NEWTON, Mass., Nov. 14, 2012 /PRNewswire/ -- Ambient Corporation (NASDAQ: AMBT) today announced it ranked 54 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and clean technology companies in North America. Ambient Corporation grew 2,651 percent from 2007 to 2011.
Ambient Corporation's President and Chief Executive Officer, John J. Joyce, credits the Ambient Communications Platform and its advanced technologies with the company's 2,651% revenue growth.
Mr. Joyce commented, "The value of the Ambient Communications Platform has enabled us to make a significant impact for our utility customers. It is by developing solutions for complex grid modernization challenges that we provide enhanced visibility into the distribution grid. Ambient is on the forefront of the latest technologies that bring customer benefits, extend the life of assets and provide greater control of the distribution grid.""We are proud to honor the 2012 Technology Fast 500™ companies, and commend them for their outstanding growth," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications (TMT) leader. "These ground-breaking companies have outpaced their competition and are reinventing the way we do business today." "The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy," said Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). "As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of Ambient Corporation for this impressive accomplishment." Ambient Corporation previously ranked 140 as a Technology Fast 500™ award winner for 2011. Overall, 2012 Technology Fast 500™ companies achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011, with an average growth of 2,774 percent.