Echelon Corp. Appoints Lighting and Controls Industry Veteran Rick Schuett to Lead Global Sales

Wednesday, April 27, 2016 6:01 am PDT

Dateline:

SANTA CLARA, Calif.

Public Company Information:

NASDAQ:
ELON
US27874N1054

New SVP of Sales Joins Echelon: Rick Schuett #outdoorlighting #embeddedsystems #IIOT #leadership

SANTA CLARA, Calif.--(BUSINESS WIRE)--Echelon Corporation (NASDAQ:ELON), a leading independent control networking company for the Industrial Internet of Things (IIoT), today announced the appointment of Rick Schuett as Senior Vice President of Worldwide Sales. Schuett brings more than 20 years of leadership, core lighting experience, and proven sales success to the Echelon team. Rick will drive the Company’s go-to-market strategies in both the lighting and the LonWorks-based embedded systems business.

“We are very pleased that someone with Rick’s stature and experience has joined our leadership team and will be guiding our sales organization to the next level,” said Ron Sege, CEO and Chairman, Echelon Corporation. “Rick’s global experience, deep relationships, and rich industry knowledge have been instrumental and key to his success. We look forward as Rick continues to develop a top-notch, customer-focused sales organizations for Echelon.”

Aside from his core lighting experience, Schuett’s industry experience extends to the building tech, energy, renewables, IIoT, and Software-as-a-Service (SaaS)-based solutions.

Prior to Echelon, Schuett served in executive sales roles at NXEGEN LLC, Autani Corporation and Encelium Technologies. Rick played key roles at Lutron Electronics where he worked for 20 years. Schuett received his Bachelor of Science degree in Mechanical Engineering, with an Energy Systems concentration, from Rensselaer Polytechnic Institute.

About Echelon Corporation

Echelon Corporation (NASDAQ:ELON), a pioneer in developing open-standard control networking platforms, delivers elements necessary to design, install, monitor and control industrial-strength ‘communities of devices’ within the lighting, building automation, Internet of Things and related markets worldwide. Echelon sells its lighting products under the Lumewave by Echelon brand and its building automation and other IIoT-related products as part of its IzoT™ platform. With more than 100 million Echelon-powered devices installed worldwide, Echelon helps its customers easily and safely migrate existing control systems to the most modern platforms, while bringing new devices and applications into an ever-growing global Industrial Internet. Echelon helps its customers reduce operational costs, enhance satisfaction and safety, grow revenues and perform better in both established and emerging markets. More information about Echelon can be found at www.echelon.com.

Echelon, Echelon logo, LumInsight, Lumestar, and Lumewave by Echelon 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.

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Rick Schuett, Senior Vice President of Worldwide Sales at Echelon (Photo: Business Wire)
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