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What Happened To Make Telkonet (TKOI) Stock Drop?

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During the last trading session, creator of the EcoSmart platform of intelligent automation solutions designed to optimize comfort, energy efficiency and operational analytics for commercial markets, Telkonet Inc (OTCQB: TKOI) saw its shares fell by 16.61 percent to $0.0472.

Telkonet stock has 136.31M outstanding shares vs 107.78M float on pink sheets. Recent developments may provide insight into TKOI stock despite the lack of current news.

How did TKOI recently fare?

Telkonet is a global provider of cutting-edge telematics platforms for Internet of Things (IoT). TKOI’s EcoSmart intelligent automation platform supports a full suite of IoT-connected devices to help commercial audiences better manage operational costs. Building operators can reduce energy costs by using TKOI’s devices, which provide detailed information and analysis on their energy usage.

Recently, Telkonet announced the release of the innovative EcoSmart line of thermostat products so that it can work with LG Air Conditioning Technologies’ HVAC systems.

TKOI/LG’s solution integrates with Building Management Systems (BMS) and Property Management Systems (PMS) in order to optimize each individual space based on resident requirements. A building’s onboard sensors, such as light, PIR, temperature, and occupancy, can deliver a truly intelligent experience to its occupants without affecting their comfort or performance.

As TKOI moves forward:

Telkonet (TKOI)’s EcoCentral SaaS platform provides advanced analytics and reporting as well as an event-based maintenance tool that allows operators to maximize productivity while minimizing resources. Using LG’s native integration is an example of the great partnerships TKOI is building with industry leaders to provide best-in-class solutions for its partners and customers.

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