Monday, June 25, 2012

Telkonet (OTCBB: TKOI) Partners with OTO Development

Telkonet (OTCBB: TKOI) Partners with OTO DevelopmentPalm Beach, FL 6/25/12 (StreetBeat) -- Telkonet, Inc. (OTCBB: TKOI), developer of the revolutionary EcoSmart energy management platform incorporating patented Recovery Time™ technology, announced today that the new development project, Hyatt Place Los Angeles Int Airport/El Segundo of El Segundo, CA, will be installed with a fully networked EcoSmart energy management solution.

In partnership with Spartanburg, South Carolina-based hospitality management firm and developer OTO Development, the 143-room Hyatt Place opening in Q4 2012, will feature EcoInsight intelligent thermostats to reduce HVAC equipment runtime, conserving energy use when guestrooms are unoccupied. EcoSmart traditionally provides energy savings of 20% to 40% and will enable even greater energy savings when integrated with the hotel's Property Management System/PMS.

George Rutledge, VP, Purchasing & Technology at OTO Development, was quick to recognize the value of a networked energy management solution. "We considered a stand-alone energy management system," Rutledge said. "But the benefits associated with a networked solution compelled us to reconsider. We realized that centralized management of the energy management system allows staff to be more efficient in managing and operating the property. The Hyatt Place El Segundo will be able to track HVAC efficiency, monitor energy savings, and make changes to thermostat settings from any web-connected device."

Rutledge added, "As a networked solution, EcoSmart has the ability to proactively self-monitor. If an in-room HVAC unit begins to run excessively, the web-interface EcoCentral, can alert appropriate personnel to address the issue before guest comfort is impacted."

"Telkonet is excited about the opportunity to collaborate with OTO as they have a proven track record in developing properties that are highly successful and operationally efficient," says Gerrit Reinders, Telkonet's Executive VP of Global Sales and Marketing. "We believe our networked EcoSmart solution will bring a new level of real-time energy management capabilities to OTO so HVAC issues can be addressed in a precise manner and guest comfort assured." Reinders further stated, "Our goal is to give clients an easily managed, web-based energy management platform that provides transparent energy savings with the ability to market to and engage eco-friendly guests, inviting further energy savings at the property level."

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