Telkonet, Inc. restructures, including relocation of headquarters to Milwaukee

From a news release issued by Telkonet:

GERMANTOWN, MD--(Marketwire - December 21, 2009) - Telkonet, Inc. (OTCBB: TKOI), a Clean Technology company that develops and manufactures proprietary energy management and SmartGrid networking technology, is conducting a restructuring which includes the relocation of its offices from Germantown, Maryland to Milwaukee, Wisconsin. This transition is part of an ongoing focus to competitively position the company within the $50 billion SmartGrid and Clean Technology industries while achieving favorable cost reductions. . . .

Jason Tienor, President and CEO, commented, “The decision to consolidate Telkonet’s operations demonstrates our continued commitment to realign our business and operations, helping us achieve our growth and expansion goals. With this relocation strategy, we’re able to optimize our resources, positioning the Company to more effectively address the needs of the growing Clean Technology market. In addition, we look forward to becoming a significant part of the Clean Technology landscape in Wisconsin. This transition demonstrates our dedication to Wisconsin and further meets the conditions of our funding with the State to increase employment within
Wisconsin.

Posted in: Economic development