January 27, 2014
Telkonet, Inc. (OTC BB: TKOI), whose complementary business divisions include EcoSmart', an energy management technology platform featuring Recovery Time' technology and EthoStream®, one of the largest high-speed Internet access ("HSIA") providers in the world, announced the installation of EcoSmart Intelligent Energy Management System at the Denver Housing Authority.
Telkonet has installed their EcoSmart Energy Management System at Denver Housing Authority's (DHA) Barney Ford Heights subsidized housing facility. Located in Downtown Denver, Colorado, Barney Ford Heights provides subsidized housing to nearly 100 seniors.
Chris Jedd, LEED AP BD+C Portfolio Energy Manager for DHA said "We had little to no information or control of tenant HVAC energy consumption. The installation of EcoSmart will provide energy savings, improved occupant comfort and important information on how these spaces are occupied. Telkonet's EcoCentral Virtual Engineer will provide DHA with access to energy use data in real-time, enabling remote management of HVAC Mechanical Systems and reporting on system performance and health. The energy savings data will help determine the viability of EcoSmart technology in similar applications where occupants are long term tenants."
Jason Tienor, Telkonet CEO states, "We are pleased to have completed this installation to improve the resident's comfort and give DHA powerful tools to efficiently manage their facilities. Our innovative EcoSmart control system brings real value to reduce installation and startup costs and continually manage energy costs for quick payback of their investment."
The Denver Housing Authority provides affordable housing to low and middle-income individuals representing over 10,000 families. DHA has transformed public housing in Denver; creating a vibrant, revitalized, sustainable, transit oriented, and mixed-income community of choice. Denver Housing Authority's mission is to serve the residents of Denver by developing, owning, and operating safe, decent and affordable housing in a manner that promotes thriving communities.
Telkonet, a leading United States-based energy management technology provider, offers hardware, software and services to commercial customers worldwide. The EcoSmart suite of products, which includes EcoInsight and EcoWave intelligent thermostats, the EcoGuard energy management outlet and the EcoSwitch energy-efficient light switch can be deployed in most building environments to cut utility costs and enable remote monitoring and control using the EcoCentral management platform. Telkonet's energy management products have the power to reduce energy consumption, minimize carbon footprints and help eliminate the need for the construction of new power plants. For more information, visit www.telkonet.com.
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EthoStream is one of the largest public High-Speed Internet Access (HSIA) providers in the world, providing services to more than 5.0 million users monthly across a network of greater than 2,350 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. For more information, please visit www.ethostream.com.
Forward Looking Statements
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 Annual Report on Form 10-K for the year ended December 31, 2012 filed with the Securities and Exchange Commission.
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