HOUSTON and NEWTON, Mass., May 15, 2013 /PRNewswire/ -- Ambient Corporation (NASDAQ: AMBT), provider of a secure, flexible, and scalable communications and applications platform, today announced that all Ambient Smart Grid® Nodes fully support DNP3 protocol, which enables local data aggregation and control at distributed locations on the utility grid.
DNP3 protocol support allows the Ambient Smart Grid Nodes to collect, process, store, communicate, and act on data from DNP3-enabled Intelligent Electronic Devices (IEDs) used on the grid. The nodes can act as both "slave" to the Network Operations Center (NOC) "master," and a "master" to communicate with and control multiple IEDs "slaves." The use of local computing power on each and every node enables local decision-making and action, and/or communication of selected data back to the centralized Network Operations Center - a versatile solution for multiple grid scenarios.
"Facilitating multiple smart grid applications, in parallel, is a pillar of Ambient's solution, and we recognize that existing assets are a significant part of the grid and will be for years to come. Being able to cost-effectively combine existing and new assets in any grid modernization plan, using a common communications and applications platform, avoids single-use networks and reduces unnecessary cost," said Ram Rao, Senior Vice President and Chief Technology Officer at Ambient Corporation.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 secure, flexible, and scalable smart grid communications platform. Ambient's Smart Grid Node family enables real time data communication for multiple applications, in parallel: smart metering, distributed generation and storage, demand response, and distribution automation. Please contact Ambient for additional information regarding the communications protocols supported by the Ambient Smart Grid communications and applications platform or visit us at UTC Telecom 2013 in Houston, TX at booth #760, May 15-16. About Ambient CorporationAmbient 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.
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