MILWAUKEE, Dec. 30, 2013 /PRNewswire/ -- Telkonet, Inc. (OTC BB: TKOI), whose complementary business divisions include EcoSmart™, an energy management technology platform featuring Recovery Time™ technology and EthoStream®, one of the largest high-speed Internet access ("HSIA") providers in the world, today announced their partnership with International Investments SA in Central America.
A recent study funded by the United States Agency for International Development (USAID) reported that developing countries have the motivation to minimize energy consumption due to the high costs of energy infrastructure and fossil fuels, which are often imported. This applies strongly to the countries of the Central American Region, which have small but growing economies with rapidly expanding energy demand and very little fossil fuel resources of their own. In order to prosper and avoid negative environmental impacts, these countries should make all practical efforts to optimize their energy consumption.
International Investments SA, through their trade name Eco-Energetic, is a company that specializes in the deployment of energy efficient technologies throughout the countries in Central America. Telkonet CEO, Jason Tienor stated, "Eco-Energetic is a leader in the Central Region that offers innovative energy saving products and services to drive positive change in an era of environmental consciousness. Their vision matches our philosophy of delivering energy efficient technology products and systems to promote sustainability."
Jorge Garcia, CEO for International Investments SA, said, "Eco-Energetic specializes in delivering sustainable technologies to Central America and we are excited about our partnership with Telkonet Inc. Their EcoSmart Intelligent Energy Management System is the ideal solution for our market that offers real world energy savings to help our clients significantly reduce their utility expenses."
The EcoSmart Intelligent Energy Management System offers a wealth of powerful features to maximize energy savings, operational efficiency, and guest satisfaction. Intelligent thermostats, occupancy sensors, door and window contacts, outlets and light switches form a wireless mesh network to communicate information between rooms, floors, and buildings. The cloud-based EcoCentral Virtual Engineer™ Command Center allows users to monitor, control and optimize energy savings while maintaining guest comfort. EcoSmart, in combination with Telkonet's EcoCare™ real-time support services, provides the most effective energy management package available to the hospitality market today.
Telkonet, a leading United States-based energy management technology provider, offers hardware, software and services to commercial customers worldwide. The EcoSmart suite of products, which includes EcoInsight and EcoWave intelligent thermostats, the EcoGuard energy management outlet and the EcoSwitch energy-efficient light switch can be deployed in most building environments to cut utility costs and enable remote monitoring and control using the EcoCentral management platform. 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.
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EthoStream is one of the largest public High-Speed Internet Access (HSIA) providers in the world, providing services to more than 5.0 million users monthly across a network of greater than 2,350 locations. EthoStream's EGS line of public-access gateway servers provides real-time monitoring and management of guest-access networks while its 24/7 support center is known for the highest levels of quality and service. With a wide range of product and service offerings and one of the most comprehensive management platforms available for HSIA networks, EthoStream offers solutions for any public access location. For more information, please visit www.ethostream.com.
FORWARD LOOKING STATEMENTS
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 Annual Report on Form 10-K for the year ended December 31, 2012 filed with the Securities and Exchange Commission.
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SOURCE Telkonet, Inc.