Nighthawk Systems Announces Initial Sale to Alaska Electric Utility
March 21 2007 - 6:00AM
Business Wire
Nighthawk Systems, Inc. (OTCBB:NIHK), a leading provider of
intelligent wireless power management and emergency notification
solutions, today announced that it has received an initial order
for its CEO700 whole house disconnect units from Golden Valley
Electric Association of Fairbanks, Alaska. This initial order was
placed after successful testing of the product in below zero
conditions in their service area, which covers 90,000 residents and
approximately 42,000 service locations in the Fairbanks, Delta,
Nenana, Healy and Cantwell areas. Nighthawk recently announced that
sales of the CEO700, one of Nighthawk�s core products, more than
doubled from 2005 to 2006, and that the trend has continued early
in 2007. The CEO700 gives electric utilities the ability to
wirelessly disconnect and reconnect power to residential electric
meters from a centralized location, saving them significant time
and money over the traditional manual disconnect method requiring
multiple truck rolls and field personnel. H. Douglas Saathoff,
Nighthawk�s CEO, stated, �I�m very pleased to receive this order
from Golden Valley. Our units will save them the time and expense
normally associated with performing service connects and
disconnects over a very large service area, often under harsh
conditions. I�m confident that they will quickly realize a positive
return on their investment in the units.� Individuals interested in
Nighthawk Systems can sign up to receive email alerts by visiting
the Company�s website at www.nighthawksystems.com. About Nighthawk
Systems, Inc. Nighthawk is a leading provider of intelligent
wireless power control products that enable simultaneous activation
or de-activation of multiple assets or systems on demand.
Nighthawk's installed customer base includes major electric
utilities, internet service providers and fire departments in 40
states. Nighthawk's products also enable custom message display,
making them ideal for use in traffic control and emergency
notification situations. Forward-looking statements Statements
contained in this release, which are not historical facts,
including statements about plans and expectations regarding
business areas and opportunities, acceptance of new or existing
businesses, capital resources and future business or financial
results are "forward-looking" statements. You should not place
undue reliance on these forward-looking statements. Such
forward-looking statements are subject to risks and uncertainties,
including, but not limited to, customer acceptance of our products,
our ability to raise capital to fund our operations, our ability to
develop and protect proprietary technology, government regulation,
competition in our industry, general economic conditions and other
risk factors which could cause actual results to differ materially
from those projected or implied in the forward-looking statements.
Although we believe the expectations reflected in the
forward-looking statements are reasonable, they relate only to
events as of the date on which the statements are made, and our
future results, levels of activity, performance or achievements may
not meet these expectations. We do not intend to update any of the
forward-looking statements after the date of this press release to
conform these statements to actual results or to changes in our
expectations, except as required by law.
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