun 1, 19982
  • Filings1,254 in all: 4 (805), 8-K (149), 10-Q (61), SC 13G/A (25), 4/A (24), DEF 14A (22), SC 13G (18), 10-K (16)2
    All 41 form types

    3 (16), ARS (14), DEFA14A (14), UPLOAD (11), S-8 (9), S-8 POS (9), CORRESP (8), 8-K/A (7), SC TO-I/A (5), SD (5), 10-K405 (4), S-1/A (4), 10-Q/A (3), 10-K/A (2), 8-A12B/A (2), DEFR14A (2), PRE 14A (2), SC TO-I (2), 15-12B (1), 15-12G (1), 25-NSE (1), 3/A (1), 424B1 (1), 8-A12B (1), 8-A12G (1), DEFM14A (1), EFFECT (1), NT 10-Q (1), PREM14A (1), S-1 (1), S-3 (1), SC 13D (1), SC TO-C (1)

  • Latest filingsAnnual report (10-K) Mar 27, 2018
    Quarterly report (10-Q) Aug 2, 2018
    Proxy statement (DEF 14A) Apr 6, 2018
    Latest 8-K (8-K) Sep 14, 2018

Sources

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