Nighthawk Systems Announces Initial Order to New York Electric Utility
15 January 2008 - 11:00PM
Business Wire
Nighthawk Systems, Inc. (OTCBB: NIHK), a leading provider of
intelligent wireless power control devices and solutions, today
announced that it has received an initial order from Central Hudson
Gas & Electric for its CEO700 wireless disconnect units. The
order was placed after the successful completion of tests of the
Nighthawk units, inclusive of customized firmware, which began in
the fall of 2007. Central Hudson Gas & Electric Corporation
serves approximately 371,000 customers in eight counties of New
York State�s Mid-Hudson River Valley, and delivers natural gas and
electricity to a 2,600-square-mile service territory that extends
north from the suburbs of metropolitan New York City to the Capital
District at Albany. This initial order is expected to be shipped
during the current quarter. The CEO700 gives electric utilities the
ability to wirelessly disconnect and reconnect power to residential
electric meters from a centralized location, improving customer
service response times and saving the utility significant time and
money over the traditional manual disconnect method that requires
multiple truck rolls and field personnel. H. Douglas Saathoff,
Nighthawk�s CEO, stated, �I am proud to welcome Central Hudson to
our growing list of utility customers, which now totals in excess
of 50 customers. We met Central Hudson�s particular requirements by
customizing our standard solution for them. We look forward to the
opportunity to expand our relationship with Central Hudson going
forward.� 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 devices and systems that allow
for the centralized, on-demand management of assets and processes.
Nighthawk products are used throughout the United States in a
variety of mission critical applications, including remotely
turning on and off and rebooting digital network devices,
activating alarms, and emergency notification, including the
display of custom messages. Nighthawk�s IPTV set top boxes are
utilized by the hospitality industry to provide in-room standard
and high definition television and video on demand. 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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