October 18, 2006 08:30:00 AM ET
Ambient Obtains Global Supply-Chain Partner
CTS and Ambient Enter Agreement for Volume Production of X2 Nodes
BOSTON--(BUSINESS WIRE)--Ambient Corporation (OTCBB:ABTG - News), a leader in Broadband over Power Lines (BPL) solutions, and CTS Corporation (NYSE:CTS - News), a leading provider of electronic manufacturing services, today announced that they have entered into a Memorandum of Understanding related to production of Ambient's X2 BPL Access Node.
The agreement with CTS allows Ambient to ensure volume production capability, which can scale to meet marketplace demands. CTS will provide full turnkey EMS services, including PCB assembly, box build integration and direct-ship logistics from its New Hampshire facility. Through this agreement CTS represents a strategic global supply-chain partner with multi-national and multi-plant capabilities for Ambient.
"CTS is delighted to be awarded this program," stated Don Schroeder, President of CTS EMS, "The X2 node is a leading-edge broadband product and we believe that our long-term experience within the technology-driven networking sector will serve Ambient well, and we look forward to building a strong partnership in the future."
"Securing a reliable source for one of the key components in our network architecture is one of the key pieces of the puzzle in meeting ever-increasing market demand for our FCC-certified product," commented John J. Joyce, President and CEO of Ambient Corporation. "Finding the right companies to work with, whether it be a utility or manufacturer, is crucial for this industry's success. As a leader in this industry, we are proud to have such a strong supply-chain partner."
About CTS
CTS is a leading designer and manufacturer of electronic components and sensors and a provider of electronics manufacturing services (EMS) to OEMs in the automotive, computer, communications, medical and industrial markets. CTS manufactures products in North America, Europe and Asia. CTS' stock is traded on the NYSE under the ticker symbol "CTS." To find out more, visit the CTS Web site at www.ctscorp.com.
About Ambient Corporation
Ambient Corporation, a development stage company and founding member of the Universal Powerline Association (UPA), is a pioneer in the Broadband over Power Lines (BPL) industry. Engaged in the design, development and marketing of patented BPL equipment and technologies, Ambient's proprietary technology and in-depth industry experience is designed to provide optimal solutions for the Utility and Multi-Dwelling Unit (MDU) markets. Headquartered in Newton, MA, Ambient is a publicly traded company (OTCBB:ABTG - News). Visit Ambient at www.ambientcorp.com.
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CTS Signs EMS Deal with Ambient
ReplyDeleteBy Mike Buetow
Wednesday, 18 October 2006
BOSTON -- Ambient Corp. will outsource electronics production of its X2 BPL Access Node to CTS Corp.,the companies said today. Under the deal, CTS will provide turnkey EMS services including box-build and direct-ship logistics from its New Hampshire facility.
No financial terms were announced.
The agreement ensures scalable volume production for Ambient.
CTS EMS president Don Schroeder said in a press statement, "The X2 node is a leading-edge broadband product and we believe that our long-term experience within the technology-driven networking sector will serve Ambient well, and we look forward to building a strong partnership in the future."
http://circuitsassembly.com/cms/content/view/4040/95/