Nighthawk Systems Receives Order from El Paso Electric
06 November 2008 - 11:00PM
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 initial order for 695 of
its new, two-way whole house disconnect devices. El Paso Electric
generates and distributes electricity through an interconnected
system to approximately 361,000 customers in the Rio Grande Valley
in west Texas and southern New Mexico. Nighthawk announced earlier
this week that it was offering a suite of proprietary products that
utilize a new, two-way wireless communications platform, and
expects to deliver the products to El Paso Electric during the
first quarter of 2009. Nighthawk�s new CEO800 series of whole house
disconnect units incorporate the two-way technology, which allows
the utility to monitor the status of the electrical service at the
customer�s house via Nighthawk�s Utility WebConnectTM software.
Additional features, such as current limiting and back-feed
detection, are also available to the utility with the CEO800
products. Like the predecessor CEO700, the CEO800 will save
utilities time, effort and money associated with the traditional
manual method of pulling meters to disconnect service to customers
by eliminating truck rolls. Wireless reconnections of service will
also improve response times for the utilities, improving customer
service. H. Douglas Saathoff, Nighthawk�s CEO, stated, �I�m
extremely excited to receive this order from El Paso Electric.
We�ve maintained a great relationship with El Paso Electric over
the past several years and have worked closely with them on
understanding the benefits that this new technology offers. I�m
very pleased that they will be the first customer to use the new
product, and we look forward to successfully selling the new
products to our other customers 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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