MILWAUKEE, Feb. 26, 2013 /PRNewswire/ -- Telkonet, Inc. (OTC BB: TKOI), developer of the revolutionary EcoSmart energy management platform incorporating patented Recovery Time™ technology, is pleased to announce today that Marriott International, with over 3,700 properties in 74 countries, has selected Telkonet as an Approved Vendor in providing occupancy-based energy management technology throughout all of its hospitality brands worldwide.
As well as being designated as an Approved Vendor in the January 2013 editions of all Marriott Full Service Hotel Design Standards, Telkonet's EcoSmart energy management solutions will also be included in the Select Service Brands editions later this year for Courtyard, Fairfield, Residence Inn, SpringHill Suites and TownPlace properties. These Design Standards apply to both U.S. and international new-builds and renovations.
"Currently, only about one-fifth of Marriott hotels have an energy management system, a situation that we are aggressively seeking to improve with partners such as Telkonet. Our global sustainability goals include further reductions in energy and water consumption of 20 percent by 2020 and we believe that Telkonet is poised to help us meet and exceed these energy reduction initiatives at any Marriott property," said Terry C. Smith, VP of Engineering at Marriott International. "Telkonet has proven to be extremely reliable, innovative and service-oriented while their products are very guest-friendly," added Smith.
Gerrit Reinders, Telkonet's Executive VP of Sales and Marketing stated, "We are very pleased with our growing relationship with Marriott International, one of the world's most respected names in hospitality. This selection opens the door to a number of revenue opportunities for Telkonet, and easily provides Marriott properties with the tools required to pursue operational efficiency utilizing EcoSmart technology. The Marriott brand consists of over 640,000 rooms and to empower these property owners with the ability to wirelessly monitor and control heating, cooling and lighting usage on a room-by-room basis is what distinguishes Telkonet's capabilities from other industry participants. Based on previous similar installations, we've proven that real-time energy cost reductions of 30% - 40% are attainable in these environments, a significant harvesting of savings from a building's energy expenses."The Telkonet technology platform also allows building owners to participate in demand response to balance electricity production and consumption right down to the individual EcoSmart intelligent thermostats within each and every room. By shifting or reducing energy demands (load shedding) from those spaces that are unoccupied to those that are, the EcoSmart system maximizes a property's energy efficiency while eliminating unnecessary power consumption.