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Russian company orders more Echelon meters

By Associated Press
June 11, 2008 | Comments (0)

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Echelon Corp., which makes energy monitoring gauges, said Wednesday a Russian engineering company ordered 80,000 more of its meters.

Shipments to Energoauditcontrol, which already ordered about 100,000 of the meters, have begun. Shipments should be complete next month.

Total revenue to Echelon under the extension is estimated at about $6.8 million.

Energoauditcontrol is a reseller of Echelon's Network Energy Services advanced metering system.

Shares of Echelon rose 25 cents to $14.13 in afternoon trading.

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