EDS Awards Telkonet Multiple Navy Task Orders
Monday November 8, 9:02 am ET
GERMANTOWN, Md.--(BUSINESS WIRE)--Nov. 8, 2004--Telkonet, Inc. (Amex:TKO - News), the leader in commercial powerline communications (PLC), today announced that Electronic Data Systems (EDS) has awarded the company multiple purchase orders under a government contract to provide Powerline Network Services for various segments of the Navy and Marine Corps. The multi-year awards involve the engineering, deployment and support of fully operational powerline-enabled Ethernet data networks within various Navy program management facilities in accordance with current Navy Marine Corps Intranet (NMCI) standards. Telkonet will rapidly deliver secure, flexible and scalable networking environments at the customer locations by using the facility's existing electrical wiring as network infrastructure.
"I am pleased to announce the achievement of this significant milestone in the execution of Telkonet's strategy to provide U.S. government and military organizations with secure and reliable powerline communications solutions," said Ronald W. Pickett, President and CEO of Telkonet, Inc. "We look forward to building upon our initial successes within the Navy and Marine Corps communities as they move ahead with the deployment of the largest, most secure military network in the world."
With a $6.9 billion dollar budget, the Navy Marine Corps Intranet is the largest government Information Technology (IT) program in the world and is transforming the U.S. Department of the Navy's (DoN) IT environment and the way it does business. NMCI delivers a comprehensive, end-to-end information system to the DoN through a common computing and communications environment. When completed, NMCI will be the second largest IT network in the world, after the Internet, equipping the DoN with access, interoperability and security for information and communications.
About Telkonet
The Telkonet PlugPlus(TM) family of networking and internetworking products offers a viable and cost-effective alternative to the challenges of hardwired and wireless local area networks (LANs) due to the fact that Telkonet products provide connectivity over existing electrical wiring and do not require the costly installation of additional wiring or major disruption of business activity. Telkonet PlugPlus products are designed for use in commercial and residential applications, including multidwelling units and the hospitality and government markets where the Telkonet system can, in many cases, be implemented more quickly and less expensively than adding dedicated wiring or installing a wireless system. For more information, visit www.telkonet.com.
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's Registration Statement and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC).
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