Monday, May 21, 2007
CTS and Ambient Enter into Strategic Alliance !!!
"According to Ambient's Web site, its proprietary coupling and telecommunications technology will allow utilities to use their existing medium and low-voltage power lines as high-speed data pipelines, capable of delivering broadband Internet and telephony along with utility services such as outage reporting."
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CTS and Ambient Enter into Strategic Alliance
05.21.07, 7:03 AM ET
CTS Corporation (NYSE: CTS), a leading provider of electronic manufacturing services (EMS), and Ambient Corporation (OTCBB: ABTG), a leader in Broadband over Power Lines (BPL) solutions, announced today that they have entered into a strategic alliance, strengthening their relationship to meet Ambient's projected market demand and future requirements.
"CTS is excited about the potential of the BPL market and is pleased to be partnering with Ambient," stated Don Schroeder, President of CTS EMS. "Our EMS capabilities and expertise well compliment Ambient's engineering and design expertise, and together we are confident we can meet Ambient's scalability needs while still delivering the superior product Ambient requires."
This newest agreement allows Ambient to ensure volume production capability of its FCC-certified X2 BPL Access Node, for the foreseeable future. CTS provides full turnkey EMS services, including printed circuit board (PCB) assembly, box build integration and direct-ship logistics, from its facilities around the world.
John J. Joyce, President and CEO of Ambient stated, "Building from our experience with CTS and positioning Ambient with a strategic and global contract manufacturer is another important factor in building long-term stability for this market.
"Securing such a strong supply-chain partner has been crucial in the successful rollout of our deployments to date and demonstrates our ability to build the relationships necessary for ensuring a reliable long-term source for the manufacturing of our X2 node. CTS, as our contract manufacturer, reaffirms the commitment of delivering quality products to our customers," continued Mr. Joyce.
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.
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