Crowne Plaza Times Square Manhattan Selects Telkonet's Revolutionary EcoSmart Platform

MILWAUKEE, Wis., Nov. 8, 2011 /PRNewswire/ -- Telkonet, Inc. (OTC BB: TKOI), developer of the EcoSmart energy management platform incorporating patented Recovery Time™ technology, announced today that New York City's prestigious Crowne Plaza Times Square Manhattan has become the latest hospitality leader to select Telkonet's cloud-based EcoSmart energy management platform. This 770 room, full service hotel located on Broadway in Times Square is one of New York's leading and most successful hotels.

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The Crowne Plaza Times Square selected PAC Consultants to deploy Telkonet's EcoSmart System throughout the property to optimize guest comfort while reducing energy consumption and operating costs.

Mr. Stephen D. Pletcher, Asset Manager for the hotel owner, City Investment Group, LLC, said, "We installed a number of test rooms and Telkonet performed exceptionally well throughout the process. We received very positive feedback about the Telkonet technology from the guests who stayed in the test rooms and we're anxious to get the system installed before the holiday season. We look forward to harvesting the expected cost reductions and delighting our guests with comfortable and efficient rooms."

The energy management system is expected to reduce overall electricity and steam consumption by approximately 25% in unoccupied rooms.  The reduction of equipment run-times will also extend the useful life of the mechanical systems and cut associated maintenance costs.

Telkonet will provide a fully-networked EcoSmart energy management system, replacing the hotel's existing thermostats with ZigBee-enabled EcoInsight thermostats to develop a facility-wide wireless network capable of remotely monitoring and controlling the HVAC system in each guest room.  Employing Telkonet's dynamic Recovery Time™ technology will ensure guest comfort and maximize energy savings, particularly in unoccupied guest rooms.  The entire network will be protected by Telkonet's EcoCare service to ensure optimal operation and provide proactive maintenance services.

Telkonet, as a Con Edison Market Partner, worked with PAC Consultants to take advantage of all energy efficiency incentives available through the Con Edison C&I Energy Efficiency Program, with the objective of optimizing the financial viability of the project.

Pletcher, Asset Manager for the Crowne Plaza ownership group, said, "The decision to select Telkonet for our energy management system was very deliberate and included exhaustive reference checks.  Our Times Square Crowne Plaza hosts guests from all over the world. We wanted the functionality of the system we selected to be similar to what many of our guests are likely to have in their own homes -- legible displays, easy to understand controls, simple and clean functionality -- all in addition to the substantial financial returns we expect from the Telkonet system.  The ability of the system to monitor itself, assist our hotel manager in responding to guest comfort issues from a remote location without the necessity of visiting the rooms, and being able to see the savings we are accruing on a room-by-room basis are all substantial reasons for our selection of Telkonet."

Jason Tienor, CEO, Telkonet, said, "The Telkonet EcoSmart platform provides extensive benefits.  Where before most hospitality property managers had no ability to monitor, control and commission the building controls and mechanical systems on an ongoing basis, with EcoSmart, it's now easy to demonstrate savings, validated by powerful data and measurement and verification reports.  Our clients have been positive about the properties in which they've installed EcoSmart and we're consistently pleased with savings that exceed our original projections."

Pat Communale from PAC Consultants said, "We have been in the energy efficiency business since 1995.   Over the years, technology has continued to evolve and realize capabilities never imagined by most of us.   The Telkonet EcoSmart system is one of those technologies.   As we become more familiar with the system's functions, we are just amazed.   Telkonet's ability to reduce the Crowne Plaza's energy usage and cost through passive controls, as well as remote real time management via the Web, is incredible.   Management will have full control of the hotel's energy usage and now can easily shed power during a demand response request from the local utility.  I can't say enough about Telkonet as a company and its team."

The Crowne Plaza Times Square, a luxurious oasis in the middle of Manhattan's most vibrant and iconic neighborhood, is known for its elegance, high-caliber service and chic style.  The property is just steps from more than 50 Broadway plays with luxurious, well-appointed guestrooms characterized by stunning views.

ABOUT PAC CONSULTANTS

PAC Consultants is a private business consulting and energy management technology provider in the greater New York City area.

ABOUT TELKONET

Telkonet is a leading energy management technology provider offering hardware, software and services to Commercial customers worldwide.  The EcoCentral Platform, in conjunction with the EcoSmart Suite of products, provides comprehensive savings, management and reporting of a building's energy consumption. Telkonet's energy management products are installed in properties within the Hospitality, Military, Educational, Healthcare and Residential markets reducing energy consumption, carbon footprints and eliminating the need for new energy generation. For more information, visit www.telkonet.com.

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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).

MEDIA CONTACTS:
Telkonet Investor Relations
414.721.7988
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SOURCE Telkonet, Inc.