Telkonet installs iWire System(TM) at Electric Substations using existing electrical wiring for monitoring and automation !!!

Telkonet Installs the Telkonet iWire System(TM) at Electric Substations for Four Major Public Utilities
Monday December 18, 12:55 pm ET
Telkonet Energy Services in Active Negotiations with 10 Other Utilities in 10 States

GERMANTOWN, Md.--(BUSINESS WIRE)--Telkonet, Inc. (AMEX:TKO - News), the leader in providing powerline carrier (PLC) networking solutions using existing electrical wiring, today announced that it has installed the Telkonet iWire System at substations owned by four major US public utilities.

Telkonet Energy Services (TES), launched in July, deployed the Telkonet iWire System to monitor the performance and activities of the substations. The system uses the existing electrical wiring inside the substation to deliver the monitoring data. The data can be transmitted remotely to any location via a high-speed Internet connection. Monitoring the data enables the substations to maintain the stability of the electric grid and efficiently manage the energy supply. TES is in active negotiations with 10 additional utilities across 10 states.

Ron Pickett, President and CEO of Telkonet said, "Our initial experience working with public utilities has created a sales cycle measured in just months. We are extremely pleased that TES has sold and installed products so quickly after announcing our utility solution. An average size substation requires 10 monitoring devices, representing a manufacturers suggested retail price (MSRP) of approximately $5,000 of Telkonet equipment. We have great expectations for the utility sector, as there are an estimated 70,000 substations in North America."

Ron Pickett added, "TES is also negotiating a contract with a master channel partner that will accelerate sales and deployment of the Telkonet iWire System to the nation's utilities."

The substation monitoring and automation market offers TES a large market with substantial potential. Newton-Evans Research Company estimates the current annual global spending for substation automation and integration programs at about $550-600 million, with an overall potential market size of nearly $40 billion. The Newton-Evans year-end 2005 study has found that 76% of the North American utility respondents indicated having a substation automation and integration strategy in place.

Source: Yahoo Finance