Telkonet Begins Trading Under New Symbol TKOI
GERMANTOWN, MD -- (MARKET WIRE) -- 11/13/09 -- Telkonet, Inc. (PINKSHEETS: TKOI), a Clean Technology company that develops and manufactures proprietary energy management and Smart Grid networking technology, today announced that it will begin trading today under the new ticker symbol TKOI on the Pink Sheets, as its application to be listed on the OTCBB is pending. The move to the OTCBB is expected in a few days.
About Telkonet
Telkonet, a Clean Technology company, provides integrated, centrally-managed energy management and Smart Grid networking solutions that improve energy efficiency and reduce the demand for new energy generation. The company's energy management systems are dynamically lowering HVAC costs in over 160,000 rooms, and are an integral part of various utilities' green energy efficiency and rebate programs.
Primarily targeting Smart Grid and utility applications, Telkonet's patented powerline communications 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 240.912.1811 ir@telkonet.com Garrett Axford Georgina Garrett Simon Jones 866.940.9987 +44.1903.854900 mail@garrett-axford.co.uk
Released November 13, 2009