05.02.2007 16:47:00
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Telkonet's High-Speed Internet Access Platform Selected by WorldMark by Wyndham for All Timeshare Properties in the US and Canada
Telkonet, Inc. (Amex:TKO), the leader in providing in-building
broadband access over existing electrical wiring, today announced
that it has received a contract to provide high-speed Internet access to
all self-managed WorldMark by Wyndham timeshare properties, a total of
50 additional properties, totaling over 4,000 rooms. WorldMark by
Wyndham is a subsidiary of Wyndham Vacation Ownership, the world’s
largest vacation ownership company. The full-scale deployment decision
was made after a successful trial of the Telkonet iWire System™
at six WorldMark properties last year. Telkonet’s
system proved to be a reliable, hands-off solution, meeting WorldMark’s
key performance criteria. Telkonet’s system
can also support future applications that WorldMark may require, such as
voice over Internet protocol (VoIP), energy management and video on
demand (VoD).
Six WorldMark properties are currently using the Telkonet iWire System
to deliver high-speed Internet access, with convenient wired Internet
access at any electrical outlet in the rooms, and wireless access at the
pool and lobby areas. In addition to supporting broadband Internet
access, Telkonet’s powerful platform is
supporting billing capabilities. The user web-interface provided by
Telkonet enables a number of services developed by Goodwell Technologies
to maximize the owner experience while traveling.
Over the course of the trial period, WorldMark’s
management was impressed by the take rate generated by providing
high-speed Internet access to its owners, especially since the service
offering was not yet proactively marketed to its owners. They were also
pleased that users found Telkonet’s system to
be simple and straightforward to get on-line, without needing any
technical support from timeshare management.
Steve Townsend, WorldMark’s Director of
Resort Services, commented, "We are extremely
happy with our choice of Telkonet for the whole system. Our
tests-to-date have shown the system to be the most trouble-free,
dependable system that I have worked with. We have enjoyed working with
the Telkonet team and we are looking forward to the roll-out.” About Wyndham Vacation Ownership
Wyndham Vacation Ownership is the world's largest vacation ownership
business, as measured by the number of vacation ownership resorts,
vacation ownership units and vacation ownership interests. Wyndham
Vacation Ownership includes marketing and sales of vacation ownership
interests, consumer financing in conjunction with the purchase of
vacation ownership interests, property management services to property
owners' associations, and development and acquisition of vacation
ownership resorts.
Through its three primary consumer brands, Wyndham Vacation Resorts,
WorldMark by Wyndham and Trendwest South Pacific, Wyndham Vacation
Ownership has developed or acquired over 140 vacation ownership resorts
throughout North America and the South Pacific that represent more than
18,000 individual ownership units and more than 750,000 owners of
vacation ownership and other real estate interests. Wyndham Vacation
Ownership is headquartered in Orlando, Florida, and is supported by more
than 14,000 employees globally. For more information about Wyndham
Worldwide, please visit the company's Web site at www.wyndhamworldwide.com.
About Goodwell Technologies
Goodwell Technologies is a leading developer and operator of
next-generation, Internet-based customer service and revenue enhancement
networks for WorldMark by Wyndham and other leading companies in the
global travel, real estate, financial services and healthcare markets.
Goodwell’s patent-pending TrueVisit™
System extends the core brand of its customers by integrating the
products and services of affiliated partners –
making it easy to earn new revenues with minimal cost.
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
buildings 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).
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