BOSTON, Apr 16, 2008 (BUSINESS WIRE) -- Ambient Corporation (ABTG, Trade ) announced today that it has received a purchase order for 9,000 units of its newest communications node, the X-2000. The purchase order is from the contract announced by Ambient earlier this month. With a maximum value of $11.0 million, the purchase order includes licensing of Ambient's Network Management System, AmbientNMS(TM), and engineering support in building out an intelligent grid/intelligent-metering platform.
"Ambient will be supporting utility applications for smart grid and Utility of the Future initiatives. Initially, we will be building out the communications platform, Ambient Smart Grid(TM), for "last mile" backhaul supporting the utility's plan to reach approximately 50,000 end points," stated John J. Joyce, President and CEO of Ambient.
A communications platform such as the Ambient Smart Grid(TM) is necessary for utilities to implement a full suite of smart grid applications, which include Advanced Meter Reading (AMR), real-time pricing, Demand Side Management (DSM) and direct load control. When combined, these applications can offer economic, operational and environmental benefits for utilities and utility customers. This platform helps utilities meet growing energy demand with their existing legacy systems by increasing the efficiency and functionality of the electrical distribution grid.
About Ambient Corporation
Ambient designs, develops and markets Ambient Smart Grid(TM) communications technologies and equipment. Utilizing proprietary, open standards-based technologies along with in-depth industry experience, Ambient provides utilities with solutions for creating smart grid communication platforms and technologies. Headquartered in Newton, MA, Ambient is a publicly traded company (ABTG, Trade ). More information on Ambient is available at www.ambientcorp.com .
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