Nighthawk Systems Receives Fourth Order From Nebraska Public Power District in 200513 May 2005
Nighthawk Systems, Inc. (OTCBB:NIHK), a leading provider of intelligent wireless power control products, announced today that Nebraska Public Power District ("NPPD")has placed a fourth order for Nighthawk's proprietary CEO-700 whole house disconnect units. NPPD is Nebraska's largest electric utility, with a chartered territory including all or parts of 91 of Nebraska's 93 counties.
The CEO-700 gives electric utilities the ability to remotely disconnect and reconnect power to electric meters, saving them significant time and money over the traditional manual disconnect/reconnect methods that require field personnel to be dispatched multiple times to customers' premises. Nighthawk has learned that a utility can recoup its investment in the CEO-700 by utilizing the unit only three times.
H. Douglas Saathoff, Nighthawk's CEO, stated, "We're very pleased that NPPD has come back for three additional orders for CEO-700s after placing their original order in March of this year. As we continue to gain other utilities as customers, I expect that we'll find more utilities that will place orders on a consistent basis in order to reduce costs associated with servicing past due accounts."
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About Nighthawk Systems, Inc.
Nighthawk Systems, Inc. provides wireless, remote monitoring and power control equipment and services that save customers time, effort and money. Nighthawk products allow for on-demand processing at single or multiple widespread sites, and are easily installed and operated by anyone, regardless of technical capability. Nighthawk services customers in a variety of markets, including electric utilities, traffic control, computer systems, commercial lighting, and irrigation. For more information visit 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.
Contacts
Nighthawk Systems, Inc.
Sales Contact:
Myron Anduri, 800-735-7650
manduri@nhawks.com
or
Investor Contact:
Don Merrill, Jr., 830-336-3832
dlmjr@gvtc.com
Source: Business Wire
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