Telkonet Receives the 2004 Cornerstone Award for Technology Innovation
September 15, 2004 12:32:00 (ET)
GERMANTOWN, Md., Sep 15, 2004 (BUSINESS WIRE) -- Telkonet, Inc. (TKO, Trade), the leader in commercial powerline communications (PLC), today announced it has been awarded the Cornerstone Award for Technology Innovation by Broadband Properties magazine. Each year, a committee of industry leaders, analysts, and writers vote to bestow these Cornerstone Awards to companies or individuals whose accomplishments of the previous 12 months they felt are deserving of special recognition. Broadband Properties magazine is the leading publication for professionals involved with technologies for multifamily residential (MDUs) and commercial properties (MTU).
In presenting the award, Greg Heifner, CEO of Orbital Data Networks, Inc., said, "I am proud to present this award to Telkonet. Their technology will allow our industry to provide broadband services to properties in a faster and much more efficient manner."
Joel Schofield, Editor in Chief of Broadband Properties magazine, added, "We are very happy to be able to present the Cornerstone Award for Technology Innovation to Telkonet. Their broadband over powerline technology has proven to be a tremendous solution for providers and property owners facing the challenge of updating a property's infrastructure to support dynamic new products and services."
Telkonet's PlugPlus(TM) delivers broadband Internet access to commercial buildings, such as apartments and condominiums, simply and cost-efficiently. The system is based on powerline communications (PLC) technology to transmit data over existing electrical wiring within a building. Installation can be completed within days, without rewiring. Residents benefit from the security of a wired system with the flexibility of a wireless system, as they can access the Internet from any ordinary outlet.
"This is a great honor for Telkonet to receive the Cornerstone Award," said Ron Pickett, President of Telkonet. "Our innovative PLC system is designed to help Internet Service Providers (ISPs) and property owners simply, affordably and quickly deliver high-speed Internet access to their residents, resulting in increased occupancy, retention, and resident satisfaction."
Originally established in 1989 as the Diamond Tier Awards and presented as recognition of achievement to companies providing cable services to the MDU industry (apartments and hotels), The Cornerstone Awards were expanded by National Satellite Publishing in 2000 to include and recognize achievements in broadband and telecommunications for residential multifamily (apartments, campus housing, active adult communities) and planned communities (multi-home developments, renewed urban areas).
About Telkonet
A cost-effective alternative to hardwired or wireless local area networks (LANs), the Telkonet PlugPlus(TM) family of networking and internetworking products provides Internet connectivity over existing electrical wiring with no costly installation of additional wiring or disruption of business activity. Telkonet's PlugPlus system is designed for commercial and residential applications, including multi-unit dwellings, hotels and motels, and government. For more information, visit 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 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.
Telkonet, Inc.
by
Investors Stock Daily, Inc.
Jody Janson, 585-232-5440
jody@istockdaily.com
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