For
Immediate Release: December 12, 2007
|
NEWS RELEASE | |
Telkonet
Under New Leadership with CEO and COO Appointments
Major
Reorganization Heralds Next Phase of Dynamic Progress
Germantown,
MD, Telkonet, Inc. (AMEX: TKO), the leading technology solutions
provider
for broadband networking, end-to-end service support and energy
management, today announced that Jason Tienor has been named
President and Chief Executive Officer (CEO), and Dottie Cleal
has been
promoted to Chief Operating Officer (COO) effective immediately.
These
appointments mark an important phase of change and opportunity
for the
company, and cement the long-term strategy initiated in August
2007 to
drive Telkonet forward in an expanding marketplace. Under this
dynamic new
leadership, Telkonet is embarking on a key phase of development,
encompassing a number of critical technical, personnel, integrational
and
operational changes. Key objectives for Jason Tienor and Dottie
Cleal
include expanding Telkonet’s presence into new markets, combined with
enhancing the company’s effectiveness and increasing
shareholder value.
“In
recent months, we have put the building blocks in place that
will enable
Telkonet to develop and grow
in line with
its true potential, and we are seeing momentum build steadily,” said Jason
Tienor. “I am confident that we will achieve our clearly stated objectives
of attaining
market
leadership and profitability. I regard it as a great honor to
lead the
company at this pivotal time, and clearly
understand the
demands, responsibilities
and accountability
that
come with this position. I am committed to
communicating
openly and candidly
with our investors, shareholders and partners, as we embark on
this new
phase of the company’s evolution.”
Dottie
Cleal commented, “It is a great privilege to serve as Telkonet's COO.
Telkonet has tremendous potential and I am excited to be a part of the
leadership team
during this
important time
in
Telkonet's history.”
Founder
and former CEO Ron Pickett is named Vice Chairman of Telkonet’s Board of
Directors, and will continue to play an important senior advisory
role.
Pete Musser, Chairman of the Board, observed that having Ron’s leadership,
vision and commitment from Telkonet’s inception were important to
acknowledge.
“Ron
has given so much in so many ways,” said Pete Musser, who summarized by
saying that the new leadership is a key part of Telkonet’s planned
strategy, and will enable the next phase of the company’s evolution,
positioning Telkonet for success in calendar year 08.
In
addition to these changes, Telkonet
also
announced the promotion of Rick Leimbach to Chief Finance Officer
(CFO),
and the promotion of Jeff Sobieski as Executive Vice President
of Energy
Management.
(more)
|
Contacts:
Joe
Noel
Telkonet
240.912.1851
Andrew
Hellman
CEOcast
212.732.4300
adhellman@ceocast.com
Georgina
Garrett/Simon Jones
Garrett
Axford
1-866
940 9987
+44.1903.854900
mail@garrett-axford.co.uk
|
|
·
|
The
revolutionary Telkonet iWire System™,
converting
sites’ existing internal electrical infrastructures into an IP network
backbone.
|
|
·
|
The
integrated EthoStream platform for wired and wireless HSIA, differentiated
by outstanding remote management tools and dedicated customer
support
facilities.
|
|
·
|
Telkonet
SmartEnergy, achieving 30% energy savings through intelligent
in-room
energy management.
|