NEWTON, Mass. and SAN DIEGO, March 6, 2012/PRNewswire/ --Ambient Corporation (NASDAQ: AMBT), a leading provider of flexible and scalable smart grid communications platforms and technologies, announced today that it has joined the Wi-Fi Alliance, a global non-profit industry association of hundreds of leading companies devoted to seamless connectivity.
"By incorporating open, standards-based communication technologies, such as Wi-Fi®, within The Ambient Smart Grid®, we ensure that utilities have the flexibility needed to better manage disparate grid devices," said Ram Rao, Ambient's SVP & CTO. "Wi-Fi technology has been used within our platform to enable both our, and third party applications and devices. This affords our utility customers greater visibility into the grid's behavior, which allows for improved grid management through timely decisions. As demands upon the grid increase -visibility, interoperability, and connectivity with multiple grid devices will help utilities more effectively manage the distribution network; creating savings and benefits that can only be realized through a robust communications platform."
"We congratulate Ambient on joining our membership," said Edgar Figueroa, CEO of the Wi-Fi Alliance. "Ambient has demonstrated its commitment to a good user experience with advanced Wi-Fi solutions by joining our organization."
The Ambient Smart Grid® Communications Platform supports multiple communications technologies; in addition to Wi-Fi – Power Line Communications (PLC), Cellular, Radio Frequency, Serial and Ethernet can be used for secure, two-way IP-based communications. The Ambient solution is a single network communications infrastructure that facilitates multiple smart grid applications, in parallel and can use a variety of communications technologies simultaneously.
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 to help utilities with operational cost savings. 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).
This press release contains statements that may be deemed to be "forward-looking statements" under federal securities laws. Any 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, including but not limited to, the dependence on one key customer, our ability to raise additional capital when needed, the sufficiency of working capital, the competitive market generally and in the smart grid industry specifically, the success of our collaborative arrangements, changes in economic conditions generally and the smart grid industry specifically, changes in technology, legislative or regulatory changes , and other risks and uncertainties discussed under the heading "RISK FACTORS" in Item 1A of our Annual Report of Form 10-K for the fiscal year ended December 31, 2011, and in the Company's other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.
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.