A new report by Innovation Observatory, more than $378 billion will be collectively invested in building electricity smart grids by 2030. Sources: Http://Xrl.Us/Bii2sf http://xrl.us/bigqfh

Wednesday, September 29, 2010

Ambient Expands Smart Grid Deployments in Ohio Ramps Capacity to Meet Increasing Demand

Ambient Expands Smart Grid Deployments in Ohio
Ramps Capacity to Meet Increasing Demand

BOSTON, Sept. 29 /PRNewswire/ -- Ambient Corporation (OTC Bulletin Board:ABTG.ob - News) today announced that it has ramped up manufacturing capacity to meet the increasing demand for its products. Ambient is positioned to meet the recent increase in purchase orders, currently totaling over 44,000, for the X-3100 smart grid nodes. The company continues to further increase capacity for additional anticipated orders.

In Ohio, Ambient's field deployed nodes are today collecting and transmitting data to/from more than 100,000 electric and 60,000 gas meters. Earlier this month, DOE Secretary Steven Chu took note of Ohio's smart meter progress and explained that smart grid deployments create a more reliable, modern electrical grid and eventually enable consumers to monitor and control their energy use. Ambient's node is a key component in smart grid deployments that are intended to bring these benefits to over 750,000 consumers.

To date, Ambient has shipped approximately 25,000 IP-based smart grid communications nodes (from previously received orders), with over 17,000 of these nodes deployed in multiple locations in the United States.

"The ongoing deployments, successful scaling and continuous management of the deployments using Ambient's network management software, represent a strong endorsement of the Ambient Smart Grid platform," stated Ram Rao, Ambient's CTO. "The deployments demonstrate our belief and commitment in the network architecture for managing the grid system, allowing for a more efficient delivery of electricity and gas to utility customers."

Having experienced more than four consecutive quarters of growth, the Company is continuing to add essential resources to enhance its smart grid communications portfolio of products and expand its customer base.

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