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Telkonet Appoints Seth Blumenfeld Senior Advisor for International Development29 July 2005
Telkonet, Inc., the leader in providing in-building broadband access over existing electrical wiring, has appointed Seth Blumenfeld as Senior Advisor for International Development.
Mr. Blumenfeld brings to Telkonet nearly forty years of telecommunications experience and is one of the industry's leading experts in international negotiations. For the past 25 years, he served as President of MCI International, responsible for the company's international activities including its relationships with over 200 international telecommunication companies.
Ron Pickett, CEO of Telkonet, said "I share the collective enthusiasm of our directors and senior management team in welcoming Seth Blumenfeld into our organization to assist us by providing his guidance in development of our international operations, which are critical to our Company's long-term success."
Seth Blumenfeld stated, "I believe that Telkonet's products are very timely and perfectly suited for rapid international market adoption. I am very excited about being affiliated with Telkonet at this time and look forward to working with the Company's professional management team."
About Telkonet
Telkonet develops and markets technology for the transmission of high-speed voice, video and data communications over the existing electrical wiring within a building. The revolutionary Telkonet iWire System utilizes proven powerline communications (PLC) technology, which enables the delivery of commercial high-speed broadband access from an IP "platform" that is easy to deploy, reliable and cost-effective by leveraging a building's existing electrical infrastructure. The building's existing electrical wiring becomes the backbone of the local area network, which converts virtually every electrical outlet into a high-speed data port, without the costly installation of additional wiring or major disruption of business activity.
The Telkonet iWire System can be installed rapidly and offers a viable and cost-effective alternative to the challenges of hardwiring and wireless local area networks (LANs). Telkonet's products are designed for use in commercial and residential applications, including multi-dwelling units and the hospitality and government markets. Applications supported by the Telkonet "platform" include but are not limited to: VoIP telephones, Internet connectivity, local area networking, video conferencing, closed circuit security surveillance and a host of other information services. For more information, please visit www.telkonet.com.
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).
Source: BUSINESS WIRE
All trademarks and copyrighted information contained herein are the property of their respective owners.
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