June 3, 2014
Ambient Corporation (NASDAQ: AMBT), provider of a secure, flexible, and scalable smart grid communications and applications platform, launched the cloud-based version of AmbientNMS(®), the extensible network management system that manages communications between grid devices and the utility operations center, and provides an integrated suite of software applications for real-time grid monitoring and management. The cloud-based variant of the AmbientNMS enables utilities to quickly and cost-effectively add the necessary computing resources to manage vital communications for smart grid applications, making use of the power and flexibility of infrastructure-as-a-service.
John J. Joyce, President and CEO of Ambient said, "Adding a cloud-based version of the AmbientNMS provides our customers with the ability to quickly adopt our smart grid solutions and manage communications between their assets. Using cloud services means that configurations can be chosen to suit each customer. This option from Ambient acknowledges that each utility's initial requirements are different and will develop at differing rates of over time."
"Flexibility, through providing choice of open, standards-based IP communications technologies for different applications and, now, in how to implement our versatile communications network management system, has always been central to our offering," said David Masters, CTO of Ambient Corporation. "Moreover, we intend to further develop how we offer our suite of applications -- outage management, power quality monitoring, and other software solutions -- to allow the utility to tailor our solutions to their particular requirements cost effectively."
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).
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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