SAN ANTONIO--(BUSINESS WIRE)--Nighthawk Systems, Inc. (OTCBB:
NIHK -
News) (“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.
Contact:Nighthawk Systems, Inc.
Doug Saathoff, 877-7-NIGHTHAWK, Ext 701
Chief Executive Officer
dsaathoff@nighthawksystems.com
or
Grannus Financial Advisors, Inc.
Yvonne L. Zappulla, 212-681-4108
Managing Director
Yvonne@grannusfinancial.com
Source:
Nighthawk Systems, Inc.
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