NEWTON, Mass., March 1, 2012 /PRNewswire/ -- Ambient Corporation (NASDAQ: AMBT), a leading provider of flexible and scalable smart grid communications platforms and technologies, announced today that it has appointed Jim Fisher, Vice President, Business Development, The Americas.
"Jim brings extensive industry knowledge and business development expertise," said John J. Joyce, President and CEO of Ambient Corporation. "As we look to expand our customer base and product offerings in 2012, I am confident that with the addition of Jim's experience to our management team we are better positioned to grow our brand awareness throughout the industry. We are excited to have him join at this critical juncture."
Prior to joining the company, Mr. Fisher spent the last seven years with Itron, Inc. in positions of increasing responsibility, most recently as Global Senior Director of Sales/Business Development. Mr. Fisher has worked in the energy industry for 20+ years in various roles of management, sales and marketing with Schlumberger and Itron. Mr. Fisher has a B.S. in Petroleum Engineering from West Virginia University.Mr. Fisher said, "It is a very exciting time in the energy industry as utilities are evaluating their traditional vertical networks and looking towards integrated and unified smart grid applications. Ambient Corporation is well positioned with their communications platform for promoting a smarter grid. I am looking forward to contributing to one of the primary goals for 2012 -- expansion of the Company's customer base." For more information about Ambient and its products, please visit www.ambientcorp.com. About Ambient CorporationAmbient 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.
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