Dallas, Texas (August 10, 2011) – StockGuru Shines its Spotlight on Telkonet, Inc. (OTCBB: TKOI), developer of the revolutionary EcoSmart energy management platform which incorporates patented Recovery Time™technology, announced yesterday that the breathtaking Waterfront Hotel has become the latest hospitality leader to deploy a networked EcoSmart energy management system. The Company closed on August 9, 2011, at $0.18, trading up 12 percent and in a fifty-two week range of $0.23 – 0.086.
In partnership with Ecology Action, a nonprofit consulting firm, Telkonet helped the Waterfront Hotel, located in Oakland, CA, take advantage of the LodgingSavers utility ratepayer funded program. Telkonet installed a fully networked EcoSmart Energy Management System (EMS), replacing the hotel’s existing thermostats with the Telkonet EcoInsight intelligent thermostat. Because the thermostats are ZigBee-enabled to create a mesh network, they develop a facility-wide wireless network dedicated to remote monitoring and control over each guest room HVAC system. With occupied hotel rooms having an individual present just 30% of the time on average, employing Telkonet’s dynamic Recovery Time™ technology optimizes energy savings in the guest rooms while also ensuring that hotel guests enjoy a comfortable stay at the beautiful Waterfront Hotel.
The Waterfront Hotel is managed by Joie De Vivre, California’s largest boutique hotel collection, where guests can expect an opportunity to simply enjoy life. After a multi-million dollar renovation in 2008, the Waterfront Hotel has now replaced the inefficient thermostats used to control the water source heat pumps within the guest rooms. Prior to the installation of Telkonet’s EcoSmart platform, hotel management was unable to avoid excessive heating and cooling of unoccupied guestrooms. In addition to improving local control, the property management team now has the capability to monitor the health and efficiency of the HVAC systems themselves. “The transition from our old system to the EcoSmart was painless, as the installation included a simple thermostat replacement and the addition of EcoView remote occupancy sensors in each of the 145 guestrooms. Shortly after the EcoSmart wireless network equipment was installed, each of our guestrooms was on-line ready for us to view and manage. Telkonet’s basic system training and intuitive web interface gave us the confidence to begin using the system immediately,” said Mark Everton, General Manager of the Waterfront Hotel in Oakland, CA.
Jason Tienor, CEO, Telkonet, Inc., said, “The benefits of Telkonet’s EcoSmart Suite are immense; whereas before most hospitality property managers had no ability to monitor, control and commission the building controls and mechanical systems on an ongoing basis, with EcoSmart, it’s now easy to demonstrate savings, validated by powerful data and measurement and verification reports. Our client response has been overwhelmingly positive regarding the properties in which EcoSmart has been installed and we’re consistently delighted with savings that exceed our original projections.”
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
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).
To view this StockGuru Spotlight, please visit: http://stockguru.com/category/latest-spotlights/
To get free alerts on this and other similar stocks, please register here:
What is the StockGuru Spotlight?
Many companies covered in The StockGuru Spotlight have positive increases in both volume and share price. While this is not true in all cases, StockGuru strives to cover companies in The StockGuru Spotlight that are worth of our readers’ attention.
StockGuru looks for potential break-out candidates in The StockGuru Spotlight. Many of these companies have had recent news and appear to be getting the attention of investors. StockGuru does not typically feature companies in The StockGuru Spotlight that are compensating StockGuru for this coverage. There are times when StockGuru covers a stock in The StockGuru Spotlight that had previously compensated Stockguru. Where that is the case, a proper disclosure is included below. StockGuru and its partners, employees and writers never hold shares, short positions, warrants or any other current position in a stock featured in The StockGuru Spotlight.
To feature a company in The StockGuru Spotlight please contact the Publisher at [email protected]. If our reader is a key person for a publicly traded company, StockGuru can consider that company for either a StockGuru Spotlight or a StockGuru Profile. Please contact the StockGuru Publisher John Pentony at this email address: [email protected].
Stockguru.com (“SG”) provides its members with the latest news, press releases, and trade alerts for all the companies highlighted on the site StockGuru.com. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions. SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.Stockguru.com or mentioned herein.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SG undertakes no obligation to update such statements. StockGuru is occasionally compensated for coverage. When this is the case, SG clearly indicates this with a disclosure of all compensation received in the past and present. Additionally SG also discloses any anticipated compensation in the future. Compensation is typically in cash. Sometimes a company pays SG in restricted shares. Pentony Enterprise and its associated companies does not take free trading shares for any reason at anytime. StockGuru is not a registered investment adviser or a broker-dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
John Pentony, Publisher, Stockguru.com
Tel: +1 469 252 3031
e-mail: [email protected]