Telkonet and Amperion Announce Strategic Partnership
Tuesday November 16, 9:46 am ET
Offer Customers Greater BPL Deployment Flexibility
GERMANTOWN, Md.--(BUSINESS WIRE)--Nov. 16, 2004--Telkonet, Inc. (Amex:TKO - News), the leader in providing in-building broadband access over existing electrical wiring, today announced a strategic partnership with Amperion, Inc. the leading medium-voltage Broadband over Power line (BPL) equipment vendor offering a combined BPL WiFi solution. The partnership is driven by the technological advantages of each company's product line and leading status in the market place. In addition to the technical benefits, the partnership will greatly enhance the respective sales, marketing and business development efforts of both companies.
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Phil Hunt, CEO of Amperion, stated, "Amperion is thrilled about this partnership because Telkonet's technology augments our existing BPL product line so perfectly. The combination of technology offers our customers greater deployment flexibility especially in the Multi-Dwelling Unit (MDU) and Multi-Tennant Unit (MTU) market. Telkonet's product line can turn each and every electrical outlet in the MDU/MTU into a portal for broadband service. Our technology then serves as backhaul by leveraging the medium voltage grid that already serves the building. We have already begun working with several of our existing customers to use Telkonet's solution for MDUs in their service footprint."
Telkonet's primary market includes apartment complexes, hotels and other commercial properties nation wide. Telkonet will have access to Amperion's customer base which includes 25 BPL networks deployed in 5 countries passing more than 20,000 households.
"Amperion's BPL technology utilizes the pervasive medium-voltage power line infrastructure which is in close proximity to our customer base. Amperion provides us with a ready customer base and an attractive backhaul alternative to DSL, cable or fixed wireless because it can be deployed quickly and cost effectively," said Ron Pickett, president and CEO of Telkonet. "With this combined approach to broadband Internet delivery, the residents of deployed communities will enjoy the mobility of a wireless service and the robust quality of a wired system delivered by Telkonet."
About Amperion
Amperion develops networking hardware and software that enables the delivery of high-speed broadband data over medium-voltage power lines. Established in June 2001, investors include American Electric Power (NYSE:AEP - News), a leading wholesale energy provider and one of the largest electric utilities in the U.S.; Cisco Systems, Inc. (NASDAQ:CSCO - News), the worldwide leader in networking; and Redleaf Group, Inc, a venture operating company.
About Telkonet
Telkonet's products provide connectivity over existing electrical wiring and do not require the costly installation of additional wiring or major disruption of business activity. In many situations, the Telkonet system can be implemented more quickly and less expensively than adding dedicated wiring or installing a wireless system. The Telkonet PlugPlus(TM) family of networking and internetworking products offers a viable and cost-effective alternative to the challenges of hardwiring and wireless local area networks (LANs). Telkonet PlugPlus products are designed for use in commercial and residential applications, including multi-dwelling units and the hospitality and government markets. For more information, please 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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Contact:
Telkonet, Inc.
by
Investors Stock Daily, Inc.
Jody Janson, 585-232-5440
jody@istockdaily.com
or
CEOcast, Inc.
Ken Sgro, 212-732-4300
kensgro@ceocast.com
or
Berkman Associates
John Hicks, 310-277-5162
info@berkmanassociates.com
or
Amperion
Amy Burnis, 978-824-2017
amy@amperion.com |
