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Ambient Corporation Joins G3-PLC Alliance to Enhance PLC Communications and Offer Greater Choice to UtilitiesSTOCKHOLM, and NEWTON, Mass., June 12, 2013 /PRNewswire via COMTEX/ -- Ambient Corporation (NASDAQ:AMBT), provider of a secure, flexible, and scalable communications and applications platform, today announced that it has joined the G3-PLC Alliance to further the aims of the international alliance alongside other key stakeholders of the smart grid ecosystem. (Photo: http://photos.prnewswire.com/prnh/20090311/AMBIENTLOGO) "We are proud to become a member of the G3-PLC Alliance," commented John J. Joyce, President and CEO of Ambient Corporation. "G3-PLC is a promising powerline communications standard, and as a provider of a flexible communications and applications platform, we need to embrace and support the key standards for the smart grid. Our roadmap is to support and integrate more protocols within our platform and this is the latest stage in that continuing development to offer choice to our utility customers." "The G3-PLC Alliance is pleased that Ambient Corporation, a leader in smart grid communications technology for utilities, has selected the G3-PLC ITU standard to be added to its platform. It is a new recognition by the smart industry of the G3-PLC high level features," said Jean Vigneron, General Secretary, G3-PLC Alliance. Ambient Corporation helps utilities modernize the grid with IP-based networking products and applications that integrate and connect existing and future grid assets on a secure, flexible, and scalable smart grid communications platform. Ambient's Smart Grid Node family enables real-time data communication for multiple applications, in parallel: smart metering, distributed generation and storage, demand response, and distribution automation. Please contact Ambient for additional information regarding the communications protocols and technologies supported by the Ambient Smart Grid® communications and applications platform, or visit us at CIRED 2013 in Stockholm, Sweden, at booth #E:15, June 10-13. About Ambient Corporation Ambient 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. About G3-PLC G3-PLC is a global, open powerline communication protocol specifically designed for smart grid communications and recently standardized by the ITU. It enables smart meter management, control and monitoring of the electrical distribution network, energy management, electric vehicle charging, lighting control and other smart grid applications. The key objectives of the G3-PLC Alliance are to certify the compliance of new G3-PLC products to the specifications, to insure their interoperability, and to help manufacturers and end users to develop and use the G3-PLC technology efficiently. The G3-PLC specification is designed to operate in 10-490 kHz frequency bands and is compliant with CENELEC, FCC and ARIB regulatory bodies. It was designed to meet the following requirements: -- Robustness: communications profile suited to operate in severe noisy environments such as low-voltage lines, long-range communications in medium-voltage lines. -- Performance: bi-directional digital communications with data rates up to 300 Kbps -- Simplicity: simple to implement, install (Plug-and-Play), operate and maintain -- Security: it offers a safe environment using an AES-128 cryptography engine -- Scalability: Supports IPv6 for new internet-based energy management systems and applications for utilities and DSO's to better manage their assets on the grid. -- Cost: Long range communication and reliable data transmission reduces the number of repeaters. Plug-and-Play architecture and intelligent mesh networking reduces installation time. Notes 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 cultivation of 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 and Ambient Smart Grid are registered trademarks of Ambient Corporation. SOURCE Ambient Corporation http://rt.prnewswire.com/rt.gif?NewsItemId=NY30711&Transmission_Id=201306120900PR_NEWS_USPR_____NY30711&DateId=20130612 |
