Telkonet SmartEnergy Products Selected for ComEd's New 'Smart Ideas for Your Business' Program
Telkonet's Patented SmartEnergy Technology Will Be Used to Lower Energy Costs in Select Hospitality Properties in Rockford and Chicago, IL
MILWAUKEE, WI -- (MARKET WIRE) -- 08/30/10 -- Telkonet, Inc. (OTCBB: TKOI), a leading provider of occupancy-based energy efficiency solutions, has been selected as the guest room energy management product of choice for a small business pilot program that is part of ComEd's 'Smart Ideas for Your Business' utility incentive program in Illinois. ComEd is working with Franklin Energy Services, an engineering consulting firm that specializes in the design and implementation of energy efficiency and renewable energy programs for utilities and states. The two businesses are working jointly to implement energy savings technologies into the hard to reach segments of ComEd's client base. Telkonet's SmartEnergy products will be installed within select hotels to assist the properties in achieving their energy savings goals. After the energy retrofit takes place, each property will be monitored to assure that the installed energy management technologies have achieved the property's energy savings goals. Using Telkonet's patented Recovery Time technology, SmartEnergy maximizes efficiency and energy savings by monitoring the occupancy status and thermal properties of guest room to balance energy savings with guest comfort. The installation of the SmartEnergy platform yields dramatic energy savings, often exceeding 30% on HVAC-related consumption, one of the largest energy uses at hospitality sites.
"We're excited to partner with Franklin Energy in this new energy efficiency program and increase our penetration into the expanding hospitality energy management space," stated Jeff Sobieski, Telkonet's Chief Operating Officer. "Telkonet SmartEnergy continues to demonstrate the impact of energy management on energy consumption through numerous hospitality ESCO programs and we look forward to generating significant savings with Franklin Energy."
About Telkonet SmartEnergy
Telkonet SmartEnergy (TSE) is an intelligent, occupancy-driven in-room energy management system that uses a combination of occupancy sensors, along with intelligent programmable thermostats or PTAC controllers to improve energy efficiency, ensuring rooms are never excessively hot or cold when an occupant returns to the room. Its patented Recovery Time™ technology takes into account a diverse range of factors to determine each room's energy efficient temperature, restoring the temperature to the users' desired comfort setting within minutes of returning to a room. TSE has been proven to deliver a rapid return on investment, typically achieving quantifiable savings of 30% and more by eliminating the wasteful heating and cooling of unoccupied rooms.
About Telkonet
Telkonet is a leading Clean Technology company, providing integrated intelligent utility networking and smart energy management technology to the emerging SmartGrid market, with a forward focus on the fast-growing Home Area Network (HAN) sector. Telkonet develops advanced solutions that reduce demand for new energy generation, delivering vital tools for controlling energy consumption. Telkonet is a leading occupancy-based energy management controls developer, with solutions lowering heating and cooling costs in hundreds of thousands of rooms worldwide. Telkonet also operates the EthoStream Hospitality Network, providing high-speed Internet access and proactive guest support to over 3.2 million users per month. http://www.telkonet.com
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Released August 30, 2010