April 16, 2014
Ambient Corporation (NASDAQ: AMBT), provider of a secure, flexible, and scalable smart grid communications and applications platform, announced availability of its Smart Meter Communications Module, utilizing Powerline Communications (PLC) technology to connect new or existing meters. Ambient has collaborated with EnVerv to offer a field-tested Smart Meter Communications Module that meets the expectations of utility customers, in line with the specificities of their markets, including Worldwide frequency support for CENELEC, FCC, and ARIB powerline bands. This announcement follows the introduction of Ambient's unique Dual Modem G3-PLC Data Concentrator in October 2013.
The Ambient Smart Meter PLC Module uses the existing low-voltage grid to help minimize infrastructure and operational costs. "We have chosen EnVerv's EV8000 Series technology as one of our communications solutions for the Ambient Smart Meter Communications Module, because it supports multiple PLC standards and enables efficient and effective communications for a range of utility applications, including Advanced Metering Infrastructure (AMI), in-building communications, and Active Energy Management solutions," said John J. Joyce, President and CEO of Ambient.
"We are excited to be working together with Ambient on our EV8000 series of products, which offer the flexibility and scalability for developers to design data concentrators that comply with any PLC standard, and meet the performance, cost, and connectivity requirements for Active Energy Management," said Michael Raam, President and CEO of EnVerv.
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).
About EnVerv Inc.
EnVerv is a fabless semiconductor company in the United States with headquarters in Milpitas, California. The company's SoC solutions enable robust and high-speed communications over Low Voltage (LV) and Medium Voltage (MV) power lines that are applicable to various grid connectivity markets such as AMI, solar micro-inverters, transformer monitoring, substation communications, lighting networks, etc. EnVerv's family of communications SoC solutions comprises single-chip soft-modems and covers ITU-T G.9903 (G3-PLC), ITU-T (G.9904) PRIME, IEEE 1901.2 and IEC-61334 (S-FSK) standards across CENELEC, FCC and ARIB frequency bands. For more information please visit www.enverv.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.
Ambient, Ambient Smart Grid and AmbientNMS are registered trademarks of Ambient Corporation.
Ambient Smart Grid Node and Ambient MicroNode are trademarks of Ambient Corporation.
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