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"Revenue from our connected lighting business increased for the third consecutive quarter while we maintained our operating expenses at historical lows," said Ron Sege, Chairman and CEO of Echelon. "This quarter we introduced exciting new products that offer a wider range of sustainability, security and livability applications for making cities and enterprises smart. Comment?
"During the first quarter we continued our multi-quarter pivot towards the dynamic intelligent lighting systems market and are starting to see some positive signs of customer traction with our multi-vendor, multi-application 'connect anything anywhere' platform," said Ron Sege, Chairman and CEO of Echelon. "While revenue this quarter was at the low end of our guidance, we have the lowest cost structure we have seen in years, a significantly retooled salesforce and an accelerating pace of product innovations based on our 25 year heritage in control networking. Comment?
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