This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

David Masters Appointed Chief Technology Officer At Ambient Corporation

NEWTON, Mass., June 26, 2013 /PRNewswire/ --  Ambient Corporation (NASDAQ: AMBT), provider of a secure, flexible, and scalable communications and applications platform, today announced that David Masters, 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.

(Logo: )

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."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs