VANCOUVER, British Columbia, Canada, March 13, 2003 (PRIMEZONE) -- Howlett Research Corp. (www.howlett-research.com), a boutique research firm led by Jeff Howlett, President, announced today that it has recently published a comprehensive research report on Telkonet, Inc. (OTCBB:TLKO), a leading technology company specializing in commercializing its proprietary powerline communications technology. This proven solution delivers two-way, broadband Internet access over existing electricity networks. Management has targeted the commercial sector, initially focusing efforts toward hospitality markets, and will follow with multi unit dwellings, governments, and international markets, all of which are experiencing growing demand for broadband.
The full report can be found at www.howlett-research.com/Research.htm.
Based on British Columbia's Sunshine Coast, Howlett Research Corp. has been completing company specific research reports for a range of publicly listed companies for over 10 years in a variety of industry sectors. The reports are developed for junior to medium sized companies that are undervalued relative to its peer group and lack adequate coverage by the financial community. These reports attempt to explain how the company is positioned in its competitive environment, along with what its business development/growth strategy and associated market potential is.
Telkonet is an innovative creator of unique Powerline Communications (PLC) solutions for the commercial and industrial markets, which utilizes their patent-pending technology. Telkonet invents new methods for delivering high-speed Internet access over the standard electrical lines already installed in buildings.
The "PlugPlusInternet" solution set is comprised of two products, the "PlugPlusInternet" Gateway and the "PlugPlusInternet" Modem designed to meet the commercial needs of hotels, office buildings, schools, shopping malls, and multi-dwelling residential markets.
The Telkonet "PlugPlusInternet" family of commercial products provides excellent connectivity over the existing electrical wiring and does not require the costly installation of additional wiring, or major disruption of business activity. In many situations the "PlugPlusInternet" system can be implemented more quickly and less expensively than adding dedicated wiring or installing a wireless system offering a viable and cost effective alternative to the challenges of hardwiring and wireless LANs.
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).