Ambient Announces Substantial Increase in Revenue Opportunity
Categories: Member's Press Releases
Boston, Mass., January 26, 2010 - Ambient Corporation (OTCBB: ABTG) today announced the receipt of purchase orders of approximately $9.9 million for the supply of its fourth generation smart grid node, the Ambient® X-3100, and related technology. The Company anticipates delivery of product to substantially be completed during the first six months of 2010.
John J. Joyce, President and CEO of Ambient Corporation stated, "We have spent more than 10 years collaborating with the innovative and early adopters of the smart grid space. To have our team's vision of a platform based on incorporating multiple communication technologies within one enclosure culminate in this latest product offering is gratifying. The initial success of the X-3100 positions the Ambient Smart Grid® platform as a market leading solution, unifying best-in-class products to the utility industry."
Ambient's X-3100 has the networking ability to act as a bridge, router or gateway on the electrical grid and is the Company's third generation of smart grid nodes to be certified for deployment on Verizon Wireless' network.
Utilities can now ramp up their smart grid programs by deploying smart grid assets at strategic locations, connecting current and future smart grid devices without an upfront investment in a full build-out. The X-3100's open standards and IP-based technology provides a communications platform, via both wired and wireless technologies, and can integrate with other smart grid devices, regardless of manufacturer or communication protocol.
