Thursday August 30, 9:57 am ET
BOSTON--(BUSINESS WIRE)--Ambient Corporation (OTCBB: ABTG - News), a leader in Broadband over Power Lines (BPL) solutions, announced today that it has retained OTC Financial Network, a division of National Financial Communications Corp. (NFC), for comprehensive investor relations services.
NFC President Geoffrey Eiten said, "Ambient's patented 'green' BPL technology is set to transform the world's electric distribution grids into smart, powerful, high-speed communication networks. Its FCC-certified product portfolio deploys the latest Internet Protocol services over existing power line infrastructures to help utilities and multiple dwelling units increase the reliability and control of electricity generation, while lowering operating and capital costs."
"Major utilities are currently conducting field tests, including Duke Energy, Entergy, FirstEnergy, Consolidated Edison (ConEdison), and San Diego Gas & Electric, and provide an early indication of the Company's impressive growth potential. As utilities increasingly recognize the value in 'smart grids,' Ambient stands to quickly gain market share and offers one of today's most compelling investment opportunities," Eiten added.
John J. Joyce, President and CEO of Ambient, stated, "We look forward to attracting new members of the financial community and enhancing our shareholder communications through a partnership with OTC Financial Network."
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