Park Hyatt Chicago Latest Luxury Property to Adopt Telkonet's EcoSmart Energy Management Technology
Award-Winning Magnificent Mile Hotel Raises Sustainability Standards for Luxury Hotels
MILWAUKEE, Dec. 18, 2012 /PRNewswire/ -- Telkonet, Inc. (OTC BB: TKOI), developer of the EcoSmart energy management platform featuring Recovery Time™ technology, is pleased to announce continuing demand for its EcoSmart technology with a completed installation at Park Hyatt Chicago, a luxury hotel located at 800 North Michigan Avenue.
Park Hyatt Chicago installed Telkonet's revolutionary and intelligent EcoInsight energy management thermostats in all 198 guestrooms, including 13 suites. Located in Chicago's Gold Coast Historic District, Park Hyatt Chicago joins several of Telkonet's neighboring hospitality clients, including a 1,200-room luxury hotel property.
The EcoInsight, integrated with the Company's Recovery Time™ technology, is a programmable, controllable thermostat with over 125 configurable settings used to control the efficiency of a property's heating, ventilating and air conditioning systems ("HVAC"). Every room is constantly and independently evaluated to determine its energy efficient temperature based on internal and external environmental characteristics. Recovery Time™ technology delivers room-by-room, occupant-by-occupant savings while maximizing guest comfort.
Park Hyatt Chicago Director of Engineering Fernando Saavedra selected EcoSmart energy management for the hotel due to the capability of Recovery Time.
"We have an international reputation to maintain," said Saavedra. "Park Hyatt Chicago has set very high standards for the guest experience, and we absolutely cannot compromise room comfort. With EcoSmart's Recovery Time technology, our guestrooms always maintain an acceptable temperature."
"We want to resolve maintenance issues before a guest is affected," Saavedra added. "Telkonet's EcoCentral management platform communicates seamlessly with our workflow management software, HotSOS, allowing the maintenance team to carry out repair tasks before a problem HVAC unit disturbs a guest. Prior to installing EcoSmart, we didn't have that capability."
"To have a hotel of this caliber install EcoSmart proves that guest comfort and energy efficiency do not need to be mutually exclusive. Increasingly, EcoSmart is becoming the technology of choice for luxury hotels that value the guest experience but also wish to demonstrate a commitment to sustainability," said Jason Tienor, CEO of Telkonet.
ABOUT PARK HYATT CHICAGO
Epitomizing modern luxury, Park Hyatt Chicago is a seamless blend of warmth and innovation in a sophisticated urban atmosphere. With a premier presence on North Michigan Ave, Park Hyatt Chicago boasts spectacular cityscape and Lake Michigan views. A collection of original contemporary art is displayed throughout, expressing the vitality and personality of city. For more information, or reservations, please call (312) 335-1234 or visit www.parkchicago.hyatt.com.
Telkonet, a leading United States-based energy management technology provider, offers hardware, software and services to commercial customers worldwide. The EcoSmart suite of products, along with the EcoCentral management platform, can reduce energy consumption, HVAC runtime and utility costs in most building environments. Telkonet's energy management products have the power to reduce energy consumption, minimize carbon footprints and help eliminate the need for the construction of new power plants. For more information, visit www.telkonet.com.
For news updates as they happen, follow @Telkonet on Twitter.
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 Investor Relations
SOURCE Telkonet, Inc.
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