Telkonet Appoints COO

Telkonet appoints David Powell, former SVP of Tellabs' Network Enhancing Technologies Solutions division, as chief operating officer

October 16, 2003

2 Min Read

ANNAPOLIS, Md. -- Telkonet, Inc. (OTCBB:TLKO.OB), the leader in delivering high-speed Internet access over electrical wiring using proven powerline communications technology, today announced the appointment of David Powell as its Chief Operating Officer (COO).

Ron Pickett, President of Telkonet, stated, "David brings over twenty years of success and expertise in the telecommunications industry to Telkonet. We are delighted to have David join the Telkonet management team, where he will be responsible for growing Telkonet's business by delivering communications solutions that meet our customer's needs for fast, reliable and secure high-speed Internet access."

Prior to joining Telkonet, David served as Senior Vice President of the Network Enhancing Technologies Solutions division of Tellabs. He was President and COO of Coherent Communications Systems Corporation when it was acquired by Tellabs in 1998. During his 4 years as president and COO of Coherent, he was instrumental in growing the annual worldwide revenue from $30m to $100m.

Pete Musser, Chairman of Telkonet, stated, "I am proud of David's previous accomplishments while associated with Safeguard Scientifics and am certain that he will perform equally well as Chief Operating Officer of Telkonet."

David Powell stated, "I am delighted for the opportunity to become a part of Telkonet's superb team and the privilege of once again working along side Pete Musser. I greatly valued the guidance, encouragement and support Pete gave me during my 8 years at Coherent Communications Systems Corporation and I am looking forward to working with both Pete and Ron Pickett to develop Telkonet's markets and revenue."

Telkonet's PlugPlusInternet(TM) products deliver high-speed Internet access over standard electrical wiring, eliminating the need to rewire a building and enabling users to access the Internet from virtually any electrical outlet.

Telkonet's products provide connectivity over existing electrical wiring and do not require the costly installation of additional wiring, or major disruption of business activity. In many situations, the Telkonet system can be implemented more quickly and less expensively than adding dedicated wiring or installing a wireless system.

The Telkonet PlugPlusInternet family of Internet access products offers a viable and cost-effective alternative to the challenges of hardwiring and wireless local area networks (LANs). Telkonet PlugPlusInternet products are designed for use in commercial and residential applications, including multi-dwelling units and the hospitality and government markets.

Telkonet Inc.

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