big contract
Telkonet's High-Speed Internet Access Platform Selected by WorldMark by Wyndham for All Timeshare Properties in the US and Canada
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5 February 2007, 11:47am ET
GERMANTOWN, Md., Feb 05, 2007 (BUSINESS WIRE) --
Telkonet, Inc. (Amex:TKO), the leader in providing in-building broadband access over existing electrical wiring, today announced that it has received a contract to provide high-speed Internet access to all self-managed WorldMark by Wyndham timeshare properties, a total of 50 additional properties, totaling over 4,000 rooms. WorldMark by Wyndham is a subsidiary of Wyndham Vacation Ownership, the world's largest vacation ownership company. The full-scale deployment decision was made after a successful trial of the Telkonet iWire System(TM) at six WorldMark properties last year. Telkonet's system proved to be a reliable, hands-off solution, meeting WorldMark's key performance criteria. Telkonet's system can also support future applications that WorldMark may require, such as voice over Internet protocol (VoIP), energy management and video on demand (VoD).
Six WorldMark properties are currently using the Telkonet iWire System to deliver high-speed Internet access, with convenient wired Internet access at any electrical outlet in the rooms, and wireless access at the pool and lobby areas. In addition to supporting broadband Internet access, Telkonet's powerful platform is supporting billing capabilities. The user web-interface provided by Telkonet enables a number of services developed by Goodwell Technologies to maximize the owner experience while traveling.
Over the course of the trial period, WorldMark's management was impressed by the take rate generated by providing high-speed Internet access to its owners, especially since the service offering was not yet proactively marketed to its owners. They were also pleased that users found Telkonet's system to be simple and straightforward to get on-line, without needing any technical support from timeshare management.
Steve Townsend, WorldMark's Director of Resort Services, commented, "We are extremely happy with our choice of Telkonet for the whole system. Our tests-to-date have shown the system to be the most trouble-free, dependable system that I have worked with. We have enjoyed working with the Telkonet team and we are looking forward to the roll-out."
About Wyndham Vacation Ownership
Wyndham Vacation Ownership is the world's largest vacation ownership business, as measured by the number of vacation ownership resorts, vacation ownership units and vacation ownership interests. Wyndham Vacation Ownership includes marketing and sales of vacation ownership interests, consumer financing in conjunction with the purchase of vacation ownership interests, property management services to property owners' associations, and development and acquisition of vacation ownership resorts.
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Through its three primary consumer brands, Wyndham Vacation Resorts, WorldMark by Wyndham and Trendwest South Pacific, Wyndham Vacation Ownership has developed or acquired over 140 vacation ownership resorts throughout North America and the South Pacific that represent more than 18,000 individual ownership units and more than 750,000 owners of vacation ownership and other real estate interests. Wyndham Vacation Ownership is headquartered in Orlando, Florida, and is supported by more than 14,000 employees globally. For more information about Wyndham Worldwide, please visit the company's Web site at www.wyndhamworldwide.com.
About Goodwell Technologies
Goodwell Technologies is a leading developer and operator of next-generation, Internet-based customer service and revenue enhancement networks for WorldMark by Wyndham and other leading companies in the global travel, real estate, financial services and healthcare markets. Goodwell's patent-pending TrueVisit(TM) System extends the core brand of its customers by integrating the products and services of affiliated partners - making it easy to earn new revenues with minimal cost.
