April 22, 2014
Ambient Corporation (NASDAQ: AMBT), provider of a secure, flexible, and scalable communications and applications platform, and IntelliSAW, a leading provider of next-generation passive, cable-free sensor systems for smart grid applications, announced the successful integration of their products to provide temperature and humidity monitoring of energized switchgear to IEC61850 or DNP3-based SCADA systems, via Modbus protocol translation.
The two companies' joint offering leverages IntelliSAW's passive, self-powered sensors' ability to remotely and continuously monitor critical connection points within switchgear and transformers, and the Ambient Smart Grid® Node's flexible communications and protocol translation capability, to deliver advanced monitoring for critical electric power assets.
"The collaboration with IntelliSAW adds yet another use case to the capabilities of the Ambient Smart Grid Platform, and further expands the ecosystem of supported technologies and applications. We value the collaboration with IntelliSAW and look forward to building upon this early success to address both utility and other industrial verticals with our joint solution," said John J. Joyce, President and CEO of Ambient Corporation.
"We have used Ambient's Smart Grid Nodes to provide connectivity to, and protocol conversion for, our temperature monitoring solution to ease the path to customer deployment, enabling them to use their existing SCADA systems to monitor critical electrical distribution infrastructure with our non-invasive, cable-free sensors," said Tom Cunneen, CEO of IntelliSAW.
IntelliSAW and Ambient will deploy the first joint solutions with customers in Europe and South America, and will actively pursue opportunities in the geographies in which they operate.
For more information about Ambient's extensible communications and applications platform, the Ambient Smart Grid Meter Communications Module, and the Ambient Smart Grid® Node family, please visit www.ambientcorp.com.
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). More information on Ambient is available at www.ambientcorp.com.
IntelliSAW, a trading division of Transense Technologies plc (AIM: TRT.L), develops and markets patent-protected cable-free, passive surface acoustic wave (SAW) based sensing systems targeted at challenging industrial applications. Its IS485 family of products provides temperature monitoring of critical electric power switchgear and other equipment in Smart Grid applications.
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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