Nighthawk Systems Receives Record Order for Remote Disconnect Units
09 July 2008 - 9:00PM
Business Wire
Nighthawk Systems, Inc. (OTCBB: NIHK) (�Nighthawk�), a leading
provider of wireless and IP-based control devices and solutions,
announced today that it has received an order for 1,000 of its
CEO700 remote disconnect units from Avista Corp. (�Avista�) of
Spokane, Washington. This is the third order that Nighthawk has
received from Avista, and represents the largest single order for
CEO700�s in the Company�s history. Avista, a NYSE-listed utility,
generates annual revenue in excess of $1.3 billion providing
electric and natural gas service to approximately 633,000 customers
within a service territory covering over 30,000 square miles.
Nighthawk expects to ship the entire order by September 30, 2008.
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 expensive truck rolls and field
personnel. H. Douglas Saathoff, Nighthawk�s CEO, stated, �I�m
thrilled to receive this order from Avista, not only because it is
the largest order for CEO700�s ever placed with Nighthawk, but also
because it is repeat business from a valued customer. We�ve
released much news recently about the success of our newly-acquired
Set-Top Box business, but we�ve continued to build our base of
business in the electric utility industry with larger and larger
orders. This order raises the bar again, and we eagerly look
forward to what the future holds for our relationship with Avista
and other utilities as well.� About Nighthawk Systems 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 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. Individuals interested in Nighthawk Systems
can sign up to receive email alerts by visiting the Company�s
website at www.nighthawksystems.com. 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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