NEWTON, Mass. and SAN ANTONIO, Texas, Jan. 25, 2012 /PRNewswire/ -- Ambient Corporation (Nasdaq: AMBT), a leading provider of flexible and scalable smart grid communications platforms and technologies, announced today that its Ambient Smart Grid ® communications nodes now include Qualcomm's mobile broadband solution, the MDM6600 chipset. This chipset adds a new level of communications flexibility to the award winning Ambient Smart Grid ® communications platform, and is certified by Verizon Wireless for use in its wireless network.
"As the smart grid industry grows beyond smart meters and attracts more and more energy-saving applications, the need for highly functional, stable and reliable wireless communications is becoming increasingly vital. Qualcomm's products currently provide us with best-of-breed solution for our nodes," said John J. Joyce, President and CEO of Ambient. "Their inclusion in our smart grid communications node makes the Ambient solution even more reliable and flexible for utilities." Today, Ambient connects over 500,000 smart grid application end points to utility network operation centers.
At the DistribuTECH 2012 Conference and Exhibition in San Antonio, Texas, January 24-26, Ambient (Booth # 4220) and Qualcomm (Booth # 1941) will both demonstrate the capabilities of Ambient's communications node using Qualcomm's chipsets.For many utilities deploying smart grid networks, cellular backhaul is the most logical, easy-to- deploy and cost effective method of providing connectivity to assets in the field due to its breadth of coverage and carrier-supported reliability. The certification by Verizon Wireless assures utilities and other users of the Ambient Smart Grid ® Communications Platform that the architecture will seamlessly deploy anywhere with Verizon's extensive network, for both application communications and system backhaul. "Smart grid deployments continue to shift towards cellular technologies due to high network reliability, low latencies, ubiquitous coverage, remote field upgradability, low cost of ownership and a strong standards based ecosystem," remarked Andy Wood, Director of Business Development for Qualcomm. "Qualcomm is pleased to support Ambient's product introduction and their close engagements with major utilities in defining 3G cellular-enabled neighborhood transformer communication nodes." For more information about Ambient and its products, 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 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, 2010, 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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV