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SOURCE Telkonet, Inc.
MILWAUKEE, Aug. 4, 2014 /PRNewswire/ -- Telkonet, Inc., (OTCQB: TKOI), Telkonet, Inc., a leading developer of the EcoSmart Energy Management Platform featuring EcoCentral Virtual EngineerTM, is pleased to announce the Company's EcoSmart Energy Management System has been installed in Culver-Stockton College's Johnson Hall.
In the United States, colleges and universities' energy consumption for lighting and heating is roughly 53% of their operating costs. Therefore, reducing energy cost would provide higher education institutions an increased revenue stream to allocated funds to other educational, operating expenses. The EcoSmart energy management system reduces energy consumption and equipment runtime by 20-40% - a tremendous cost savings.
Culver-Stockton College, a private institution located in Canton, MO, contracted with Energy Solutions Professionals, LLC (ESP) in November, 2013 to design and install $3.9 million of energy-solution improvements in various buildings on their campus that will allow the College to save $368,000 annually in utility costs. The improvements included a new energy management system and controls – including Telkonet's EcoSmart technology. Telkonet installed the EcoSmart suite of products in Johnson Hall, which will greatly reduce energy consumption and cost; while maintaining the students' comfort.
"We are extremely pleased that the EcoSmart Energy Management System was included in Culver-Stockton's energy savings initiative and we are confident that they will see a huge cost savings in energy usage; which will positively impact their bottom line," stated Chad Burow, Director of Sales and Marketing at Telkonet.
The installation of the EcoSmart technology, included the EcoCentral Virtual EngineerTM, a cloud-based monitoring system that allows Telkonet's customer service team and property managers the ability to monitor cost savings room-by-room; the EcoWave package, a revolutionary wireless thermostat and control system; and the EcoView, in-room occupancy sensor to detect when the room is unoccupied.
Telkonet is leading energy management technology provider offering hardware, software and services to Commercial customers throughout the world. 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. www.telkonet.com
Its EthoStream division is one of the world's largest High-Speed Internet Access (HSIA) network providers. For more information, visit www.ethostream.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).
Telkonet Investor Relations
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