NEWTON, Mass., July 24, 2013 /PRNewswire/ -- Ambient Corporation (NASDAQ: AMBT), provider of a secure, flexible, and scalable smart grid communications and applications platform, today announced the further development of the Ambient MicroNode™, a purpose-built, compact and cost-effective network device with advanced processing capability and memory, which has been enhanced with an additional serial interface, two digital inputs and outputs, and a USB host port, to connect Distribution Automation (DA) devices such as voltage regulators, automated feeder switches, sensors, reclosers and capacitor banks.
Ambient's Chief Technology Officer, David Masters, said, "Our products provide the capability for data collection and control virtually anywhere on a distribution system. The additional interfaces on the MicroNode extend the communications and control capability to more devices to enable multiple applications. The choice of interfaces ensures flexibility to connect to a variety of smart grid and/or legacy devices. This product, like our other products, is managed by the Ambient Network Management System, providing the benefits of having a managed communications infrastructure."
John J. Joyce, President and CEO of Ambient Corporation, also commented, "Our investments in both hardware and software development enable our Company to bring products to our customers that are designed to fit today's needs and evolve to meet tomorrow's challenges. Ambient Smart Grid Nodes ™ offer utility customers a very effective solution for achieving their grid modernization objectives. Building single-use networks duplicates assets and increases cost. Conversely, our open standards-based IP platform, which enables utilities to deploy and manage multiple smart grid applications in parallel, provides undoubted financial and operational benefits."The Ambient MicroNode is a member the Ambient Smart Grid Node family that, along with the AmbientNMS®, delivers benefits of distributed intelligence grid architecture. Applications developed for the Ambient Smart Grid ® platform can be run on all three types of node. They deliver upstream and downstream high-speed data communications using a variety of wired and wireless technologies, including serial, Ethernet, PLC, cellular, Wi-Fi, and RF. Each node is a modular device that can be configured for different roles within the network and is suitable for targeted or scale deployments. They are also easy to install and allow for rapid deployment. For more information about Ambient's extensible communications and applications platform, please visit www.ambientcorp.com. About Ambient Corporation Ambient 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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