NEWTON, Mass. and AMSTERDAM, Oct. 9, 2012 /PRNewswire/ -- Ambient Corporation (NASDAQ: AMBT), provider of a secure, flexible and scalable smart grid communications and applications platform, announced today the launch of AmbientPQM™, an advanced Power Quality Monitoring solution that enables enhanced grid visibility for utilities.
AmbientPQM is a combination of software and hardware (PQM application, Ambient Smart Grid® Nodes, and Sensors) that enables utilities and distribution network operators to measure an array of Power Quality parameters on medium and/or low-voltage distribution grids, on overhead and/or underground lines and at distribution substations or transformers.
Ambient's Chief Technology Officer, Ram Rao, said, "In a changing and challenging power environment with increasing electricity demand, and with adoption of local renewable and low carbon technologies, distribution grids are under stress and utilities are under pressure to maintain and improve efficiency and reliability and to avoid costly build of new grid infrastructure. AmbientPQM facilitates real-time visibility of distribution networks to help surmount these challenges and ensure continued quality of customer service."
AmbientPQM is an application that is hosted on the Ambient Smart Grid Nodes and integrated within the AmbientNMS® (Network Management System) to facilitate configuration, management, analysis and transfer of collected data on required sensing parameters. Data collection, reporting and alerts for each of the sensing parameters are highly configurable and allow users to define configurations as required.
This announcement follows the announcement on October 2, 2012, regarding the company's launch of two new products, the Ambient MiniNode™ and the Ambient MicroNode™, joining the Ambient Smart Grid product line. All of the new products and solutions will be on display at Metering Europe, October 9 – 11, 2012 in Amsterdam, Netherlands in booth A#55.
For more information about Ambient's extensible communications and applications platform, 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.
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 with the U.S. Patent and Trademark Office. Ambient Smart Grid Node, Ambient MiniNode and Ambient MicroNode are trademarks of Ambient Corporation with the U.S. Patent and Trademark Office.
SOURCE Ambient Corporation