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Darn but appreciate the honesty. I'm not convinced we won't slide back like we have on past run-ups, but am highly confident of a rapid increase in profitability that will be apparent on our Q2 report, and that should seal the deal once and for all. The Samsung deal should also be lucrative for us. I'm a believer...obviously.
Looks like it's just you and me here! Hoping for a Zebra Technologies announcement too later today or tomorrow. Would also like to see a little stronger volume.
Samsung and Telkonet Announce Strategic Alliance [details] with the Release of The Smart Hospitality Room
Link: http://investors.telkonet.com/pr/release/id/1353380
NOTE THAT SAMSUNG PICKED US, NOT VICE VERSA! SAME GOES WITH TRANE.
Telkonet Upgrades Hospitality Guest Experience With New EcoTouch - Beautifully Simple Wireless Thermostat
Link: http://irdirect.net/pr/release/id/1352823
Mikeonmicrocaps,
You are a microcapclub member right? Just wondering why I never see Telkonet in the active forum topics there. This seems an extremely obvious stock pick for them. I'm a wannabe member and submitted a killer application this winter on...you guessed it...TKOI. But apparently it wasn't up to MC2 standards, despite a similar piece on Telkonet that showed up online soon afterwards.
Tedpeele are you a Telkonet believer yet?
That it was! Let's hope it sticks this time. Keep in mind we haven't heard anything about their new EcoTouch thermostat or any deal with Zebra Technologies (see their tweets) plus who knows what else! Hoping more announcements are coming...
"The Internet of things is here". Zebra Technologies, Telkonet and Ethostream. What's up with Zebra??
Link: http://t.co/vczSrucUEx
Samsung and Telkonet Announce Strategic Hospitality Alliance
http://www.businesswire.com/news/home/20150615005788/en/Samsung-Telkonet-Announce-Strategic-Hospitality-Alliance#.VX7QVYb3anM
Option for Telkonet reverse split at BOD's discretion approved!
c) The Company’s shareholders approved an amendment to our Amended and Restated Articles of Incorporation to effect, in the sole discretion of our Board of Directors, a reverse stock split of our common stock, par value $0.001 per share, at any time prior to next year’s Annual Meeting of Stockholders by a ratio of not less than 1-for-10 and not more than 1-for-50, with the specific ratio, timing and terms to be determined by our Board of Directors, in its sole discretion:
Votes For Votes Against
70,605,648 12,508,416
Mike aka dude, pal, buddy, etc
Can you contact me via private reply or using my littlbyrdy yahoo address? My IHub subscription won't allow private replies. Got an important question for you.
Do I THINK they will make an announcement? NO I don't. I KNOW they will make an announcement. Multiple announcements. Take your pick....their new EcoTouch thermostat, a "smarter" EcoSmart, and a "major new exciting" partnership (which I suspect will be in the IoT space and not necessarily another HVAC partner). Maybe there will be others too. Looks like I need to give you a homework assignment Pal :) Read their tweets the past couple weeks and listen to their last conference call, and then you'll want to buy more at these insanely low sale prices. I am convinced the MM's are manipulating our share price and shorting it, taking advantage of the low trading volume. Look at the small sales of <500 shares, usually EOD like today, trying to close at a lower price. That's been going on for years. It's going to stop working at some point in the near future and I'm hoping for a short squeeze to help us make an explosive move up. I'm trying to buy as much as I can in the .18 range and picked up 10,000 more today to cross the 1.6M share mark.
The bottom line is going to be increasing rapidly and possibly exponentially IMO. Jason has made it clear they consider themselves an IoT company. IoT and and energy efficiency go hand in hand, and the market forecast for both areas is astronomical. And I strongly suspect Telkonet is working on other applications for their technology. We are perfectly positioned. I'd much rather be fully invested in an-under-the-radar company BEFORE they are discovered than AFTER. I'm very anxious to find out what they have up their sleeves next week at HITEC.
Recent IoT headlines indicate promising future for Telkonet!
"The market for the 'Internet of Things' will triple to almost $2 trillion by 2020". Links:
http://www.businessinsider.com/r-internet-of-things-market-to-triple-to-17-trillion-by-2020-idc-2015-6
http://www.iotevolutionworld.com/iot/articles/404552-iot-industry-reach-trillions-value-2020-says-idc.htm
"Forget cables, the Internet of Things could be powered by Wi-Fi". (Telkonet is both an Internet of Things company AND a WiFi company. Hmmm....)
Link: http://betanews.com/2015/06/05/forget-cables-the-internet-of-things-could-be-powered-by-wi-fi/
June 4, 2015: Building IoT to be $76 Billion Market by 2020. (In light of the first headline above, maybe $76B is too conservative?) Link: http://www.achrnews.com/articles/129763-june-4-2015-building-iot-to-be-76-billion-market-by-2020
Samsung is obsessed with the Internet of Things (IoT). So much so, the South Korean tech giant says that by 2020, every Samsung digital device will be a connected one.
Link: http://www.entrepreneur.com/article/246163
The Trane announcement is a huge endorsement of Telkonet. I've never seen a previous announcement made by Trane that endorses Telkonet like this one did, and that indicates they will be actively promoting Telkonet's products and services. If you have any previous Trane-Telkonet PR announcements that comes close to this one, please do share.
I mean really, just read part of the announcement: "....In the past few months, we have been going through an extensive process, aimed at offering additional HVAC and comfort system options for the hotel and hospitality industry — options that can provide smart guest room control and energy savings,” said Steve Brandt, Trane hospitality strategic account manager. “Telkonet’s EcoSmart platform has proven its ability to not only create an in-room energy management network to enhance energy efficiency, but also to streamline remote equipment monitoring and manage maintenance more efficiently to extend equipment life. Now, we are excited to expand EcoSmart’s use with its intelligent thermostats to be included with Trane guest room HVAC products, upgrading existing hotels and installing with new construction. We are confident that this solution will provide Trane with flexibility, scalability and efficiencies to meet current as well future industry needs...."
What is not to love about that statement??!! And don't overlook this announcement was made by Trane, NOT Telkonet.
The tweets coming out of Milwaukee are very promising....this suggests to me they have exciting developments to be shared in the very near future at HITEC. Telkonet has made it obvious this past year that they now consider themselves an "internet of things" company, so I believe we will see them further expand their technology in this market. A recent ACHRnews.com headline states that building IoT will be a 76 BILLION dollar market by 2020, according to Memoori Building Intelligence Ltd. That's HUGE!!! Link: http://www.achrnews.com/articles/129763-june-4-2015-building-iot-to-be-76-billion-market-by-2020
There is no understanding its price action until we pick up more volume and momentum! This is a buy and hold company if you want to make some real money. They did some equity financing in 2010 but nearly all of those warrants have been exercised. Here is a link:
http://money.cnn.com/news/newsfeeds/articles/marketwire/0649228.htm
There may be some series A shares too with higher warrant exercise prices (.30's?) but I could not find them on a quick google search.
Bottom line = no significant dilution!
LOL I will assure you I have had no impact on volume. I've accumulated all my shares over the past 6 years and I'm pretty sure I've never bought more than 30,000 shares on any one day. I can't afford to make big buys .... I'm on a budget haha. And typically within minutes of my buying the share price tumbles, as it did for me this morning. Bought 9500 at .21 and 7 minutes later it was selling at .18. But I'm not stressing because there is no way this is staying at these levels for much longer. This is a multi-bagger.
And yes the buying yesterday was indeed in response to the Trane announcement, which does mean something significant. It's HUGELY significant. It is an extremely positive endorsement of Telkonet's technology and will translate into $$$. The writing is on the wall but many choose not to read it for some reason. I will try to address your other concerns as time allows (I am a business owner and often work killer hours).
Sneek peak of the new Ecotouch thermostat at:
http://joekotlan.com/ecotouch/
Glad to hear it! Big things are coming for this company and its shareholders. The HITEC announcement is apparently going to be even bigger, but how do you beat a partnership with TRANE??!! Investors need to wake up to this gem of a company. Should see some good momentum in the coming weeks and months.
Thanks for the shout out Mike! Do I know you at all from any other boards?
I have listened to every quarterly call and read every announcement for the past 6+ years. The developments in the company for the past two years have been nothing short of remarkable and yet the share price has lagged. Telkonet is long overdue for some respect and today is just the tip of the iceberg. Great things are coming for this company. They are not just a smart thermostat company. Their technology can and will be integrated into a whole host of different applications for building automation, commercial and eventually residential. Very exciting times for its shareholders.
Looks like it's just you and me here LOL. Yes that's the only explanation. Gives me more chances to pick up more shares. Closing in on 1.6M.
Nice 100,000 order at .1925 right now although why anyone in their right mind would sell at these current prices is beyond my understanding. Telkonet's business is about to increase exponentially imo.
This is a big deal. Trane is everywhere! And the "major" announcement is yet to be made at HITEC in 3 weeks!
All Aboard! This TRANE is leaving the station!
Trane: Company Announces Hospitality-Industry Agreement with Telkonet
Davidson, N.C. — May 26, 2015 — Trane, a leading global provider of indoor comfort solutions and services and a brand of Ingersoll Rand, now offers easy control of room temperature by hotel guests through a new agreement with Telkonet, Inc. a manufacturer of hotel guest room thermostats and controls widely accepted or preferred in the brand standards of major hotel brands in North America and South America.
Under the agreement, Trane will now use the Telkonet EcoSmart platform to offer the hotel and hospitality industry additional heating, ventilation and air conditioning (HVAC), and comfort system options that benefit hotel guests.
In new hotels, Telkonet thermostats can be included with Trane guest room HVAC products to provide hotel and hospitality properties with a complete comfort system package. In existing hotels, the energy savings potential of smart, integrated guest room control will help drive retrofit projects by offering an attractive return on investment. In many cases, a Telkonet system retrofit qualifies for utility or government energy rebates.
The platform also provides minimized operating costs for hotels through reduced guest-room-related utility costs and hotel management expenses. Through the company’s software, reductions in operating costs will be realized by integrating the room controls with the hotel property management system.
"In the past few months, we have been going through an extensive process, aimed at offering additional HVAC and comfort system options for the hotel and hospitality industry — options that can provide smart guest room control and energy savings,” said Steve Brandt, Trane hospitality strategic account manager.
“Telkonet’s EcoSmart platform has proven its ability to not only create an in-room energy management network to enhance energy efficiency, but also to streamline remote equipment monitoring and manage maintenance more efficiently to extend equipment life. Now, we are excited to expand EcoSmart’s use with its intelligent thermostats to be included with Trane guest room HVAC products, upgrading existing hotels and installing with new construction. We are confident that this solution will provide Trane with flexibility, scalability, and efficiencies to meet current as well future industry needs.”
Highlights of Q1 Earnings call for Telkonet 5/13/15. Reposted from Yahoo message board - posts by Pac257 and myself...
1) "In the first quarter recurring revenue grew by $70,000 or 7% year-over-year. Recurring revenue now represents 38% of total revenue compared to 35% of total revenue in Q1 last year."
2) "In the second quarter we've been experiencing increasing growth in hospitality projects as demonstrated by the growing number of projects awarded to EcoSmart both directly and through our channel partners. With more than 35 projects currently underway and a 10% increase in hospitality projects awarded year-to-date year-over-year."
3) "Our continuing growth in the education market has brought the total educational customer count to 23 with total revenue of more than $6.5 million since entering this space. This is important since the average revenue for education customer now stands at more than $285,000, significantly higher than the average hospitality customer."
4) "We closed 21 international projects thus far this year more than any other year at this point and we have the largest international project pipeline in the company's history at 115 projects worth more than $9 million."
5) "Looking forward we have numerous new exiting announcements coming up that we are eager to share with you, a few of these new announcements will be taking place at Hi-Tech 2015."
6) "Other significant developments include the deployment of some of the largest international and educational projects that we’ve been part of to-date and new growth in ESCO deployments especially those active in the military and government space."
7) "Lastly we are seeing increasing growth of integration with new devices and platforms within intelligent automation or the enterprise world of the internet of things or IOT. Our ability to connect to third party products and platforms has enabled us to become a part of a larger smart automation landscape."
My post below...
Nice post Pac. I'd like to add a couple things:
1. Most of the growth in the international market has just taken place in the past 12 months.
2. "Looking forward we have numerous new exciting announcements coming up that we are eager to share with you, a few of these new announcements will be taking place at Hi-Tec 2015 which is the largest hospitality show of the year between our new product introduction and a major new exciting relationships we are looking forward to garnering a large amount of interest at this year’s show....
3. "We have a number of different things that are coming to the pipeline right now Ed, the newest thermostat ...called our EcoTouch device has not been released to the public it has been and closed the marketing introduction to a number of our larger customers providing for them what the thermostat going to be and lining up orders for the first release of that product but it’s actual marketing release will be occurring at Hi-Tec year the third week of June. So as I said hasn’t been released to the open public but we’ve been talking about it in close meetings and had an enormous amount of positive feedback on it so we are looking really forward to its release."
4. "You will notice the new item on the proxy to approve an amendment and authorize the Telkonet Board of Directors the ability to proceed with a reverse stock split prior to the next annual shareholder meeting if they chose to do so....it all has tie together for the appropriate timing for the company and as you said really has an event that make sense for us not only to move through reverse stock split but fairly the be up listed at the same time."
SUMMARY - RAPID INTERNATIONAL GROWTH WITH LARGE PROJECTS, UPCOMING ANNOUNCEMENTS INCL "A MAJOR NEW EXCITING RELATIONSHIP", A NEW THERMOSTAT GETTING RAVE REVIEWS AND OTHER PRODUCTS IN THE PIPELINE, AND A POSSIBLE REVERSE SPLIT IN THE FUTURE THAT WILL BE COUPLED WITH MORE GOOD NEWS ABOUT THE COMPANY'S PERFORMANCE AND GROWTH PROSPECTS!
Agreed! Been waiting six years for this.
Thanks. I've seen too many false starts with this stock to get too excited quite yet. But I do believe this is the year....finally. As they say, the cream always rises to the top. A good lesson on patience and due diligence!
You really ought to do yourself a favor and listen to the Telkonet Q1 call yesterday. You might just decide you want to buy some more. I did haha.
Would you care to elaborate on the first part of your post? I watch the L2 trading and price action for Telkonet every single day and have long seen manipulation of the share price, primarily through eod sells of tiny 100-500 blocks of shares in the last few minutes of trading, knocking down the closing price. But I don't really understand why somebody is doing this. It seems a stretch that someone has been doing this for years in order to accumulate more shares on the cheap, and I've never heard talk of the stock being shorted (although online resources show a consistent 3-4M short position in TKO). Could we have a short squeeze someday?
Any ideas who the new exciting relationship will be with when it is announced at HiTec next month? I am sure it will tie in with the new EcoTouch thermostat and platform.
Our price action today right before the close bodes very well for us...I expect a definite up trend leading up to HiTec next month. And they will hopefully have authorization for a reverse split by then, which might tie in with whatever announcements they will be making. Exciting times.
Obviously today's sellers didn't listen to the conference call yesterday. Picked up 30,000 more today. If you listened to the call you'd have to either be an idiot or desperate for cash to sell right now. Big news, including a "major new exciting relationship", and new product release are coming at next month's HITEC conference. I'll try to post highlights of the call this weekend if I have the time and inclination. LISTEN TO THE CALL!!!! The countdown to a breakout continues....
Sentiment: Strong Buy
Telkonet continuing to gain recognition in the energy management industry with Base-4 article on sustainable hotel design at: www.base-4.com/sustainable-hotel-design-2/
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Telkonet in Cuba? According to the website environmental-expert.com, Telkonet is listed as doing business in Cuba. The web link just showed up on the internet in the past 24 hours. I have not confirmed this information with Telkonet, but it is intriguing! Full link: www.environmental-expert.com/companies/location-cuba/industry-served-defense/?keyword=green+carbon
It's the pre-earnings Telkonet run up. I'm thinking Q1 is going to be in line with our other recent quarters, but agree this is the year for TKO. I'm expecting home runs in Q2 and Q3 this year and wouldn't be surprised at all if we are bought. I'm also looking forward to our entry into the residential market any day now with a new sleek thermostat and taking on Nest and Lyric. Everything is finally falling into place! Been waiting a long time for this.
Fair enough and I agree selling wall street on TKO is still very much an uphill battle. But I think it's safe to say this is not the same company it was 10 or even 3 years ago either, and its newfound profitability will speak for itself (something that couldn't be said previously!) We shall see...
I hope so too. Just curious why you are on this message board if you still think it's a pos and are not a current shareholder? Believe me my patience has worn thin at times, but I have conviction that they have a best-of-industry product and service in a hot market (internet of things / energy efficiency) and have strong leadership at the helm. They have improved their business structure with channel marketing and recurring revenues from their EcoCare service, and have finally turned the corner and become profitable. Seems to me the sky's the limit from here on out.
Those numbers are not unreasonable and in fact I am counting on them. That is if Telkonet doesn't get bought by HON or JCI or someone else first at .50 or .75. I've got 7 years and 1.5M shares invested in this company and I watch the price action every single day. It tends to run up fast - look at the 2009 chart - but then dwindle back down as buying interest fades, so this investment has not been for the faint of heart. If I had the funds I'd be buying more right now in this .17 - .18 range because I agree, we are trading at the bottom and these prices are going to look like a steal later this year.
Welcome to Telko-land!!! Telkonet is the Rodney Dangerfield of energy efficiency companies...it gets no respect. As the saying goes, "the market can stay irrational longer than you can stay solvent". Along with many others, I am expecting a breakout, sometime this year, when either the market finally wakes up to this company, or a larger company in the energy efficiency industry, such as JCI, HON, IR, GOOG or even AAPL, buys Telkonet on the cheap. Purchase of TKO would be pocket change for these companies.
NEW INSTITUTIONAL OWNER OF Telkonet - over 11.7M shares owned by Bard Associates of Chicago
13G filed 2/13/15. The first big player to find our little gem!
HTNG welcomes newest Corporate Industry Partner member Telkonet.
Hotel Technology Next Generation is a global not-for-profit trade association that fosters, through collaboration and partnership among hoteliers and technology providers, the development of next-generation solutions that will enable them to do business globally in the 21st century.
HTNG is run by and for the benefit of hotel IT executives, with active support from technology providers and other industry participants. It is governed by a Board of Governors consisting of senior IT executives from nearly 20 leading hotel companies, with nonvoting participation by Executive Advisors from the hotel, consulting, and academic community...
HTNG's Mission Statement
To foster, through collaboration and partnership, the development of next-generation systems and solutions that will enable hoteliers and their technology vendors to do business globally in the 21st century. HTNG is recognized as the leading voice of the global hotel community, articulating the technology requirements of hotel companies of all sizes to the vendor community. HTNG facilitates the development of technology models for hospitality that will foster innovation, improve the guest experience, increase the effectiveness and efficiency of hotels and create a healthy ecosystem of technology suppliers...