Have to leave but back in TKO at 3.91 +.06 news: Telkonet/MST Introduces Telkonet Energy Services - New Division Offers Energy Management Through its Telkonet iWire System(TM)
Wednesday May 3, 10:20 am ET
First Easily Deployed Complete System for Building-Wide Energy Management and Control
GERMANTOWN, Md.--(BUSINESS WIRE)--May 3, 2006--Telkonet, Inc. (Amex:TKO - News), the leader in providing in-building broadband access over existing electrical wiring, today announced the formation of Telkonet Energy Services (TES), a new division that will focus on providing energy data, energy management and energy market participation to residential and commercial properties nationwide. The installation of the proven Telkonet iWire System "energizes" the electrical infrastructure of residential and commercial buildings, creating a fully responsive data network. This network is then used to acquire energy information and control components of the HVAC system within the building, such as boilers, air conditioners, fans, pumps and thermostats.
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The Company is currently negotiating to provide these services to several high-profile building owners in New York City, Chicago and Miami.
This division will operate within Telkonet's subsidiary, Microwave Satellite Technologies, Inc. (MST) of Hawthorne, New Jersey and will use a combination of advanced data technologies to acquire and display energy use and pricing information.
"With a simple installation, building owners and managers can now monitor, control and adjust energy usage and needs throughout a building using the same Telkonet iWire System that is currently being used to deliver high-speed Internet and VoIP services in MDU's and hotels throughout the country. Telkonet Energy Services takes advantage of the inherent benefits of the existing Telkonet product line in providing the perfect solution to the increasingly important need to manage and control energy usage. Building owners, managers and residents will be able to access energy information from any electrical outlet, or even from a remote location," said Frank Matarazzo, President of MST.
The TES includes installation of equipment that can facilitate participation in Demand Response programs. Also included in TES are systems to comprehensively combine information from photovoltaic (solar power) systems, sub-metering systems that monitor electrical use in individual apartments, existing energy management systems, and emergency generators.
Real-Time Energy Monitoring System
The Telkonet iWire System also creates a local area network within the building that can be accessed remotely via web portals by building owners and managers to monitor energy use in real time, allowing them to control usage in either specific areas of buildings, throughout the building, or even groups of buildings. Wireless thermostats connected to the Telkonet system can also be used to remotely control space temperature set-points to reduce energy consumption or improve comfort conditions.
TES offers the first easily-deployed system to display real time energy use, pricing information, and the means by which to optimize energy market participation. TES provides a user friendly web-based interface where energy use will be displayed according to the owners' and users' preferences -- the first system offering the ability to mix, match, calculate, and compare any combination of the many available data sources delivered through the Telkonet iWire System infrastructure.
About MST
MST, a subsidiary of Telkonet Inc., designs, installs, and maintains satellite-based communication systems for major corporations. Through its NuVisions brand of services, MST offers cable programming, Voice over Internet Protocol telephone (VoIP), high-speed Internet access, and WiFi services to multi-dwelling unit properties in New York and New Jersey. For more information, please visit www.mst.online.com.
About Telkonet, Inc.
Telkonet Inc. (Amex:TKO - News) develops products that provide broadband connectivity over existing electrical wiring and do not require the costly installation of additional wiring or major disruption of business activity. Telkonet's products are designed for use in commercial and residential applications, including multi-dwelling units, 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).
Contact:
Telkonet, Inc.
Joe Noel, 240-912-1851
jnoel@telkonet.com
or
Porter, LeVay & Rose, Inc.
Michael Porter, 212-564-4700
mike@plrinvest.com
www.plrinvest.com
or
Rubenstein Public Relations
Dolores Naney, 212-843-8018
dnaney@rubensteinpr.com
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Source: Telkonet, Inc. |
