BOSTON, Sept. 29 /PRNewswire/ -- Ambient Corporation (OTC Bulletin Board: ABTG) today announced that it has ramped up manufacturing capacity to meet the increasing demand for its products. Ambient is positioned to meet the recent increase in purchase orders, currently totaling over 44,000, for the X-3100 smart grid nodes. The company continues to further increase capacity for additional anticipated orders.
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In Ohio, Ambient's field deployed nodes are today collecting and transmitting data to/from more than 100,000 electric and 60,000 gas meters. Earlier this month, DOE Secretary Steven Chu took note of Ohio's smart meter progress and explained that smart grid deployments create a more reliable, modern electrical grid and eventually enable consumers to monitor and control their energy use. Ambient's node is a key component in smart grid deployments that are intended to bring these benefits to over 750,000 consumers.
To date, Ambient has shipped approximately 25,000 IP-based smart grid communications nodes (from previously received orders), with over 17,000 of these nodes deployed in multiple locations in the United States.
"The ongoing deployments, successful scaling and continuous management of the deployments using Ambient's network management software, represent a strong endorsement of the Ambient Smart Grid platform," stated Ram Rao, Ambient's CTO. "The deployments demonstrate our belief and commitment in the network architecture for managing the grid system, allowing for a more efficient delivery of electricity and gas to utility customers."
Having experienced more than four consecutive quarters of growth, the Company is continuing to add essential resources to enhance its smart grid communications portfolio of products and expand its customer base.
About Ambient Corporation
Ambient designs, develops and markets Ambient Smart Grid® communications technologies and equipment. Using open standards-based technologies along with in-depth industry experience, Ambient provides utilities with solutions for creating smart grid communication platforms and technologies. Headquartered in Newton, MA, Ambient is a publicly traded company (OTC Bulletin Board: ABTG). More information on Ambient is available at www.ambientcorp.com.
This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry, and that 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, including but not limited to, our dependence on one key customer, our ability to raise additional capital when needed, the sufficiency of working capital, the timing and delivery of purchase orders and receipt of payment in respect thereof, the risk of market acceptance of new products and underlying technologies, the competitive market generally and in the smart grid market specifically, the success of our collaborative arrangements, changes in economic conditions generally and the smart grid market specifically, changes in technology, legislative or regulatory changes that affect us, and the risks and uncertainties discussed under the heading "RISK FACTORS" in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2009, and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.
Ambient, Ambient Smart Grid, Communications for a Smarter Grid and AmbientNMS are registered trademarks of Ambient Corporation with the U.S. Patent and Trademark Office.
SOURCE Ambient Corporation
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