Product Range Extended to Provide Greater Flexibility for Grid Asset Connectivity and Control for Ambient's Customers
NEWTON, Mass., Oct. 2, 2012 /PRNewswire via COMTEX/ --
Ambient Corporation (NASDAQ: AMBT), provider of a secure, flexible and scalable smart grid communications and applications platform, announced today the launch of two new smart grid nodes: the Ambient MicroNode(TM) and Ambient MiniNode(TM) complement the existing Ambient Smart Grid Node(TM), which has been enhanced with more powerful grid analytics capabilities.
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The Ambient Smart Grid Node family now provides utilities with even greater choice for reliable and efficient management of multiple smart grid applications through a single infrastructure that utilizes an open IP-based architecture.
Ambient's Chief Technology Officer, Ram Rao, said, "No matter which smart grid application a utility is focused on, there is a need for flexible connectivity solutions for remote devices. It has always been our philosophy to offer a network platform with choice in the communications technologies since no single technology will be suitable for all grid scenarios. With the launch of the Ambient MiniNode and MicroNode, we offer not only choice in communications technology, but also greater choice to match price performance in the hardware to facilitate those communications and applications."
John J. Joyce, President and CEO of Ambient Corporation, also commented, "Bringing these new products to market offers our customers a very effective solution for achieving their grid modernization objectives. By optimizing implementation and operational costs, these new products are designed to fit today's needs and tomorrow's challenges. A single infrastructure that is utilized for more than one application, whether it be AMI and Volt/VAR optimization, or outage detection and transformer monitoring, or a combination of all four, has undoubted financial benefits."
The Ambient Smart Grid Nodes are purpose-built network devices, all with advanced processing capability and memory that, along with the AmbientNMS®, deliver benefits of distributed intelligence grid architecture. Applications developed for the Ambient Smart Grid platform can be run on all three types of node. They deliver upstream and downstream high-speed data communications using a variety of wired and wireless technologies, including serial, Ethernet, PLC, cellular, Wi-Fi or RF. Each node is a modular device that can be configured for different roles within the network and is suitable for targeted or scale deployments. They are easy to install and allow for rapid deployment.
For more information about Ambient's extensible communications and applications platform, please visit www.ambientcorp.com.
About Ambient CorporationAmbient designs, develops and sells the Ambient Smart Grid® communications and applications platform. The Ambient Smart Grid products and services include communications nodes; a network management system, AmbientNMS®; integrated applications; and maintenance and consulting services. Using open standards-based technologies along with in-depth industry experience, Ambient provides utilities with solutions for smart grid initiatives. Headquartered in Newton, MA, Ambient is a publicly traded company (NASDAQ: AMBT). More information on Ambient is available at www.ambientcorp.com.
Except for historical information, this press release contains statements that may be deemed to be "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include statements relating to the diversification of our customer base, further development and marketing of our communications platform and cultivating projects with potential customers, among others. These forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, which could have a material adverse effect on our operations and future prospects including, but not limited to, continuing compatibility of our platform with new utility applications and requirements, our ability to retain and attract customers, particularly in light of our dependence on a single customer for substantially all of our revenue; our expectations regarding our expenses and revenue, including our expectations that our research and development expenses and selling, general and administrative expenses may increase in absolute dollars; anticipated trends and challenges in our business and the markets in which we operate, including the market for smart grid technologies; our expectations regarding competition as more and larger companies enter our markets and as existing competitors improve or expand their product offerings; our plans for future products and enhancements of existing products; our anticipated cash needs and our estimates regarding our capital requirements; and our anticipated growth strategies. We undertake no obligation to publicly update or revise any forward-looking statements. Further information on the company's risks and uncertainties is available in our filings with the Securities and Exchange Commission.
Ambient, Ambient Smart Grid and AmbientNMS are registered trademarks of Ambient Corporation with the U.S. Patent and Trademark Office. Ambient Smart Grid Node, Ambient MiniNode and Ambient MicroNode are trademarks of Ambient Corporation with the U.S. Patent and Trademark Office.
SOURCE Ambient Corporation
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