NEWTON, Mass., March 18, 2013 /PRNewswire/ -- Ambient Corporation (NASDAQ: AMBT), provider of a secure, flexible, and scalable communications and applications platform, today announced that all of the Ambient Smart Grid® Node family is now certified on the Verizon Wireless 4G LTE network. For the first time, a high-speed, high-bandwidth communications network is now available to connect mission-critical utility and M2M smart grid applications.
"Certification of the Ambient Smart Grid Nodes to operate on a 4G LTE network is a significant benefit for our utility customers," stated John J. Joyce, President and CEO of Ambient Corporation.
Long Term Evolution (LTE) is the fastest growing and most advanced wireless network technology available, offering speeds up to ten times faster than 3G while providing significantly lower latency. LTE, an all-IP network, delivers the coverage and capacity for a fast, real-time connection that supports a larger number of connected endpoints and applications simultaneously, including video-enabled monitoring and control of grid assets.
"The 4G LTE wireless network addresses latency concerns typically associated with networks that deliver critical data, command and control messaging, and enable distribution automation applications," said Ram Rao, Ambient Corporation's Chief Technology Officer. "The flexibility of a high-speed cellular connection with greater signal penetration capabilities allow numerous applications to run simultaneously, while providing connectivity to head-end systems, and supporting a distributed intelligence framework."
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 single, secure, flexible, and scalable smart grid communications platform. Ambient's Smart Grid Node family enables real time data communication for multiple applications, in parallel; gas, water, and electric metering, demand response, and distribution automation.
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.
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 and Ambient Smart Grid are registered trademarks of Ambient Corporation.
SOURCE Ambient Corporation