Exhibit 99.1
![logo](telkonet_logo.jpg) |
News
Release
|
Media
Contacts:
Joe Noel,
240.912.1851
Michael
Wachs, CEOcast, 212.732.4300, mwachs@ceocast.com
Garrett
Axford, Georgina Garrett / Simon Jones, 866.940.9987, +44.1903.854900 mail@garrett-axford.co.uk
For
Immediate Release
Telkonet
Promotes Jeff Sobieski to Chief Operating Officer
Energy
Management Functions and COO Functions to be Combined
July 2, 2008: Germantown, MD –
Telkonet, Inc. (AMEX:TKO), the leading provider of innovative, centrally managed
solutions for integrated energy management, networking, building automation and
proactive support services, announces that it has appointed Jeff Sobieski
as Chief Operating Officer with immediate effect. Formerly Executive Vice
President (EVP) of Energy Management, Jeff has been with Telkonet since March
2007 and is taking over as COO following Dottie Cleal's resignation in May due
to immediate-family health issues.
Telkonet's
President and CEO Jason Tienor commented, "Our business is seeing dramatic
change with energy management related opportunities permeating almost all
aspects of our product lines and many of our business functions and
opportunities. Jeff assumed the post of EVP of Energy Management in December
2007, with responsibility for evolving the roadmap to realize continued growth
and efficiencies across the energy management products and operations. He also
led the drive to secure high level business for our energy management solution,
as well as developing the roadmap for our new networked platform, preparing
Telkonet for strong growth in this area. As Telkonet continues to implement
additional operational efficiencies, the separate roles of EVP of Energy
Management and COO are increasingly redundant and therefore, we have
consolidated these into a single role held by Jeff Sobieski. We look forward to
his continued strong contributions to help Telkonet realize its success and
achieve new milestones.”
As COO,
Jeff will work out of Telkonet's offices in both Germantown and Milwaukee.
Commenting on his new role, Jeff said, "I am gratified by the Board's confidence
in me, and regard this as a great honor and opportunity. As an
existing part of the team, I can bring my organizational knowledge and
established relationships into play, accelerating the process of uniting the
company and establishing cross-functional communication."
Prior to
joining Telkonet, Jeff was Chief Information Officer at EthoStream, which he
co-founded with Jason Tienor in 2002. His career includes co-founding
Interactive SolutionZ, a Milwaukee-based IT consulting firm, and a number of
high-level consulting and system development projects, including positions
within major corporations in the medical and insurance
industries. Jeff holds a B.S. degree in Computer Science from the
University of Wisconsin-Oshkosh, and a MBA from Marquette
University. He is married with two children.
About
Telkonet
Telkonet’s
unique broadband networking solutions currently support more than 1.7 million
network users per month, with its energy management systems optimizing energy
consumption in over 85,000 rooms. Telkonet’s technology innovation is
underpinned by the highest level of end-to-end quality of service, with
comprehensive technical customer support. Its systems deliver wide-ranging
functionality, from wired and wireless high-speed Internet access to energy
management, IP surveillance and local area networking. Telkonet’s platforms are
widely deployed on the global stage – in single buildings and ships, in
multi-building complexes, hospitality venues and multi-dwelling units, and at
government, education and defense locations.
(more)
Telkonet’s innovations include the
revolutionary Telkonet Series 5 and the Telkonet iWire System™, which convert a site’s existing
internal electrical infrastructure into an IP network backbone – quickly,
cost-effectively and without disruption. The portfolio also includes the
integrated EthoStream product suite, providing a comprehensive and advanced
technology management platform for the hospitality industry, differentiated by
outstanding remote management tools and a dedicated customer support facility.
Telkonet SmartEnergy™ completes the line-up, delivering
typical bottom line savings of 30% by controlling in-room energy consumption
according to occupancy. For more information, please visit www.telkonet.com.
All
company, brand or product names are registered trademarks or trademarks of their
respective holders.
###
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).