NEWTON, Mass. and AMSTERDAM, Oct. 15, 2013 /PRNewswire/ -- Ambient Corporation (NASDAQ:AMBT), provider of a secure, flexible, and scalable smart grid communications and applications platform, today announced that its Ambient Smart Grid Nodes ® now have an optional module that features either a single or dual G3-PLC modem for metering and other smart grid applications.
Ambient has adopted the advanced OFDM-based Powerline Communications (PLC) technology to facilitate secure, high-speed, highly-reliable, long-range communication over the existing powerline grid, both low and medium voltage. Two-way communications networks based on G3-PLC will provide electricity network operators with intelligent monitoring and control capabilities. G3-PLC supports true IPv6 addressing.
"We have adopted a PLC technology because it minimizes infrastructure and maintenance costs. It is vitally important to us that it is standards-based to ensure interoperability, and that it can support metering, new distribution switches, sensors, and home area network applications. Equally, there are the security mechanisms in place to protect grid assets, and the robust mode of G3-PLC improves communication under noisy channel conditions and can co-exist with older technologies," said Donald Pollock, Global Vice President of Sales and Marketing 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 European Utility Week, Booth D54a, October 15-17, Amsterdam, The Netherlands. 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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