Message #58 From:
NewsBot Date: September 17, 2007 06:36:04 AM
Nighthawk Systems Announces Sale to Colorado Utility
Nighthawk Systems, Inc. (OTCBB: NIHK), a leading provider of intelligent wireless power management and emergency notification solutions, today announced that it has received an additional order for its CEO700 whole house disconnect units from United Power of Brighton, Colorado. United Power is a rural cooperative providing electric service to over 60,000 meters representing more than 120,000 customers across Colorado’s northern front range. United Power placed its original order for units in February of this year. Both sales were made with the assistance of Hotline Electrical Sales and Service, an electrical distributor covering the Rocky Mountain region of the U.S.
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, “It’s great to get another order from United Power, and we appreciate the work being done on our behalf by Hotline Electrical. Our growing network of resellers and distributors has definitely increased the frequency and the size of the utility orders we are receiving, and contributed significantly to our top line growth over the past six months.”
Individuals interested in Nighthawk Systems can sign up to receive email alerts by visiting the Company’s website at www.nighthawksystems.com.
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.
