Ambient Corporation's 100,000th Smart Grid Node Deployed
The Ambient X-Series nodes serve as the communications backbone for utilities' modernization efforts, enabling multiple smart grid applications
NEWTON, Mass., June 7, 2012 /PRNewswire/ -- Ambient Corporation (NASDAQ: AMBT), a leading provider of flexible and scalable smart grid communications platforms and technologies, announces the deployment of the 100,000th Ambient Smart Grid Node®, the flagship hardware element of the Ambient Smart Grid Communications Platform. First deployed in 2005, the Ambient Smart Grid Node has pioneered open, secure, two-way, standards-based grid communications for utilities.
Today, Ambient's nodes connect more than 800,000 end devices in the Duke Energy network, and can support a variety of smart grid applications in parallel, including, but not limited to, Advanced Metering Infrastructure (AMI), Distribution Automation (DA), and Outage Management. Starting at the communications network layer in any smart grid implementation ensures that the costs of implementation, operations, and communications are optimized. The Ambient node represents a cost-effective solution to reduce both capital and operational expenses for utilities.
At the Company's Annual Meeting of Stockholders held earlier today, John J. Joyce, President and CEO of Ambient, addressed this milestone achievement. "With over ten years of experience in meeting the needs of utilities, we have designed and manufactured a communications platform, with the X-3100 node at its heart, that has the versatility to meet the multiple smart grid applications for today's utility needs. Moreover, the platform is flexible to accommodate new requirements and applications as they are developed. We are gratified to have reached this milestone."
As there is no one communications technology that is right for all applications and environments across utilities, the Ambient node's ability to support multiple communications protocols, working simultaneously with purpose-built applications and consulting services, provides a level of visibility and control that utilities have never before enjoyed.
For more information about Ambient or the Ambient Smart Grid Communications Node, please visit: www.ambientcorp.com.
About Ambient Corporation
Ambient designs, develops and sells the Ambient Smart Grid® communications 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 their 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®, Communications for a Smarter Grid® and AmbientNMS® are registered trademarks of Ambient Corporation with the U.S. Patent and Trademark Office.
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