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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (22461)	12/23/1999 9:31:00 AM
From: edde	Read Replies (1) \| Respond to of 52051

TLNT-News: AKE FOREST, Calif.--(BUSINESS WIRE)--Dec. 23, 1999--Telenetics Corp. (OTC BB:TLNT - news) Thursday announced that Duquesne Light Company of Pittsburgh (``Duquesne') has increased its original purchase order for Telenetics' Omega(TM) wireless automatic meter reading (AMR) products to $8.3 million. The adjusted purchase order covers more than 13,750 of three types Omega(TM) units. This is the latest increase since Duquesne first placed its $3.3 million order with Telenetics in July 1998. The latest increase in Duquesne's order is due to the successful field installation of Omega(TM) units enabling Duquesne to automate meter reading for over 17,000 commercial and industrial customers in the last 13 months. Duquesne is currently engaged in one of the largest automated meter reading and outage detection projects in the United States involving thousands of residential, commercial and industrial customers in the greater Pittsburgh area. Telenetics has been awarded a contract to be the primary supplier of wireless meter reading communications devices for Duquesne's 30,000+ prime commercial and industrial customers. Commenting on the development, Michael Armani, President and Chief Executive Officer of Telenetics stated that: ``The continued trust of Duquesne in our Omega(TM) wireless AMR, as well as the growing interest by other utilities in our wireless AMR system, is a testimonial to the success of our cellular technology, which in a very short period of time has enabled us to become a leader in and a pace setter for the commercial and industrial AMR market. Since the introduction of our Omega(TM) product line in August 1998, we have received over $10.5 million in orders and have successfully installed over 15,000 units across North America. We expect this trend to continue.' Although the majority of the installations are in the territory covered by Duquesne Light Company of Pittsburgh, several other electric utilities in California, Florida, Ohio, Arizona, Michigan and Canada are among the installation or trial sites for Telenetics' wireless AMR solution. On December 7, Telenetics announced that FirstEnergy Corporation has selected Omega(TM), Telenetics' proprietary cellular communication system, for an AMR project. The patent pending Omega(TM) is designed by Telenetics to provide meter reading, outage detection and reporting and other data acquisition capabilities through dedicated or shared telephone lines and cellular lines. Each Omega(TM) unit can be attached to eight utility meters or other similar devices and is expandable to 32 units with an enhancement. In addition to unlimited two-way communication capability, Omega(TM) products can store the serial number or address of the meter or any other device and in the case of a power outage or other alarm conditions, reports to a central host or a Web address. Omega(TM) is capable of receiving or initiating communications and transmitting data as frequently as required by the host application. Telenetics uses cellular networks to collect data from industrial devices such as meters, remote terminal units, traffic controllers, industrial controls, remote sensors and data loggers and transmit it through wireless cellular and radio frequency networks or telephone lines to a host site, direct or via the Internet. Telenetics wireless solutions are utilized in many applications such as AMR projects, power outage detection, traffic automation projects, flow measurement and remote monitoring. Forward Looking Statement Disclosure: Certain of the statements contained in this news release are ``forward-looking statements' that involve risks and uncertainties. Actual future results could differ materially from these statements. Factors that could cause or contribute to such differences include but are not limited to, increased competition within the utility and industrial automation markets, the inability of the Company to fund its expected continued growth, adverse changes in the cellular services market and those discussed in the Company's Form 10-KSB for the year ended December 31, 1998 and the Form 10-QSB for the nine months ended September 30, 1999. Contact: Pinnacle Group Mark Cohen, 516/773-2477