Item 8.01. Other Events.
On September 20, 2021, Telkonet, Inc. suffered what it believed to be a
cyber-attack impacting certain internal systems. Promptly upon discovery of the
incident, the Company began working with cyber defense professionals to analyze
and remediate this incident. On September 21, 2021, the Company's cyber response
advisers determined that the incident was due to ransomware. The Company has
notified law enforcement and will provide any notices that may be required by
applicable law. Systems recovery efforts are in process and being implemented as
quickly as possible, and the Company is working to maintain the business
operations and to minimize the impact on all parties. Although the Company is
working to respond to this incident and will continue to do so, the incident has
caused and may continue to cause minimal interruptions in parts of the Company's
operations.
Cautionary Note Regarding Forward Looking Statements
This Form 8-K contains forward-looking statements, which are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. These forward-looking statements generally can be identified by use of
statements that include, but are not limited to, phrases such as "anticipate,"
"believe," "expect," "future," "intend," "plan," and similar expressions to
identify forward-looking statements. Forward-looking statements include, without
limitation, express or implied statements regarding the Company's belief that
it, its operations, its ability to provide it services and its results of
operations and financial position have not been materially impacted by the
ransomware incident, the outcome or implications of investigations of the
incident, and statements regarding the Company's business strategies, growth or
other future events or conditions. These statements are only predictions and are
subject to certain risks, uncertainties, and assumptions, which include, but are
not limited to, those identified and described in the Company's public filings
with the Securities and Exchange Commission. You are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date hereof. The Company does not undertake any obligation to update any
forward-looking statements as a result of new information, future developments,
or otherwise, except as expressly required by law.
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