Nighthawk Systems Announces Sale to Oregon Electric Cooperative
13 April 2007 - 9:00PM
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 order for CEO700
whole house disconnect units from Salem Electric Cooperative of
Salem, Oregon. This order was placed by Salem Electric after
successfully testing a Nighthawk unit in 2006. Salem Electric
serves members in western Salem and Keizer, Oregon. General
Pacific, Inc., a distributor of electrical apparatus and supplies
in the Northwest U.S., assisted with the sale. 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 pleased that we continue to gain new customers in the electric
utility market, and that the overall market for our products seems
to be growing more rapidly. I�m also happy that we are making
progress with distributors and resellers of our products, as they
often have longstanding relationships with the customers that we
are seeking.� 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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