Telkonet, Inc. (OTCQB: TKOI) is a leading provider of
intelligent automation solutions throughout commercial markets worldwide. The
company’s business divisions include EcoSmart™, a networked automation platform
featuring the company’s proprietary Recovery Time™ technology, and EthoStream®,
one of the largest hospitality high-speed internet access networks in the
world. Through these divisions, Telkonet serves vertical markets that have
established the company as a leading networking, efficiency and energy
management technology provider – including hospitality, education, military,
government, healthcare and public housing.
EcoSmart offers a full product suite capable of creating an
in-room energy management network that can be configured to meet the needs of
most building environments. Earlier this month, Telkonet built on the solid
reputation of the EcoSmart brand through the release of its new EcoTouch
wireless thermostat. The device’s sleek minimalistic design houses a host of innovative
features designed to improve guest comfort within the hospitality industry and
maximize energy savings for hoteliers and other hospitality professionals.
“Telkonet’s goal is to provide value to our customer in
every way possible,” Jason Tienor, chief executive officer of Telkonet, stated
in a news release. “From an improved guest experience and reduced energy
expense to increased operational efficiency and reduced maintenance costs. We
continue to raise the bar for intelligent automation and fulfill the vision of
a commercial implementation for the internet of things.”
By continuing to innovate in the field of intelligent
automation solutions, Telkonet has positioned itself to grow within the
industry through strategic partnerships. In particular, the company recently
announced an exciting alliance with Samsung Electronics America (SSNLF) for
hardware and software integration as part of the tech giant’s Smart Hospitality
Room project.
“We’re honored to have been selected by Samsung as the
partner for both hardware and software integration as well as project support
and deployment,” continued Tienor. “Integrating EcoSmart’s platform into
Samsung’s Smart Hospitality Room provides guests throughout North America a
true intelligent, interactive environment with control of all in-room
technology available from the TV remote.”
In the first quarter of 2015, Telkonet set the stage for
continued growth moving forward. The company reported gross profit improvement
of over 20 percent, and gross margin percentage increased to 48 percent despite
flat year-over-year revenue. As Telkonet enters its busiest season, look for
these results to set the stage for continued topline growth while driving
profitability for the remainder of 2015.
“As we continue to expand both our channel relationships and
internal sales team, we’ve seen increased activity in all target markets and a
strong pipeline for our EcoSmart intelligent automation platform,” concluded
Tienor. “We look forward to taking advantage of the demand for energy
efficiency and increasing awareness of the internet of things while expanding
our target markets both domestically and internationally.”
For prospective investors, Telkonet’s dedication to
innovation and industry growth makes the company an intriguing opportunity
moving forward.
For more information, visit www.telkonet.com
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