For
Immediate Release: February 6, 2007
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NEWS
RELEASE
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Germantown,
MD, Telkonet, Inc. (AMEX: TKO), the leader in providing in-building
broadband access over existing electrical wiring, today
announced that it has signed an exclusive supply agreement with
GE Energy
to co-develop an innovative custom product that enables vital
remote
monitoring and management of utility substation equipment. This
integrated
system will revolutionize the way in which a substation’s performance is
monitored, considerably improving efficiency and reliability.
Over the
next six months, GE will commence the first installation phase
involving
customers in North America to further develop and refine the
product,
customizing it to be compatible with all the various types of
substation
equipment.
Over
the past year, GE Energy conducted extensive laboratory and field
testing
of the Telkonet iWire System™
successfully; Telkonet’s system met the rigorous performance and
reliability requirements, as well as the environmental standards
for both
AC and DC operating environments, for GE Energy and the utility
marketplace.
The
Telkonet iWire System leverages the existing electrical wiring
inside a
substation to enable high-speed network connectivity, eliminating
the need
for new wiring or cabling. The data collected from GE Energy’s monitoring
systems can be transmitted remotely to any location via a broadband
Internet connection, enabling utilities to monitor the conditions
of the
transformers, reroute power and efficiently manage the energy
supply.
GE
Energy will demonstrate this customized substation automation
product,
incorporating the Telkonet iWire System, at DistribuTECH 2007
in San
Diego, CA, the largest energy trade show in the U.S., February
4 − 7,
2007.
Ron
Pickett, President and CEO of Telkonet, commented, “We have been working
very hard with GE Energy over the past year to make sure that
this is a
success and believe that it will open up many new opportunities
for both
companies. This agreement is a key element in Telkonet’s strategy of
delivering solutions to both the supply and demand sector - utilities
and
building owners/managers.”
About
Telkonet
Telkonet
develops and markets technology for the high-speed transmission
of secure
voice, video and data communications over in-premise and shipboard
electrical wiring. The revolutionary Telkonet iWire System utilizes
proven
powerline communications (PLC) technology to deliver commercial
high-speed
broadband access from an IP "platform" that is easy to deploy,
reliable
and cost-effective by leveraging a building's existing electrical
infrastructure. Telkonet's products are designed for use in commercial
and
residential applications, including multi-dwelling units and
the
hospitality and government markets. Applications supported by
the Telkonet
"platform" include but are not limited to: VoIP telephones, Internet
connectivity, local area networking, video teleconferencing,
IP
surveillance and a host of other IT services. 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). |
Contacts:
Michael
Porter
President
Porter,
LeVay & Rose, Inc.
212.564.4700
mike@plrinvest.com
www.plrinvest.com
Harrison
G. Wise
Rubenstein
Public Relations
212.843.8001
hwise@rubensteinpr.com
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