Telkonet, Inc. is a clean technology company that develops and manufactures energy efficiency and smart grid networking technology. The Company’s Recovery Time energy management technology and Series 5 power grid networking technology are clean technology products. The Telkonet SmartEnergy (TSE) and Networked Telkonet SmartEnergy (NTSE) platforms incorporate Recovery Time, an energy management technology that monitors climate conditions to automatically adjust a room’s temperature to account for the presence or absence of an occupant in an effort to save energy while at the same time ensuring occupant comfort. The Company operates in two segments: the Telkonet Segment and the MST Segment. The Telkonet Series 5 and the Telkonet iWire System consist of the Telkonet Gateways, Telkonet Extenders, the Telkonet Coupler, and Telkonet iBridges. The Telkonet SmartEnergy product suite consists of thermostats, sensors and controllers.