BOSTON, May 16, 2011 /PRNewswire/ -- Ambient Corporation (OTCBB: ABTG), a pioneer in the development of smart grid communications infrastructure, is proud to announce it is the recipient of the top smart grid product award at this year's Utilities Telecom Council's (UTC) Telecom 2011 conference held in Long Beach, CA. The UTC named Ambient's X-3100 communications node and the AmbientNMS®, key components of the Ambient Smart Grid® communications platform, as best products in the Smart Grid / Smart Meter Product / Service category.
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The Ambient Smart Grid communications platform provides utilities with a standards-based, two-way communication infrastructure from which to launch current and future smart grid applications. Ambient provides a universal architecture that empowers utilities to choose the right applications for different segments of their customer base, while the AmbientNMS acts as an intelligent information dashboard for network monitoring. Using the platform, utilities instantly gain a level of visibility into their network operations previously unavailable, including enhanced basic applications such as outage tracking and energy loss detection, and deploy more advanced applications such as smart metering, distribution automation and demand response.
"Winning this award is a strong endorsement of our successful approach to building out smart grid platforms. Just as the UTC did, utilities are recognizing that smart grid applications cannot happen without an infrastructure that is designed to integrate different kinds of services -- in addition to smart metering," stated John J. Joyce, President and CEO of Ambient. "We have been building such a platform for over a decade and this recognition substantiates our commitment to that end."
The Ambient Smart Grid communications platform is currently supporting more than 38,000 nodes operating in select geographies, providing benefits to more than 250,000 endpoints in real world, operational grid environments.
About The Utilities Telecom Council
The Utilities Telecom Council (UTC) is a global trade association dedicated to creating a favorable business, regulatory, and technological environment for companies that own, manage, or provide critical telecommunications systems in support of their core businesses. Founded in 1948, UTC now represents international electric, gas, and water utilities; natural gas pipelines; other critical infrastructure entities and other industry stakeholders. For more information, visit www.utc.org.
The UTC Product Awards, an annual competition held at UTC EXPO, highlight the very best in critical infrastructure industry technology. Open to all exhibitors, each entrant selects a product and submits it for entry in one of four categories: Best Wireless Equipment, Best Telecom Equipment, Best Telecom Services, and Best Smart Meter/Smart Grid Products/Service. A panel of utility telecom and IT professionals reviews all entrants by visiting the booths and learning more about the product and service beyond the description submitted. The judges then choose winners in each category based on innovation, functionality, economical feasibility, and practicality as applied to the utility industry.
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 (OTCBB: 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 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 to support operations, 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, 2010, 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®, AmbientNMS®, and the Ambient logo are registered trademarks of Ambient Corporation with the U.S. Patent and Trademark Office.
SOURCE Ambient Corporation
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