Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Appreciate your post covering TKO to TKOI. With all the recent forward steps management has taken, any projection of when the institutional investors will return to Telkonet?
Hey everyone. I have started a new TKOI board: investorshub.advfn.com/boards/board.aspx?board_id=16974
Telkonet Begins Trading Under New Symbol TKOI
GERMANTOWN, MD -- (Marketwire) -- 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.
nice recovery of pps today. up +.10 on 2.4M in volume. no news. hm-m-m,...wondering if this is some initial institutional buying or insider buying,...will investigate.
TKO 6Month Accum/Dist
TKO 6month RSI, MACD, ADX
TKO 6Month Bolli View
(riding the BB's on the top band for a while,..settled down to the middle now. RSI, MFI, and MACD all turning upward,...nice)
incredible volume,...this news has sent it over the top,...
RADAR ! TIME !!
can TKO make it back to the '08 levels of 1.75- 1.90 ?,...
Disclaimer: i have taken a position in TKO.
TKO Chart,...nice moves since Aug,...
looks like there is more room at the top since this news is released.
RSI, MACD, ADX indicators are in strength mode,...
SPECIAL SITUATIONS: Telkonet Inc. (AMEX: TKO)
Many times it will take a company with disruptive technology longer and more money than investors anticipate. Sometimes so long, that they end up in Wall Street's discard pile, forgotten by the investment community. Sometimes these companies turn out to be bargains, as it often takes investors who have given up on their potential time to realize that the business has turned around. Such could be the case with Telkonet Inc., a developer of powerline communications (PLC) technology that enables broadband Internet access using a building's internal electrical wiring. After a string of disappointments, the company reported its strongest quarter in memory, as revenue for the second quarter ended June 30, 2007 more than tripled to $3.7 million compared to $1.2 million in the 2006 second quarter. Gross profit also rose by a similar amount.
The company provides several technologies targeted at the hospitality industry, but the one that caused the surge in second quarter revenue was the SmartEnergy product, which allows customers, such as large hotels, the ability to maximize their energy uses by using intelligent programmable thermostats to adjust and maintain a room's temperature. As a result, wasted energy from heating and cooling unoccupied rooms can be avoided as the SmartSytem Setback constantly varies each room's temperature, guaranteeing that desired temperature will be achieved for any guest within minutes upon return to their room. Lights, using sensors, are turned off when the room is not in use. Energy consumption is reduced by up to 30% with this system which is a huge value-added in today's volatile, high-priced energy market. Babson College recently selected SmartEnergy to manage the in-room energy consumption in one of its dormitories by eliminating wasted energy from heating and cooling unoccupied rooms.
Telkonet custom-designs and develops all of its products and services, an attractive feature that enables the company to offer unique solutions to customers based on their specific needs. TKO's robust technology focuses on delivering high-speed transmission of secure voice, video and data communications over electrical wiring that is found in-premise for any building. This is done through the company's trademarked Telkonet iWire System that taps into a building's existing internal electrical wiring to establish Internet connectivity throughout an entire building. Telkonet iWire System offers a cost-efficient, reliable solution for properties not wired with CAT-5 or for those properties where such wiring is too expensive to install. There are thousands of hotels and properties that can't afford the expense of installing expensive wiring throughout the property. Through TKO's technology, they can offer state-of-the-art communications without a large capital outlay.
The targeted market for Telkonet's products and services is vast and consists of the hospitality, multi-dwelling unit, multi-tenant unit, residential and small business markets. Well known customers including Choice Hotels International, Destination Hotels, Marcus Hotels & Resorts, Sandman Hotels, Inns & Suites, the U.S. Department of Defense, Trump apartment and condominium properties, all have deployed the company's leading-edge technology.
The acquisitions of EthoStream and Smart Systems International allowed the company to expand its product portfolio to further diversify itself from competitors who rely on outsourcing for product development. TKO recognized the importance of EthoStream's comprehensive management platform that is backed by a dedicated in-house customer and technical support team that has a customer base of over 1900 hotel and time-share properties. As a result, the company can offer a complete line of product offerings including wireless access points and bridges, Power-over-Ethernet devices, Ethernet switches, DSL equipment and digital video recorder equipment to a large audience. Property owners
using Telkonet's technology can remotely monitor and manage their high-speed Internet access system in real time to determine that their guests are receiving high quality, reliable service. The number of users on the Internet can be viewed in addition to monitoring the amount of bandwidth being consumed. Support calls can also be tracked by management to ensure employees are providing a quality customer experience, which is crucial to the viability for any company in the hospitality industry.
Other unique qualities found in the TKO system include E-Secure, an efficient, manageable digital video security solution that provides a new level of service for property security. Such a system has the capability to display and record from 1 to 16 cameras simultaneously, providing managers with rapid and easy access to their videos and recordings. With Internet use on the rise in today's high technological world, alternative wiring options that are high quality and cost-effective are a must in the residential market as well as the commercial segment. Recently Telkonet signed a deal with 1-800-905-GEEK to penetrate the small business and residential market to bring together their family of broadband networking and energy management products to such customers.
As a result of the company taking longer than anticipated to ramp revenue, the stock has been a disappointment, creating the opportunity for risk-oriented investors. Shares that fetched more than $5 in late October, currently trade for just $1.80, giving the company a valuation of just $120 million. Recently, it implemented a program to perform nearly all of its installations in-house, virtually eliminating the need for outside contractors, which should result in higher margins and meaningful cost savings. The company said last week that it expected profitability by year-end. It also said that its energy management business should grow over the coming quarters as both electric utilities and building owners seek additional ways to conserve energy. Finally, its federal government-related programs are now well underway and are accelerating and its hospitality business is winning important contracts. Since the company appears to be heading down the right path, long-overdue rewards could be heading for shareholders.
===============================================================
Telkonet Ranked Number 64 Fastest Growing Company in North America on Deloitte's 2009 Technology Fast 500(TM)
Also Named #5 Fastest Growing Company by the Washington Business Journal
October 21, 2009
Marketwire
Telkonet, Inc. (AMEX:TKO - News), a Clean Technology company that develops and manufactures proprietary energy management and Smart Grid networking technology, today announced that it has been ranked number 64 in the latest Technology Fast 500(TM) list, Deloitte LLP's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five-year period from 2004-2008. Telkonet grew 2,841 percent during this period. In addition, Telkonet has been named fifth on the Washington Business Journal's Fastest Growing Companies list, based upon three-year revenue-growth percentage.
Telkonet's CEO, Jason Tienor, attributes the company's significant revenue growth over the last several years to its Clean Technology offering along with its centralized web-managed platform that integrates energy management, broadband networking, and support services. "This ranking represents an important market recognition of Telkonet's continuing repositioning, growth and revenue levels, demonstrating the value and ongoing potential of our strategic Clean Technology platform. We are enforcing our position as an important player in the energy efficiency market, as well as expanding our penetration into the Smart Grid Home Area Network (HAN) space. We're continuing to build market share, despite difficult economic conditions -- clearly demonstrated by our revenue-growth percentages, as highlighted by both the Technology Fast 500 and the Washington Business Journal's Fastest Growing Companies listings."
"Technology Fast 500(TM) recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth," said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate Telkonet on this accomplishment."
Overall, Technology Fast 500(TM) award winners for 2009 had growth rates ranging from 212 to 146,050 percent over five years, with an average growth rate of 2,486 percent.
For the Washington Business Journal's Fastest Growing Companies, in addition to high growth rates, companies must have had 2006 revenue of more than $2 million and 2008 revenue of more than $10 million in order to be eligible. Participants in the survey were based in the metropolitan Washington D.C. region.
Technology Fast 500(TM) Selection and Qualifying Criteria
Technology Fast 500(TM) provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Technology Fast 500(TM) award winners for 2009 were selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.
Technology Fast 500(TM) award eligibility requirements also include base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About Telkonet
Telkonet 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 hospitality, commercial, government, healthcare and education markets, are dynamically lowering HVAC costs in over 150,000 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 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.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. See www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
About Washington Business Journal
The Washington Business Journal has been Greater Washington's leading source of business news and information for more than 20 years, providing over 150,000 business executives with comprehensive news on local people, their companies, and industry trends. http://washington.bizjournals.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).
EthoStream Selected as Preferred HSIA Vendor for Prestigious Radisson Venues in North America
October 8, 2009
Radisson Hotels & Resorts to Deploy EthoStream's Fully Managed High Speed Internet Access Service
GERMANTOWN, MD--(Marketwire - 10/08/09) - EthoStream, LLC, a Telkonet company, (AMEX:TKO - News), a Clean Technology company that develops and manufactures proprietary energy management and SmartGrid networking technology, announces that it has been awarded Preferred Vendor status by Radisson Hotels, after a competitive tender, for the world leading full-service hotel brand, Radisson Hotels & Resorts. Early pioneers of complimentary wireless access for guests back in 2006, the Radisson brand continues to set new standards of technological excellence, partnering with Telkonet company EthoStream for its leading edge wireless HSIA solutions and comprehensive support services.
EthoStream has a long-standing relationship with Radisson Hotels, spanning more than 4 years and over 40 hotel property installations. Central to the Radisson brand's forward strategy is the ability to provide the fastest, most reliable wireless connections to guests, complemented by excellent 24/7 support services. Radisson's decision to select EthoStream as a preferred vendor reflects EthoStream's track record, with its advanced solutions delivering on all counts. The ability to monitor the HSIA network remotely and in real-time ensures that Radisson's guests receive a seamless service.
EthoStream currently provides HSIA services and proactive support to more than 2,500 hotels, with over 2 million users per month. With the rising market demand for bandwidth-intensive applications, hotel management are under pressure to install high-bandwidth solutions to accommodate current and future needs, ensuring a consistently high quality guest experience. The ability to add technology easily and quickly from a cost-effective, easily scalable platform is at the heart of EthoStream's product philosophy, as Vice President of Hospitality Operations Matt Koch explains, "We are delighted to have been selected for the Radisson brand, supporting their reputation as consistent innovators for guest services. Our success is based on providing our hospitality customers with advanced tools, supporting their technology strategies so they can provide the best guest support and introduce new services without compromise."
EthoStream's platform has been designed to prioritize guest satisfaction at all times, providing 24/7 fully managed, in-house HSIA support services for instant expert assistance with Internet-related issues. Conceived to provide a simple, all-in-one solution for Internet access within a commercial public-access network, the EthoStream Gateway Server (EGS) can be integrated quickly and easily with any combination of Wireless Area Networks (WAN) connections to deliver wired, wireless or hybrid HSIA. The EGS links directly to EthoStream's support center and the web-based Software as a Service (SAAS) platform -- EthoStream Central -- enabling both property management and EthoStream's support team remotely to monitor and control a property's HSIA usage, data and the ISP status securely in real-time.
About Telkonet
Telkonet 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 over 140,000 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 revenues 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).
EthoStream Awarded Contracts to Provide Converged Network Solution and Guest Support for Two Additional Destination Hotels & Resorts
August 18, 2009
GERMANTOWN, Md.--(BUSINESS WIRE)--EthoStream, LLC, a Telkonet company (NYSE Amex: TKO), operator of one of the largest hospitality high-speed Internet access (HSIA) networks in the U.S. and a preferred or endorsed provider for some of the world’s largest hotel companies, announced today that it has received contracts from Destination Hotels & Resorts, consistently ranked one of the top ten largest independent hospitality management companies in the U.S. EthoStream is providing a single-solution converged IP network for the world-class Terranea Resort on California’s Palos Verdes Peninsula, which opened on June 12, 2009. The project involves integrating wireless and wired high-speed Internet access (HSIA) with back-office connectivity and remote customer support. At the Resort at Squaw Creek near Lake Tahoe, California, EthoStream is installing wireless networking throughout the luxury resort, as well as providing 24/7 guest support services.
Business Wire - EthoStream is providing a single-solution converged IP network for the new world-class Terranea Resort on California's Palos Verdes ...
Jeff Henschel, Vice President of Technology - Hotels for Destination Hotels & Resorts, commented, “For our new flagship Terranea Resort, we wanted to consolidate a diversity of network applications over a single managed IP network, while still meeting our stringent budget requirements. EthoStream was able to deliver on all fronts. Its core network delivers consistent connectivity – across guest Internet access, mini-bar communications, guest TV systems, and our Property Management System. This converged network achieves far greater efficiency, as well as giving us a secure, extendible platform for our business-critical applications, and streamlining our operations.”
With EthoStream’s web-based management interface, Destination Hotels & Resorts is now able to manage 14 of their properties remotely from a single location, involving a total of over 4,000 guestrooms. Remote management facilities include the ability to compare HSIA usage among properties, as well as monitor Internet connectivity and guest support activity. EthoStream will be providing 24/7 support to both properties, taking over guest support from the internal IT staff at the Vail Cascade Resort and displacing the current vendor at the Resort at Squaw Creek. EthoStream’s in-house support center has a real-time view of guests’ HSIA usage via EthoStream’s web-based platform, enabling quick, proactive problem resolution.
About Destination Hotels & Resorts
Destination Hotels & Resorts is one of the largest independent hospitality management companies in the country with more than 30 luxury and upscale hotels, resorts and conference centers. To protect and preserve the unique communities in which the company operates, Destination launched Destination Earth, an environmental sustainability program in 2008. In June of 2009, Destination opened the 582-room Terranea Resort situated on the Palos Verdes Peninsula in southern California. The 102-acre ocean front resort features a 25,000-square-foot destination spa, three swimming pools, three ocean-view restaurants and a Todd Eckenrode-designed par three golf course. In addition to Terranea Resort in the greater Los Angeles area, Destination operates properties in key metropolitan areas and resort markets including Washington, D.C., Denver, San Diego, Santa Fe, Aspen, Palm Springs, Houston and Lake Tahoe. Destination is a subsidiary of Los Angeles-based investment, development and management firm Lowe Enterprises. For more information on the properties in the Destination Hotels & Resorts collection, please visit www.destinationhotels.com.
About EthoStream
EthoStream, LLC is a technology solution provider targeting the hospitality and MDU/MTU verticals. Operating one of the largest hospitality high-speed Internet access (HSIA) networks in the U.S., EthoStream, a preferred or endorsed provider for some of the world’s largest hotel franchisors, has developed the most comprehensive technology management platform available for the hospitality industry.
EthoStream has distanced itself from other providers in the hospitality HSIA field through the size of its EthoStream Hospitality Network, high quality of technology and support provided to network members, security of the network and overall guest satisfaction. Beyond claims made by competitors, as the premier hospitality HSIA provider, EthoStream has continued to lead the industry through end-to-end service and its high quality standards. www.ethostream.com
About Telkonet
Telkonet 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 over 140,000 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).
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6031326〈=en
MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6031326
Contact:
EthoStream Investor Relations
240-912-1811
ir@EthoStream.com
or
Garrett Axford
Georgina Garrett / Simon Jones
866-940-9987, +44-1903-854900
mail@garrett-axford.co.uk
Telkonet Announces 2009 Second Quarter Results
August 17, 2009
GERMANTOWN, Md.--(BUSINESS WIRE)--Telkonet, Inc. (NYSE Amex:TKO), a Clean Technology company that develops and manufactures proprietary energy management and SmartGrid networking technology, announced today second quarter results for the period ended June 30, 2009. Telkonet has reflected MSTI Holdings, Inc. (OTCBB:MSHIE - News) or “MST” results of operations in the condensed consolidated statement of operations through the date of the disposal (April 22, 2009) as discontinued operations for all periods presented.
For the 2009 second quarter, Telkonet, Inc. had revenue of $3.1 million, a decrease of 33% compared to $4.6 million in the 2008 second quarter. The Company’s second quarter results for 2009 were impacted by the challenges presented by the current economic environment, which significantly impacted Telkonet’s largest target market, the Hospitality segment. Telkonet’s revenues increased by 7% when compared to the quarter ended March 31, 2009.
Telkonet, Inc. reported gross margins of 57% for the second quarter of 2009 compared to the 2008 second quarter of 42%, and 52% in the first quarter of 2009.
Selling, general and administrative expenses were $1.7 million, compared to $2.6 million in the 2008 second quarter and $1.6 million in the 2009 first quarter.
Telkonet, Inc. reported a 2009 second quarter net income of $7.4 million, or $0.08 per share, compared to a net loss of $(4.2) million or $(0.08) per share in the 2008 second quarter. Net income for the second quarter of 2009 included a gain on deconsolidation of MSTI of $6.9 million, or $0.07 per share.
Excluding the results of operations of MST, Telkonet had a negative adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization), a non-GAAP measure, in the second quarter of 2009 of approximately $(185,000) compared to a negative adjusted EBITDA of $(1.2) million in the 2008 second quarter.
“Our financial results in the second quarter represent a significant milestone for the Company and our shareholders, which is the deconsolidation of our former MST subsidiary,” said Jason Tienor, Chief Executive Officer of Telkonet, Inc. “Our financial statements now provide much-needed financial transparency, and we are able to highlight to shareholders the positive results of the Company’s restructuring efforts over the past 18 months. Although this year has not provided the top-line sales growth anticipated after 2008’s record year, primarily due to the impact of the economy on our customers, we have continued to grow our sales pipeline, so that when the economy rebounds the Company will be positioned to realize our long-term goals of sustained growth and increased shareholder value. In addition, we believe that our near-term goals are within reach and we expect to achieve positive EBITDA for the first time in the Company’s history.”
For the six months ended June 30, 2009, Telkonet had revenue of $6.0 million, a decrease of 31% compared to $8.6 million in the six months ended June 30, 2008. Telkonet, Inc. reported gross margins of 55% for the six months ended June 30, 2009 compared to 35% for the six months ended June 30, 2008.
Selling, general and administrative expenses were $3.4 million for the six months ended June 30, 2009, compared to $5.1 million for the six months ended June 30, 2008.
Telkonet, Inc. reported a net income of $6.3 million, or $0.07 per share, for the six months ended June 30, 2009, when compared to a net loss of $(9.3) million, or $(0.13) per share for the six months ended June 30, 2008. Net income in 2009 includes a $6.9 million gain on the deconsolidation of MST. Telkonet had a negative adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization), a non-GAAP measure, of approximately $(565,000) for the six months ended June 30, 2009, compared to negative adjusted EBITDA of $(3.2) million for the six months ended June 30, 2008.
Conference Call
The Company will hold a conference call Monday, August 17 at 8:30 a.m. Eastern Time to discuss these results. Interested parties should dial 866-893-4204 (domestically) or 706-758-7105 (internationally). Please use 24338595 as the conference ID number. There will be a replay of the call available until September 18, 2009 posted on the Investor Relations page of the Telkonet web site at http://www.telkonet.com/investors/investors.php.
NON-GAAP Financial Measures
To comply with Regulation G promulgated pursuant to the Sarbanes-Oxley Act, Telkonet, Inc. attached to this news release and will post to the company’s investor relations web site (www.telkonet.com) any reconciliations of differences between non-GAAP financial information that may be required in connection with issuing the company’s financial results.
The Company, as is common in its industry, uses EBITDA as a measure of performance to demonstrate earnings exclusive of interest and non-cash events. The Company manages its business based on its cash flows. The Company, in its daily management of its business affairs and analysis of its monthly, quarterly and annual performance, makes its decisions based on cash flows, not on the amortization of assets obtained through historical activities. The Company, in managing its current and future affairs, cannot affect the amortization of the intangible assets to any material degree, and therefore uses EBITDA as its primary management guide. Since an outside investor may base its evaluation of the Company’s performance based on the Company’s net loss not its cash flows, there is a limitation to the EBITDA measurement. EBITDA is not, and should not be considered, an alternative to net loss, loss from operations, or any other measure for determining operating performance of liquidity, as determined under accounting principals generally accepted in the United States (GAAP). The most directly comparable GAAP reference in the Company’s case is the removal of interest, depreciation, amortization, taxes and other non-cash expense. In assessing the overall health of its business during the quarter ended June 30, 2009 and 2008, the Company excluded items in the following general categories, each of which are described below:
* Loss on Sale of Investment. In February 2009 the Company completed the sale of its investment in a publicly-traded company and recorded a $29,371 loss on the sale of the investment in the consolidated statement of operations for the quarter ended June 30, 2009. The Company considers this an investment transaction, and it is not an indication of operating performance. Therefore the Company does not consider the inclusion of our sale of this investment helpful in assessing its current financial performance compared to previous periods as well as prospects for the future.
* Gain on Derivative Liability. During the quarter ended June 30, 2009, the Company recorded a non-cash gain on the derivative liability of $1,175,573 in connection with the sale of the Convertible Debentures in May and July 2008. These Debentures have embedded derivatives and the accounting treatment of derivative financial instruments requires that the Company record all derivatives and related warrants, and classify all other non-employee stock options and warrants as derivative liabilities and mark them to market at each reporting date. The fair value of such derivatives that were reclassified as liabilities from additional paid-in capital for the quarter ended June 30, 2009 totaled $1,219,775. The Company considers this a financing transaction, and it is not an indication of current or future operating performance. Therefore the Company does not consider the inclusion of this transaction helpful in assessing its current financial performance compared to previous periods as well as prospects for the future.
* Other Expense. In the first quarter of 2008, the Company recorded a non-recurring non-cash expense of $1,598,203 in connection with an amendment to 3,380,000 stock purchase warrants held by private placement investors which reduced the exercise price under such warrants from $4.17 per share to $0.6978258 per share. The Company considers this a financing transaction, and it is not an indication of current or future operating performance. Therefore the Company does not consider the inclusion of this transaction helpful in assessing its current financial performance compared to previous periods as well as prospects for the future.
* Impairment write-down in investment in affiliate. In the second quarter of 2008, the Company recorded a one-time non-cash expense of $380,000 in connection with the issuance of 600,000 shares of Company stock attributable to the release of shares from a purchase price contingency escrow. The Company considers this an investment transaction, and it is not an indication of current or future operating performance. Therefore the Company does not consider the inclusion of this transaction helpful in assessing its current financial performance compared to previous periods as well as prospects for the future.
* Stock-Based Compensation. The Company believes that because of the variety of equity awards used by companies, varying methodologies for determining stock-based compensation and the assumptions and estimates involved in those determinations, the exclusion of non-cash stock-based compensation enhances the ability of management and investors to understand the impact of non-cash stock-based compensation on our operating results. Further, the Company believes that excluding stock-based compensation expense allows for a more transparent comparison of its financial results to previous periods.
Each of the non-GAAP financial measures described above, and used in this press release, should not be considered in isolation from, or as a substitute for, a measure of financial performance prepared in accordance with GAAP. Further, investors are cautioned that there are inherent limitations associated with the use of each of these non-GAAP financial measures as an analytical tool. In particular, these non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles and many of the adjustments to the GAAP financial measure reflect the exclusion of items that are recurring and will be reflected in the Company’s financial results for the foreseeable future. The Company compensates for these limitations by providing specific information in the reconciliation included in this press release regarding the GAAP amounts excluded from the non-GAAP financial measures. In addition, as noted above, the Company evaluates the non-GAAP financial measures together with the most directly comparable GAAP financial information.
(1) GAAP stands for Generally Accepted Accounting Principles.
About Telkonet
Telkonet 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 over 140,000 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).
TELKONET, INC.
RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2009 AND 2008
(Unaudited)
Three Months Ended Six Months Ended
June 30, 2009 June 30, 2008 June 30, 2009 June 30, 2008
Net income (loss), as reported $ 7,409,489 $ (4,231,841 ) $ 6,301,787 $ (9,352,872 )
Net (income) loss from discontinued operations 123,438 1,174,339 635,735 2,041,760
Net (gain) from discontinued operations (6,932,586 ) - (6,932,586 ) -
Net income (loss) from continuing operations 600,341 (3,057,502 ) 4,936 (7,311,112 )
Financing expense, net 212,720 152,832 481,536 349,804
Depreciation and amortization 93,683 107,577 180,517 215,154
EBITDA attributed to Telkonet segment 906,744 (2,797,093 ) 666,989 (6,746,154 )
Adjustments:
Loss on sale of investment - - 29,371 -
Other expense - - - 1,598,203
(Gain) loss on derivative liability (1,175,573 ) 1,018,453 (1,439,274 ) 1,018,453
Impairment write-down in investment in affiliate - 380,000 - 380,000
Stock based compensation 83,810 206,432 177,620 510,130
Adjusted EBITDA $ (185,019 ) $ (1,192,208 ) $ (565,294 ) $ (3,239,368 )
TELKONET, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(UNAUDITED)
For The Three Months
Ended
June 30,
For The Six Months
Ended
June 30,
2009 2008 2009 2008
Revenues, net:
Product $ 2,098,640 $ 3,781,214 $ 4,017,067 $ 6,983,451
Recurring 1,011,729 826,917 1,991,254 1,662,246
Total Revenue 3,110,369 4,608,131 6,008,321 8,645,697
Cost of Sales:
Product 1,032,183 2,265,073 2,108,822 4,723,851
Recurring 303,513 422,680 609,347 858,063
Total Cost of Sales 1,335,696 2,687,753 2,718,169 5,581,914
Gross Profit 1,774,673 1,920,378 3,290,152 3,063,783
Operating Expenses:
Research and Development 222,316 492,689 498,278 1,157,811
Selling, General and Administrative 1,737,376 2,619,897 3,357,168 5,145,340
Impairment write-down in investment in affiliate - 380,000 - 380,000
Stock Based Compensation 83,810 206,432 177,620 510,130
Depreciation and Amortization 93,683 107,577 180,517 215,154
Total Operating Expense 2,137,185 3,806,595 4,213,583 7,408,435
Loss from Operations (362,512 ) (1,886,217 ) (923,431 ) (4,344,652 )
Other Income (Expenses):
Financing Expense, net (212,720 ) (152,832 ) (481,536 ) (1,948,007 )
Gain (Loss) on Derivative Liability 1,175,573 (1,018,453 ) 1,439,274 (1,018,453 )
(Loss) on Sale of Investment - - (29,391 ) -
Total Other Income (Expenses) 962,853 (1,171,285 ) 928,367 (2,966,460 )
Income (Loss) Before Provision for Income Taxes 600,341 (3,057,502 ) 4,936 (7,311,112 )
Provision for Income Taxes - - - -
Income (Loss) from Continuing Operations $ 600,341 $ (3,057,502 ) $ 4,936 $ (7,311,112 )
Discontinued Operations
Income (Loss) from Discontinued Operations (123,438 ) (1,174,339 ) (635,735 ) (2,041,760 )
Gain on Deconsolidation 6,932,586 - 6,932,586 -
Net Income (Loss) $ 7,409,489 $ (4,231,841 ) $ 6,301,787 $ (9,352,872 )
Net income (loss) per share:
Income (loss) per share from continuing operations - basic
$
0.01 $ (0.04 ) $ 0.00 $ (0.10 )
Income (loss) per share from continuing operations - diluted
$
0.01 $ (0.04 ) $ 0.00 $ (0.10 )
Income (loss) per share from discontinued operations – basic
$ 0.07 $ (0.01 ) $ 0.07 $ (0.03 )
Income (loss) per share from discontinued operations – diluted
$ 0.07 $ (0.01 ) $ 0.07 $ (0.03 )
Net income (loss) per share – basic
$ 0.08 $ (0.05 ) $ 0.07 $ (0.13 )
Net income (loss) per share - diluted
$ 0.08 $ (0.05 ) $ 0.07 $ (0.13 )
Weighted Average Common Shares Outstanding - basic
94,765,021 77,319,806 92,550,245 74,583,911
Weighted Average Common Shares Outstanding - diluted
94,765,021 77,319,806 92,550,245 74,583,911
Comprehensive Income (Loss):
Net Income (Loss) $ 7,409,489 $ (4,231,841 ) $ 6,301,787 $ (9,352,872 )
Unrecognized Gain (Loss) on Investment - (1,019,237 ) 32,750 (1,558,204 )
Comprehensive Income (Loss) $ 7,409,489 $ (5,251,078 ) $ 6,334,537 $ (10,911,076 )
Contact:
Telkonet Investor Relations
240-912-1811
ir@telkonet.com
or
Garrett Axford
Georgina Garrett / Simon Jones
866-940-9987, +44-1903-854900
mail@garrett-axford.co.uk
Telkonet Stages Free Smart Grid Webinar on Deploying Powerline Communications (PLC) Technology for Intra-Substation Communication
August 10, 2009
Substation Automation at the Top of the Agenda, Looking at How PLC Can Deliver Proactive, Reliable Real-Time Data Monitoring
GERMANTOWN, Md.--(BUSINESS WIRE)--Telkonet, Inc. (NYSE Amex:TKO), a Clean Technology company that develops and manufactures proprietary energy management and Smart Grid networking technology, announces that it is hosting a free-access utility substation automation Webinar on Wednesday, August 26, 2009. Utility companies are continually researching new methods of improving substation operation, with reliable communications often requiring a disproportionate investment in fiber laying and equipment. The Webinar looks at the role played by powerline communications (PLC) technology as a viable alternative, using the existing low voltage or control wires to provide a reliable, secure communications network within a substation. The agenda includes an in-depth discussion regarding the proactive monitoring of transformers and other equipment to improve reliability together with saving operation and maintenance costs, with PLC providing the communications channel between a Control House and the Transformers/ Circuit Breakers.
Related Quotes
Featuring industry professionals from Dynamic Ratings and SDG&E, along with Telkonet’s resident expert Teejay Reidl, Telkonet’s Webinar will provide a comprehensive comparison of the various communication-enabling technologies, together with specific installation examples.
Webinar topics:
* Substation challenges in capturing, monitoring, and measuring data, particularly between the control house and intelligent electronic devices (IEDs)
* Comparison of wireless, BPL, PLC and other communication technologies
* How PLC addresses the stringent demands of the substation environment
* PLC deployment scenarios
* Case studies using PLC technology
Who should attend?
* Substation Asset Managers
* Substation/Transformer Engineers
* Substation Operations Manager
* Communication/SCADA Engineers
* Substation Automation Engineers
Presenters and Moderator:
* Mike Rodriquez, Senior Project Engineer, Dynamic Ratings
* Terry Snow, Principle Engineer, San Diego Gas & Electric
* Teejay Riedl, Integration Engineer, Telkonet
* Jeff Sobieski, Chief Operating Officer, Telkonet
Date, Time and Registration Details:
Wednesday, August 26, 2009 – 2 PM Eastern / 11 AM Pacific
To attend, register by Friday, August 21 to ensure your free participation at http://www.telkonet.com/webinar_signup.php
About Telkonet
Telkonet 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, aimed at the hospitality, commercial, government, healthcare and education markets, are dynamically lowering HVAC costs in over 140,000 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 (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).
Contact:
Media Contacts:
Telkonet Investor Relations
240-912-1811
ir@telkonet.com
or
Garrett Axford
Georgina Garrett/Simon Jones
866-940-9987, +44-1903-854900
mail@garrett-axford.co.uk
Novicetrader -
guess you got your answer now. So glad I sold around 0.66 and am out for now though I still believe in the company's products. But they need to get their finances squared away to go anywhere and a demotion to the OTCBB will hamper investment interests and makes them prone to MM games with diminishing volumea and transparency into the true L2 and L3 gets lost.
Telkonet Inc. Receives NYSE Amex Staff Determination
GERMANTOWN, Md., Sep 02, 2009 (BUSINESS WIRE) -- Telkonet, Inc. (NYSE Amex: TKO), a Clean Technology company that develops and manufactures proprietary energy management and SmartGrid networking technology, announced that on August 27, 2009, NYSE Amex LLC (the "Exchange") delivered a delisting notification indicating that it has not accepted Telkonet, Inc.'s (the "Company") plan to regain compliance with the Exchange's continued listing standards, as submitted by the Company on June 25, 2009.
Specifically, the notice indicated that the Company is not in compliance with Section 1003(a)(iv) of the Company Guide in that its financial condition has become so impaired that it appears questionable, in the opinion of the Exchange, as to whether the company will be able to continue operations and/or meet its obligations as they mature and that the Company's plan does not make a reasonable demonstration of the Company's ability to regain compliance with Section 1003(a)(iv) of the Company Guide. More specifically, the Exchange based its determination on the Company's financial condition disclosed in the Company's 10-Q for the period ended June 30, 2009 and the Exchange staff's doubt as to the Company's ability to raise additional capital structured to meet the requirements of the Exchange's rules. The Exchange staff also determined that the Company had not adequately addressed its plan to increase the selling price of its common stock, which constitutes an additional deficiency, pursuant to Section 1003(f)(v) of the Company Guide.
The Company intends to exercise its limited right to appeal the basis for the delisting determination by requesting a hearing before an Exchange Listing Qualifications Panel, which must be filed with the Exchange on or prior to September 3, 2009. As a condition to any appeal, the Company is required to pay to the Exchange the total sum of $55,000 consisting of a non-refundable $5,000 hearing fee and unpaid listing fees totaling $50,000. During the appeals process, the Company expects that its common stock will remain listed on the Exchange. The Company intends to continue to execute on the plan it submitted to the Exchange and remains optimistic of its ability to meet the targets and commitments set forth therein, however, there can be no assurance that it will be able to do so or that the Exchange will grant the Company's request for continued listing of its common stock. In the event that the Company's common stock is delisted from the Exchange, the Company expects its common stock to trade on the Over-the-Counter Bulletin Board.
About Telkonet
Telkonet 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 over 140,000 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 revenues 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).
SOURCE: Telkonet, Inc.
The way it has been trading for the past 3 weeks maybe there is hope on this POS..
Novicetrader...Thanks for bring that information to the table..I never notice anything about delisting TKO..I will start checking around...Thanks again, PP
Novicetrader...Thanks for bring that information to the table..I never notice anything about dis-listing TKO..I will start checking around...Thanks again, PP
Anyone know what happened to the delisting issue on TKO?I see that they were advised in mid-May about non-compliance & the company had said it intends to submit a plan to the Exchange by June 18,2009.Don't see any filing/news about them submitting a plan since,nor do I see any mention about it in the 10Q that just came out.Do we have any update on this delisting issue?Or we get it in tomorrow's CC?
Albeit I still own many shares of TKO I still it is a POS..I hope I can recover some of my money..
(TKO)PR News...
As of 12:00 AM ET 8/13/09
Telkonet, Inc. (NYSE Amex: TKO), a Clean Technology company that develops and manufactures proprietary energy management and SmartGrid networking technology, announced today that it will report second quarter results for the period ended June 30, 2009 on Monday, August 17, 2009. The Company will hold a conference call at 8:30 am 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# 24338595. There will be a replay of the call available until September 18, 2009 posted on the Investor Relations page of the Telkonet web site at http://www.telkonet.com/investors/investors.php.
(TKO) Telkonet Products
Telkonet’s patented powerline communications (PLC) systems – the Telkonet iWire System and next generation 200 Mbps Telkonet Series 5 – use a building’s existing internal electrical wiring to enable Internet connectivity throughout an entire building, converting electrical outlets into high-speed data ports. This is an ideal solution for properties that are not wired with CAT-5 or where CAT-5 is cost-prohibitive.
The EthoStream Gateway Server (EGS) product line of gateway devices, which are developed in-house, deliver wired or wireless high-speed Internet access, integrating easily with any combination of WAN connections. The EGS products range from a cost-effective gateway for limited use applications to a feature-rich, dual-WAN, scalable gateway for full-service properties.
Telkonet’s energy management systems, Telkonet SmartEnergy (TSE) and Networked Telkonet SmartEnergy (NTSE), reduce in-room energy consumption by controlling heating, ventilation and air conditioning (HVAC) usage based on occupancy. By eliminating unnecessary heating and cooling of vacant rooms, TSE typically reduces energy consumption by 30% or greater.
Telkonet’s proactive support center brings quality of service to a new level with its dedicated, in-house employees, 24/7/365 support, and integrated proactive monitoring and management tools that put property management in control. By integrating the EthoStream Gateway Server and the web-based Telkonet CENTRAL, our in-house support team has real-time visibility into a property’s HSIA usage and data, as well as ISP status.
(TKO) Telkonet Smart Energy Systems are saving "Big" $$$$ for the Hotel and Motel Industry by saving on curbing wasted energy usage...
13 Green Hotel Projects Proven To Save Money
by Brandon Conard & Jay Sandler
Luxury resorts and small motels alike benefit financially from being energy efficient: cutting energy usage is good for the planet, it helps the economy, and it puts money in the hotel’s pockets. However, while energy efficiency opportunities abound, they are frequently not taken. Why? In working with hotels, sustainability analysts at BlueMap Inc. found many managers simply did not understand how fast the cost of wasting energy adds up to real money. To help clarify this, BlueMap compiled the list below of simple steps any hotel can do to save energy – but more importantly they figured out how much each one can save you.
1) Smart Energy System
The Telkonet Smart Energy System uses integrated sensors and smart thermostats to shut down room heating and cooling when it is not needed. The Smart Energy System uses infrared sensors in the room to detect motion and body heat in a room, which then wirelessly tells the through-the-wall climate control unit to adjust the room’s temperature accordingly. By using the Smart Energy System, in parts of the country with significant heating or cooling needs, hotels can save as much as $100 per room.
2) Vending Miser Product
VendingMachines run the display case light and refrigerator motor day and night, regardless of time or occupancy. VendingMiser cuts back on this energy waste. VendingMiser uses a motion detector to sense when no one has been around the machine for a while, and then it shuts off the display light and turns off the refrigerator motor. To make sure the drinks in the machine do not get warm, VendingMiser turns the motor back on every two hours for a bit, but this way the motor is not running full blast all through the night. VendingMiser can save $150 a year per machine, and many utilities give rebates for buying it that are large enough to offset over half the purchase price.
3) Commercial Coffee Maker
Almost every hotel offers free coffee to guests in the lobby areas. These coffee pots are usually kept hot even when they are not actually in use, which is a problem since commercial coffee makers consume a great deal of energy (about 2,500 watts). If the coffee maker is turned off for four hours per day when not in use, it can save the hotel owner approximately $275 per year.
4) Televisions
The average 19-inch CRT television is rated at 250 to 300 watts. This may be the most conspicuous waste of energy at a hotel, as many guests leave the set on when they are not in the room. Turning the T.V. off for two hours per day when not in use could save hotels approximately $50 per year.
5) Room Lighting
While the drive to switch to CFL light bulbs or the new, brighter LED lights is spreading to hotels, most room provide four table or wall-mounted incandescent lamps. Typically, these are 100-watt incandescent bulbs. When they are left on for four hours per day, the energy cost is $50 per year, per room.
6) Bathroom exhaust fan
Some guest bathroom exhaust fans are controlled by the light switch. Therefore, when the bathroom light is left on, the fan runs continuously. This is a very small motor; therefore, if the fan were left on eight hours per day, it would cost about $25 per year to operate, not including the large cost of replacing exhausted air with outside air.
7) Bathroom light
It is difficult to generalize the lighting load of guest bathroom lighting since there is a variety of fixtures, but a 200-watt light equivalent can be assumed. Guests frequently leave bathroom lights on as night lights. Assuming this happens on a regular basis, or about eight hours per day, it will cost an additional $50 per room per year to operate this light.
8) Pool lights
Small indoor swimming pools are usually provided with two 500-watt incandescent underwater lights. Unfortunately, many managers leave these lights on for decorative purposes when the pool room is closed. Turning these lights off for eight hours every night will save approximately $250 per year.
9) Pool room exhaust fan
It is not unusual to find a one-horsepower exhaust fan operating continuously on the outside wall of an indoor pool. This fan can easily be turned off for at least eight hours per day, saving $200 per year.
10) Jacuzzi
Many new limited service hotels have a small indoor pool and whirlpool. It is not unusual to find a whirlpool with an aerator that operates continuously. This aerator is typically a one and one-half horsepower pump and can easily be kept off for at least four to eight hours per day. If the aerator runs continuously, it will cost an additional $200 to $300 per year to operate.
11) Housekeeping/storeroom lights
Storerooms generally have one or two 100-watt incandescent lights that are frequently left on continuously. When these lights burn all hours, it will cost the hotel $60 to $120 per year per room in wasted energy.
12) Stairwell lighting
The most popular design for limited service hotels incorporates numerous exterior windows that almost always provide adequate light in stairwells during daytime hours. If, despite the natural light, lights are turned on continuously in stairwells, it will cost $200 to $300 per year per stairwell depending on the number of floors in the hotel. (Hotels without natural light must leave stairwell lights on 24-hours per day for safety reasons.)
13) Parking lot lights
Savings obtained in reducing parking lot lighting depends directly on the total number of lights and wattage in a parking lot. Assuming the presence of ten 400-watt high-pressure sodium lamps, operating these lights just one hour too long in the morning and in the evening will cost the hotel owner an additional $250 per year.
Conclusion
While it can be difficult to assess how much energy is wasted each year in a hotel, hotel managers now have technology to help limit the waste: timers, occupancy sensors, as well as energy management systems. Although hotel guests’ habits vary and local energy costs may diverge from the national average ($0.08/kWh – used in the aforementioned figures), it is not unusual to find yearly cost savings from $10,000 to $30,000 or more per property. With the assistance of an experienced sustainability consultant, hotel owners can cut costs even more substantially, contribute to the greening of their communities, and leverage their efforts with a green marketing campaign.
If your hotel would like help calculating which of these measures, or other clean tech products, can help them save money, please contact BlueMap Inc.
Brandon Conard and Jay Sandler are Sustainability Analysts at BlueMap Inc., a research firm focused on the quantification of sustainability decisions and clean tech investments for our clients. BlueMap Inc. specializes in creating profitable and innovative environmental impact reduction strategies for our clients. BlueMap's advantage is its focus on quantitative analysis to prove which strategies concurrently lower overall costs as well as environmental impact.
(TKO) Nice Volume today...Getting interesting..
(TKO)..The 50Ma keeps moving upward toward the 200Ma and crosses, Mommy..Looken good(IMHO)...
(TKO) Alittle profit taking Tuesday..(IMHO)Something is starting and storm clouds are gathering..