Science & Technology
Science and Technology
Science and Technology
Tue, February 3, 2009 Ambient Announces Business Development Expansion
SAN DIEGO--([ BUSINESS WIRE ])--Ambient Corporation (OTCBB: ABTG) announced today from Distributech 2009 the expansion of its business development department to meet the increasing interest and opportunities in deploying smart grid systems.
Ambient's new Vice President of Business Development, Douglas T. McMurray, will be working closely with President and CEO John J. Joyce and CTO Ram Rao, in developing Ambient's strategy for introducing the next generation of Ambient developed smart grid technology to North American utilities. With the recent increase in national awareness for the need to deploy smart grid technology, evidenced by the favorable smart grid legislation at both the federal and state levels, Ambient chose this time to strengthen the management team for the purpose of increasing awareness of its products and services within the utility industry.
Mr. McMurray has over fifteen years of experience and industry knowledge in the telecommunications and utility sectors. Most recently, Mr. McMurray served as the Director of Business Development for PacketFront, a world leader in automating and managing the delivery of multiple-services over an IP network, where he had the primary responsibility of developing and leading the company in various fiber strategies for North America. Earlier in his career, Mr. McMurray, as an entrepreneur, launched a successful Internet service provider, later selling the company to a subsidiary of IDACORP (NYSE: IDA), a holding company comprised of Idaho Power Company, a regulated electric utility.
Additionally, Ambient has promoted Mr. Jay Ganson to Manager, Business Development and Environmental Affairs, working directly with Mr. McMurray. Mr. Ganson has been with the Company for four years and represents Ambient on many industry organizations. This internal move builds upon his background in environmental management, and previous position tracking key players and keeping the Company abreast of legislative policy within the smart grid industry.
Today's announcement represents a further indication of Ambient's growing strength in the evolving smart grid market. In addition to Mr. McMurray, the Ambient team has seen growth in both engineering and manufacturing as Ambient develops and brings to market one of the most flexible smart grid communication platforms available to the market.
Mr. Joyce stated, "We are pleased to have Doug join the management team at this time. His experience will compliment our existing management team and enable Ambient to increase focus on, and develop, commercial opportunities in 2009 and beyond."
Please come visit us at Verizon Wireless' booth at Distributech, February 3rd to the 5th to see Ambient's newest communications node, the X-3000 and speak to the Company.
About Ambient Corporation
Ambient designs, develops and markets Ambient Smart Grid™ 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 (OTCBB: ABTG). More information on Ambient is available at [ www.ambientcorp.com ].
This press release contains forward-looking statements that involve substantial uncertainties and risks.These forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry, and that reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, market acceptance of new products, changes in economic conditions generally and the smart grid market specifically, changes in technology, legislative or regulatory changes that affect us, the introduction of competing products and services, capital expenditure plans, the availability and sufficiency of working capital, and the risks and uncertainties discussed under the heading "RISK FACTORS" in Item 1 of our Annual Report on Form 10-KSB for the fiscal year ended December 31, 2007, and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.
Ambient, Ambient Smart Grid, It's Time to Teach an Old Grid New Tricks and AmbientNMS are registered trademarks of Ambient Corporation with the U.S. Patent and Trademark Office.
