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Ambient Corporation Files Registration Statement For Public Offering Of Common Stock

Stocks in this article: AMBT

NEWTON, Mass., Aug. 19, 2011 /PRNewswire/ -- Ambient Corporation (NASDAQ: AMBT), a leading provider of smart grid communications platforms and applications, today announced that it has filed a Form S-1 registration statement with the Securities and Exchange Commission for a proposed public offering of its common stock.

(Logo: http://photos.prnewswire.com/prnh/20091012/NE90671LOGO )

Stifel Nicolaus Weisel will act as book-running lead manager for the proposed offering.  Needham & Company, LLC and ThinkEquity LLC will serve as co-managers.

The offering of these securities will be made only by means of a prospectus.  When available, a copy of the preliminary prospectus relating to these securities may be obtained from Stifel, Nicolaus & Company, Incorporated, One Montgomery Street, Suite 3700, San Francisco, California 94104, or by calling 415-364-2720.  

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

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).

This press release contains statements that may be deemed to be "forward-looking statements" under federal securities laws. These forward-looking statements include statements about our proposed offering of common stock.  No assurance can be given that the public offering discussed herein will be completed within a particular time frame, if at all.  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 the Form S-1 registration statement filed in connection with the offering described in the press release, 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.

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