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Delivers High-Speed Internet Access to Luxury High-Rise Apartment |
Annapolis, Md. - October 9, 2003 � Telkonet,
Inc. (OTCBB: TLKO.OB), the leader in delivering high-speed Internet access
over electrical wiring, today announced it has received its first purchase
order from Noment Networks, a communication services provider to the residential
Multiple Dwelling Unit (MDU) market. With its PlugPlusInternet � system,
Telkonet will be providing high-speed Internet connectivity over the standard
electrical wiring already installed in a new apartment complex nearing
completion, by the Bozzuto Group the Whitney at Bethesda Theater, in Bethesda,
Maryland.
Eric Fichtner, President of Noment Networks, stated, �Noment Networks focuses its efforts on delivering quality services to the multi-dwelling unit market with a special emphasis on customizing solutions to the specific needs and wants of our clientele. This type of solution for property owners and their residents has definitely attracted attention. By being able to route Internet service over the electrical wiring with Telkonet�s PlugPlusInternet system, we are providing a new way to deliver high-speed Internet access. Our trials with Telkonet to-date have been promising, and our client, the Bozzuto Group, is very interested in offering this new type of delivery for their flagship new property. Certainly, since there is minimal rewiring and a relatively simple installation by using electrical wiring already in place at this property, the Telkonet product has the potential to allow Noment increased flexibility in offering its suite of services to the resident.� Ronald W. Pickett, President of Telkonet, said, �We are pleased to be working with Noment Networks to install our PlugPlusInternet system in this luxury, urban high-rise apartment. Residents want to be able to work from their homes, just like they work in their offices, quickly accessing e-mails, downloading files and surfing the Internet. With our system, they have maximum flexibility and convenience, being able to e-mail and surf the Internet from anywhere there�s an electrical outlet.� About Noment Networks
About Telkonet
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).
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Telkonet, Inc.
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