June 26, 2013
(NASDAQ: AMBT), provider of a secure, flexible, and scalable communications and applications platform, today announced that
, an early pioneer in the development of IP-based smart grid communications architecture, will join the company as Chief Technology Officer (CTO), effective immediately. He reports directly to
John J. Joyce
, President and Chief Executive Officer.
As Manager for Technology Development at Duke Energy, Mr. Masters was responsible for the development and application of smart grid and telecommunications networks to support the utility's strategic objectives. In this role, he worked with a wide variety of technology suppliers, including Ambient, in order to design, and then implement, a robust and versatile communications platform incorporating multiple technologies in parallel to support multiple grid applications.
"David is a true smart grid visionary and utility industry thought leader. The depth and breadth of his industry experience in grid modernization, technology, and development bring to Ambient a truly unique perspective when it comes to enabling our customers to efficiently modernize their infrastructure," stated Mr. Joyce. "As an early proponent of the use of open IP-based communication networks, he successfully developed and installed a versatile and scalable digital grid that is providing near- and long-term value in the daily operation of Duke's grid infrastructure. We look forward to David's leadership bringing new momentum and utility insight to Ambient's research and development activity."
Mr. Masters assumes his role at Ambient following the departure of Ram Rao, Senior Vice President and Chief Technology Officer, from the company. Mr. Rao played critical roles in the development of Ambient's core technology and product portfolio expansion. He will be available to consult with the Company through the end of the calendar year to enable a smooth and thorough transition. "During his 12‑year career at Ambient, Ram has overseen the successful development of four generations of advanced communications technology and played a crucial role in its ability to be successful on a commercial scale," commented Mr. Joyce. "Each of us at the company appreciates his hard work and leadership role. We wish him well in all his future endeavors."