Thursday, May 24, 2007
AMBIENT DISCUSSES THE FUTURE AT ITS ANNUAL MEETING
Boston, MA, May 24, 2007 - Ambient Corporation (OTCBB: ABTG), a leader in Broadband over Power Lines (BPL) solutions, announced that it held its annual meeting of stockholders today. The meeting included a recap of the Company’s activities in 2006 and a discussion of its future plans. Additionally, the Company announced that all proposals to be voted on by stockholders at the meeting passed with a greater than 88% approval.
Ambient’s President and CEO, John J. Joyce, outlined in his annual presentation the Company’s four main goals and objectives over the next year:
• Grow Revenue
• Enhance Ambient’s Technology and Protect its Intellectual Property
• Foster the Creation of Industry Standards
• Stabilize the Capital Structure
Mr. Joyce’s presentation given at the annual meeting is viewable at www.ambientcorp.com.
Ambient is currently conducting field trials, pilot demonstrations and commercial roll outs with major electric utilities that serve in aggregate over 15 million electric customers. These projects, which involve Ambient’s suite of BPL products, are directed towards a variety of goals including developing and demonstrating a BPL communication channel that enables Smart Grid utility applications, residential and multi-dwelling unit consumer broadband Internet access, and successful operation of Ambient’s next generation hardware products and network management software.
“By enabling BPL technology for utilities to improve energy and operational efficiency, especially in an aging grid infrastructure, Ambient has positioned itself as a leading innovator in delivering Smart Grid capabilities. Ambient will continue to focus on the development of new applications and products for the Smart Grid as well as deployments with our utility and technology partners. We also continue to strengthen our existing relationships and will seek additional partners as needed,” stated Mr. Joyce.
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