Kimpton Hotels Expands Use of Telkonet’s EcoSmart Platform to Second Property, to Reduce Energy Expense

MILWAUKEE, WI / ACCESSWIRE / September 28, 2015 / Telkonet, Inc. (OTCQB: TKOI), creator of the EcoSmart platform of in-room automation solutions integrated to optimize energy efficiency, comfort and data collection in support of the emerging Internet of Things (IoT) today announced that Kimpton(R) Hotels and Restaurants, the largest chain of boutique hotels in the United States, recently adopted the EcoSmart platform at a second property, the Hotel Marlowe in Cambridge, Massachusetts, to be used in all of its guest rooms and suites to reduce energy expense. Kimpton Hotels is a hotel brand of InterContinental Hotels Group (NYSE:IHG), one of the world’s leading hotel companies with 724,018 rooms in more than 4,900 hotels in nearly 100 countries around the world.

“We’re pleased to expand our relationship with Kimpton Hotels, and grow our EcoSmart deployments to enable increased energy cost reductions,” said Jason Tienor, CEO of Telkonet, “Controlling energy consumption with the EcoSmart platform can make a significant impact on a property owner’s bottom line, as heating, ventilation and air conditioning costs represent a substantial portion of a facility’s overall utility bill.”

On average, America’s approximately 53,000 hotels spend $2,196 per available room each year on energy or about 6% of all operating costs. Through a strategic approach to energy efficiency, a 10% reduction in energy consumption would have the same financial effect as increasing the average daily room rate by $0.60 in limited-service hotels and by $2.00 in full-service hotels.

The fully networked system installed at Hotel Marlowe features Property Management System integration, BACNet integration, as well as the cloud-based EcoCentral Virtual Engineer intelligence engine and Telkonet’s leading EcoCare services which empower management and maintenance staff to proactively manage the HVAC systems throughout the property, address any issues quickly through maintenance triggers and SMS alerts, and remote access through the revolutionary EcoMobile application.

The EcoSmart Platform provides comprehensive savings, management reporting, analytics and virtual engineering of a customer’s portfolio and/or property’s room-by-room energy consumption. Telkonet has deployed more than a half million intelligent devices worldwide in properties within the hospitality, military, educational, healthcare and other commercial markets. The EcoSmart Platform is rapidly being recognized as a leading solution for reducing energy consumption, operational costs and carbon footprints, and eliminating the need for new energy generation in these marketplaces – all whilst improving occupant comfort and convenience.

ABOUT KIMPTON HOTELS & RESTAURANTS

San Francisco-based Kimpton Hotels & Restaurants is a leading collection of boutique hotels and restaurants and the acknowledged industry pioneer that first introduced the boutique hotel concept to the United States. In 1981, Bill Kimpton founded the company that today is renowned for making travelers feel genuinely cared for through thoughtful perks and amenities, bold, playful design and a sincerely personal style of guest service. Out to help people live full, balanced lives, Kimpton aims to inspire with touches like yoga mats in every room, complimentary coffee and tea to start the day, hosted evening Wine Hour, in-room fitness programming and complimentary bike rentals. The award-winning restaurants and bars are led by talented chefs and bartenders that offer guests a chance to dine like a local. Kimpton is consistently ranked as one of the top companies in the Market Metrix Hospitality Index, Upper Upscale Segment, for Customer Satisfaction. The company is highly-regarded for its innovative employee culture and benefits and has been named a FORTUNE magazine “Best Place to Work” six times since 2009. Kimpton is continuously growing and currently operates over 60 hotels and 70 plus restaurants, bars and lounges in 30 U.S. cities. In January 2015, Kimpton was welcomed into the InterContinental Hotels Group (IHG) family of hotel brands, bringing together two special cultures and sets of values to create the world’s largest boutique hotel business. For more information, visit www.KimptonHotels.com.

ABOUT TELKONET

Telkonet is a leading provider of intelligent automation solutions throughout commercial markets worldwide. The Internet of Things (IoT), offers considerable energy cost reductions, staff productivity enhancements and carbon footprint reductions through intelligent networked communications, improved asset utilization and data analytics. IoT platforms like Telkonet’s EcoSmart enable users to achieve savings, value and service through networked connectivity providing monitoring, control, analytics, convenience and the ability to participate with the emerging Smart Grid through automated demand response initiatives. Telkonet serves vertical markets that have established the company as a leading networking, efficiency and energy management technology provider. Those markets consist of Hospitality, Education, Military, Government, Healthcare and Public Housing. Telkonet’s business divisions include EcoSmart(TM), a networked automation platform featuring Recovery Time(TM) technology offering cost savings, energy reductions, optimized asset utilization and improved comfort, and EthoStream(R), one of the largest hospitality High-Speed Internet Access networks in the world providing public Internet access to more than 100 million annual users. 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 revenue 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).

Media Contacts:

Telkonet Investor Relations
414.721.7988
ir@telkonet.com

SOURCE: Telkonet, Inc.

ReleaseID: 432168