MILWAUKEE, Sept. 23, 2014 /PRNewswire/ -- Telkonet, Inc. (OTCQB: TKOI), developer of the revolutionary energy management platform named EcoSmart incorporating its patented Recovery Time™ technology, announced its selection as a finalist in this year's Fierce Innovation Awards: Energy Edition, a utility-reviewed awards program from the publishers of FierceEnergy and FierceSmartGrid. Telkonet, Inc. was recognized as a finalist in the category of Energy Efficiency.
The selection of Telkonet as a finalist is based on its innovative, industry-leading product, EcoSmart Intelligent Energy Management System. All applications were evaluated based on the following criteria: technology innovation, financial impact, market validation, compatibility with existing networks, end-user customer experience, and overall level of innovation.
Finalists' applications were reviewed by an exclusive panel of executives from major North American utilities, including CenterPoint Energy, Commonwealth Edison, Duke Energy, Florida Power & Light, National Grid, Pacific Gas & Electric Company, Portland General Electric, and San Diego Gas & Electric. Full profiles of the judges can be found at https://www.fierceinnovationawards.com/energy/2014/judges.
"We're very pleased that our innovative EcoSmart energy efficiency technologies continue to be acknowledged by major industry constituents," said Jason Tienor, Telkonet's CEO. "Products that support our EcoSmart Intelligent Energy Management platform are increasingly being installed throughout hotels, student living facilities, military housing, senior living facilities, retail locations and public housing. From our target market's increasing acceptance to the recognition of influential industry participants, we're proving that EcoSmart is the best-in-class in-room energy management platform which is positioned for continued accelerating growth."
Excerpts from Telkonet's Entry in Fierce Innovation Awards Competition: EcoSmart Intelligent Energy Management System
The EcoSmart Intelligent Energy Management Solution (EMS) typically delivers substantial costs savings to clients while reducing their energy consumption and improving occupant comfort. As the cost of energy continues to increase, energy efficiency projects can provide a significant reduction in energy expenses. Typical hospitality projects pay for themselves in as little as 18 months.
The EcoSmart EMS offers a product suite capable of creating a network of in-room energy management devices that can be configured to meet the requirements of most buildings. The EcoSmart platform includes intelligent devices designed to manage energy such as thermostats, occupancy sensors, door contacts, lighting and plug load monitoring and control devices. All products are seamlessly networked via wireless or wired means to provide remote monitoring capability, deliver occupant comfort, and result in maximum savings.
All EcoSmart thermostats have Telkonet's proprietary Recovery Time™ technology, which continuously calculates how far the temperature of each room can drift from the occupant's set-point, to maximize energy savings and still return within the preset recovery time.
The EcoSmart platform can serve as a standalone EMS, but, it can also be integrated and networked with other in-room technologies such as entry door-locks, lighting, drapes and safes, minibars, appliances and other technology providers that use the open standards based ZigBee wireless communication protocol. Telkonet has assembled a best-in-class solution consisting of reputable technology providers, which affords the customer the benefit of reduced infrastructure integration costs because all systems operate using the same ZigBee secure network.
The Seaport Hotel located in Boston, MA selected Telkonet's EcoSmart platform to be installed in 422 guest rooms. The Seaport is a full-service, luxury hotel located on the waterfront in the bustling Seaport District – offering high-end accommodations and spectacular harbor views. The hotel was noted by ForbesTraveler.com as one of America's Greenest Hotels.
The EcoSmart system will provide aggressive energy savings by turning off lights and power outlets while guests are away and set back HVAC equipment to save energy, then resume guest-specified comfort levels within minutes of their return to the room.
To optimize potential savings, the EcoSmart platform is integrated with the hotel's property management system to allow more aggressive energy savings for un-sold rooms. The result has reduced the hotel's carbon footprint and in no-way sacrificed the luxurious image the hotel promotes. The EcoSmart system is part of the hotel's overall environmental programs dedicated to increasing sustainability and conservation throughout all aspects of the property.
The cloud-based EcoCentral Virtual Engineer™ Command Center controls a wireless mesh communication network that manages data between rooms and floors to individually learn each room's HVAC needs and optimize energy efficiency. Remote 24/7 monitoring will provide alerts and predictive reports to reduce troubleshooting and increase facility staff response time and efficiency. A myriad of equipment performance data is analyzed in real time to continuously calculate actual energy savings and provide reports and alerts to optimize system performance.
The EcoSmart system is projected to reduce HVAC energy consumption by up to 40%, yielding payback in as little as 18 months. It has shown to be incredibly flexible and scalable, providing centralized control and effective energy management. Because hotel rooms are so commonly vacant, typical room occupancy patterns show that rooms are most commonly unoccupied when power demand is at its highest, from mid-morning to early evening.
Telkonet provided an occupancy report for a typical hotel room. Over the course of 8½ months, the room was vacant 70% of the time between 10 AM and 8 PM. The EcoSmart system can be configured so that with a few mouse clicks for unsold rooms the controlled loads (HVAC, lighting and plug-loads) can all be turned OFF, whereas for Sold (but unoccupied) rooms the temperatures can be adjusted for immediate energy savings. When coupled with a building automation system that might control large energy consuming loads like central utility plants, the data can be used to reduce load on chillers, pumps, fans and other large loads, thus reducing significant amounts of kW demand.
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Telkonet is a leading energy management technology provider offering hardware, software and services to Commercial customers throughout the world. The Company's complementary business divisions include EcoSmart™, an energy management technology platform featuring Recovery Time™ technology, and EthoStream®, one of the largest hospitality High-Speed Internet Access networks in the world.
ABOUT ECONCENTRAL AND ECOSMART
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.
EthoStream is one of the largest public High-Speed Internet Access (HSIA) networks in the world providing services to more than 8 million users monthly across a network of greater than 2,400 locations. EthoStream's EGS line of public-access gateway servers provide 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.
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).
SOURCE Telkonet, Inc.