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Ambient Smart Grid Nodes Implement IEC 61850 for Distribution and Substation AutomationNEWTON, Mass. and AMSTERDAM, Oct. 16, 2013 /PRNewswire via COMTEX/ -- Ambient Corporation (NASDAQ:AMBT), provider of a secure, flexible, and scalable smart grid communications and applications platform, today announced that all Ambient Smart Grid® Nodes have native support for International Electrotechnical Commission (IEC) 61850. IEC 61850 is a global protocol for substations and electric power systems. (Logo: http://photos.prnewswire.com/prnh/20090311/AMBIENTLOGO) IEC 61850 support allows the Ambient Smart Grid Nodes to collect, store, and communicate data from Intelligent Electronic Devices (IEDs) and filter the amount of data backhauled. The flexible, node-based communications architecture, helps streamline grid operations, ensures optimal performance and effectively addresses overall system availability and security to meet the challenging requirements of substation and distribution automation. "Seamless communication is a key enabler of grid modernization. Ambient's unique ability to facilitate multiple smart grid applications and communications technologies, avoids single-use networks. Through facilitating interoperability and field-based data management utilizing common utility protocols, like IEC61850 and DNP3, we can have an impact on reducing overall network costs," said David Masters, Chief Technology Officer at Ambient Corporation. Ambient Corporation helps utilities modernize the grid with IP-based networking products and applications that integrate and connect existing and future grid assets on a secure, flexible, and scalable smart grid communications platform. Ambient's Smart Grid Node family enables real time data communication for multiple applications, in parallel: smart metering, distributed generation and storage, demand response, and distribution automation. Please contact Ambient for additional information regarding the communications protocols supported by the Ambient Smart Grid communications and applications platform or visit us at European Utility Week, Booth D54a, October 15 to 17, Amsterdam, The Netherlands. About Ambient CorporationAmbient 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 and Ambient Smart Grid are registered trademarks of Ambient Corporation. Ambient Smart Grid Node, Ambient MiniNode and Ambient MicroNode are trademarks of Ambient Corporation. SOURCE Ambient Corporation http://rt.prnewswire.com/rt.gif?NewsItemId=NY98489&Transmission_Id=201310160404PR_NEWS_USPR_____NY98489&DateId=20131016 |
