EthoStream Hospitality Network Adds Twenty-Four Properties Owned by Summit Hotel Properties
Summit Properties to Add EthoStream Gateway Server (EGS) DUAL WAN for Bandwidth Aggregation and Management
MILWAUKEE, WI -- (MARKET WIRE) -- 06/28/11 -- Telkonet, Inc. (OTCQB: TKOI), developer of the revolutionary EcoSmart energy management platform and operator of the EthoStream Hospitality Network announced today that EthoStream has been chosen as the HSIA provider for an additional twenty-four properties owned by the Summit Hotel Properties REIT. EthoStream will be installing EthoStream Gateway Servers in each new location and provisioning additional bandwidth for the sites to meet increasing guest demand.
The Summit hotels include a mix of properties under the Springhill Suites, Courtyard by Marriott, Fairfield Inn & Suites, Country Inn & Suites and AmericInn brands and represent over 2,000 guest rooms. Due to increasing guest demand for bandwidth, Summit chose the EthoStream Gateway Server - DUAL WAN for each of the sites, providing ISP aggregation and bandwidth management.
"We are very pleased to be able to further our relationship with Summit Hotel Properties. They have a commitment to guest satisfaction and a history of property performance that has made them very successful, and we hope to be a small but important part of that success moving forward," said Matt Koch, Vice President of Operations for Telkonet.
EthoStream currently supports 19 other Summit properties as part of the relationship dating back to April 2007.
ABOUT TELKONET
Telkonet is a leading energy management technology provider offering hardware, software and services to Commercial customers throughout the world. The EcoCentral Platform, in conjunction with the EcoSmart Suite of products, provides comprehensive savings, management and reporting of a building's energy consumption. Telkonet's energy management products are installed in properties within the Hospitality, Military, Educational, Healthcare and Residential markets reducing energy consumption, carbon footprints and eliminating the need for new energy generation. www.telkonet.com
ABOUT ETHOSTREAM
EthoStream is one of the largest public High-Speed Internet Access (HSIA) providers in the world providing services to more than 3.5 million users monthly across a network of greater than 2,300 locations. EthoStream's EGS line of public-access gateway servers provides real-time monitoring and management of guest-access networks while its 24/7 support center is known for the highest levels of quality and service. With a wide range of product and service offerings and one of the most comprehensive management platforms available for HSIA networks, EthoStream offers solutions for any public access location. www.ethostream.com
ABOUT SUMMIT HOTEL PROPERTIES
Summit Hotel Properties, Inc. is a self-advised real estate investment trust focused on acquiring and owning premium-branded select-service hotels in the upscale and upper midscale segments. As of June 27, 2011, the company's hotel portfolio consisted of 69 hotels with a total of 7,010 guestrooms located in 19 states. Additional information about Summit may be found at the company's website, www.shpreit.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 revenue 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).
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MEDIA CONTACTS: Telkonet Investor Relations 414.721.7988 ir@telkonet.com
Source: Telkonet, Inc.
Released June 28, 2011