TKOI Telkonet Inc (PK)

Item 8.01. Other Events.

On September 20, 2021, Telkonet, Inc. suffered what it believed to be a cyber-attack impacting certain internal systems. Promptly upon discovery of the incident, the Company began working with cyber defense professionals to analyze and remediate this incident. On September 21, 2021, the Company’s cyber response advisers determined that the incident was due to ransomware. The Company has notified law enforcement and will provide any notices that may be required by applicable law. Systems recovery efforts are in process and being implemented as quickly as possible, and the Company is working to maintain the business operations and to minimize the impact on all parties. Although the Company is working to respond to this incident and will continue to do so, the incident has caused and may continue to cause minimal interruptions in parts of the Company’s operations.

Cautionary Note Regarding Forward Looking Statements

This Form 8-K contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by use of statements that include, but are not limited to, phrases such as “anticipate,” “believe,” “expect,” “future,” “intend,” “plan,” and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, express or implied statements regarding the Company’s belief that it, its operations, its ability to provide it services and its results of operations and financial position have not been materially impacted by the ransomware incident, the outcome or implications of investigations of the incident, and statements regarding the Company’s business strategies, growth or other future events or conditions. These statements are only predictions and are subject to certain risks, uncertainties, and assumptions, which include, but are not limited to, those identified and described in the Company’s public filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not undertake any obligation to update any forward-looking statements as a result of new information, future developments, or otherwise, except as expressly required by law.