Nighthawk Systems Receives Largest Remote Disconnect Order in Company History
07 August 2007 - 9:00PM
Business Wire
Nighthawk Systems, Inc. (OTCBB:NIHK), a leading provider of
intelligent wireless power management and emergency notification
solutions, announced today that it has received the largest single
order of CEO700 remote disconnect devices in its history, from
Avista Corp. of Spokane, Washington. Avista Utilities is a division
of Avista Corp., a NYSE-traded company, and provides service to
345,000 electrical and 304,000 natural gas customers in three
western states. The CEO700 gives electric utilities the ability to
remotely connect and disconnect power to residential electric
meters on a moment�s notice, improving customer service response
times and saving the utilities significant time and money compared
to the traditional manual method that requires truck rolls and
field personnel. H. Douglas Saathoff, Nighthawk�s Chief Executive
Officer, commented, �I�m obviously very excited to receive this
order from Avista. Just over a month ago we announced that we had
received the largest initial order for CEO700�s in our history from
the Town of Smyrna, Delaware, and now we have received the largest
single order in Company history. Demand for our products continues
to grow throughout the electric utility industry, and we are coming
off of the largest revenue quarter in the last four years because
of that. We look forward to continuing that momentum.� 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 over 40 states. Nighthawk's products also enable
custom message display, making them ideal for use in traffic
control and emergency notification situations. Individuals
interested in Nighthawk Systems can sign up to receive email alerts
by visiting the Company�s website at www.nighthawksystems.com.
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.
Video River Networks (PK) (USOTC:NIHK)
Historical Stock Chart
From Jan 2025 to Feb 2025
Video River Networks (PK) (USOTC:NIHK)
Historical Stock Chart
From Feb 2024 to Feb 2025