Telkonet Announces Inclusion in 2010 Deloitte Technology Fast 500(TM) and Third Quarter Earnings Call
MILWAUKEE, WI -- (MARKET WIRE) -- 11/01/10 -- Telkonet, Inc. (OTCBB: TKOI), a Clean Technology company specializing in networked energy management and SmartGrid communications, announced today that it is included in the 2010 listing of Deloitte's Technology Fast 500™, a listing of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America, for the third consecutive year. Rankings are based on percentage of fiscal year revenue growth during the period from 2005-2009. Telkonet grew 323 percent during this period.
Telkonet's chief executive officer, Jason Tienor, credits the company's 323% revenue growth to technology expertise and strong market growth planning. He said, "We thank Deloitte for this acknowledgement and the opportunity to be a part of this respected group of companies. This recognition is a direct result of the success of our energy efficiency initiatives and Telkonet's market penetration in the Military and Educational markets."
"Telkonet and the other 2010 Technology Fast 500™, winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, vice chairman and Deloitte's U.S. technology, media and telecommunications leader. "Deloitte commends Telkonet for this impressive accomplishment."
"Telkonet has proven itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500™," said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
Telkonet also announced that it will report third quarter results for the period ended September 30, 2010 on Wednesday, November 10, 2010. The Company will hold a conference call at 4:30 pm Eastern Time that day to discuss the results and business outlook.
Interested parties should dial (866) 893-4204 (domestically) or (706) 758-7105 (internationally). Please use conference ID# 21034028. There will be a replay of the call available until December 10, 2010 posted on the Investor Relations page of the Telkonet web site at http://www.telkonet.com/investors/investors.php.
About Telkonet
Telkonet, a Clean Technology company, provides integrated, centrally-managed energy management and SmartGrid networking solutions that improve energy efficiency and reduce the demand for new energy generation. The company's energy management systems, aimed at the hospitality, commercial, government, healthcare and education markets, are dynamically lowering HVAC costs in more than 205,000 rooms, and are an integral part of various utilities' green energy efficiency and rebate programs.
Primarily targeting SmartGrid and utility applications, Telkonet's patented powerline communications (PLC) platform delivers cost-effective, robust networking, with real-time online monitoring and maintenance capabilities, increasing the reliability and energy efficiency across the entire utility grid. 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 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).
Media Contacts: Telkonet Investor Relations ir@telkonet.com
Released November 1, 2010