Telkonet Primed for International Expansion in France and Denmark
Wednesday March 16, 10:17 am ET
Value-Added Resellers Lakota and Holbech EL A/S Market Telkonet's HSIA System
GERMANTOWN, Md.--(BUSINESS WIRE)--March 16, 2005--Telkonet, Inc. (Amex:TKO - News), the leader in commercial powerline communications (PLC), announced today that two value-added resellers (VARs) - Lakota and Holbech EL A/S - are marketing Telkonet's high-speed Internet access system in France and Denmark, respectively. Lakota, based in Paris and established in 1998, provides turnkey broadband Internet solutions for visitor-based network applications, specializing in the hospitality market in Paris. Holbech EL A/S, a 25-year old company, is an established independent electrical contracting company specializing in electrical rewiring of buildings throughout Denmark. Both companies will represent Telkonet's system, which delivers in-building broadband Internet access over a building's existing electrical wiring.
In anticipation of Telkonet's CE approval, in 2004, both Lakota and Holbech EL A/S signed up as VARs to trial Telkonet's high-speed Internet access system in various commercial applications. Lakota has successfully trialed and demonstrated Telkonet's system in hotels and in university dormitories. Michelle Leonard, Managing Director of Lakota, commented, "Telkonet's PLC system fits in well with our overall product portfolio and is compatible with our billing system. We have been impressed with how easy the system is to install each time we demonstrate the Telkonet system."
In addition, Holbech EL A/S has tested Telkonet's system in hotel applications and has proven that Telkonet offers an ideal solution, especially for hotels that aren't ready to invest in expensive CAT-5 to rewire their hotel for broadband Internet access. Claus Holbech, Director of Holbech EL A/S, stated, "Telkonet's PLC system is such a simple, cost-effective, reliable solution to high-speed Internet access. Any building - regardless of age or infrastructure - can be Internet-enabled by simply using the building's existing electrical wiring for Internet connectivity."
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 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's 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:
Investors Stock Daily, Inc.
Jody Janson, 585-232-5440
jody@istockdaily.com
or
Porter, LeVay & Rose, Inc.
Jeff Myhre, 212-564-4700
jeffrey@plrinvest.com
www.plrinvest.com
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Source: Telkonet |
