Ambient Corporation and ELO Sistemas Eletronicos Partner to Bring
Advanced Smart Grid Solutions to South America
NEWTON, Mass. and SAO PAULO, Nov. 8,
2012 /PRNewswire/ -- Ambient Corporation (NASDAQ:
AMBT), provider of a secure, flexible and scalable smart grid
communications and applications platform, and ELO Sistemas
Eletronicos, a leading metering technology provider based in
Brazil, together announced their
partnership to bring smart grid communications technology to
South America. The partnership
combines Ambient Smart Grid® Platform communications
technology and network management software with ELO's leadership
position in electronic meters and smart meter solutions.
(Logo: http://photos.prnewswire.com/prnh/20090311/AMBIENTLOGO
)
Ambient's flexible platform enables utilities to deploy and
integrate multiple smart grid applications and technologies, in
parallel, on a single communications infrastructure. Delivering
best in class, end-to-end smart grid technology solutions, Ambient
partners with systems integrators, smart grid technology vendors
and communications service providers.
The partnership will enable ELO to bring advanced communications
technologies for smart meter reading applications to their utility
customers. The two companies expect to have the integrated system
ready for pilot in 2012 in preparation for volume rollouts
beginning in 2013.
"We are excited to provide our customers with the added benefits
of Ambient's IP, standards-based, open platform architecture
ensuring interoperability of technologies," said Marcos Rizzo, Vice President, Business
Development for ELO Sistemas Eletronicos. "By leveraging Ambient's
communications platform, we will deliver greater grid visibility,
control and financial returns for our customers."
This partnership permits ELO to sell and deploy Ambient
Corporation's award-winning technology platform, allowing ELO to
respond quickly, cost-effectively and efficiently to a wide range
of utility needs.
"The leading solutions provider in Brazil and throughout South America, ELO is well positioned for
growth in this emerging market," said Jim
Fisher Vice President, Business Development for Ambient
Corporation. "ELO is building a robust partnership program to
better position themselves which we are pleased to be
collaborating."
About Ambient Corporation
Ambient designs, develops
and sells the Ambient Smart Grid® communications
platform. The Ambient Smart Grid products and services include
communications nodes; a network management system,
AmbientNMS®; integrated applications; and maintenance
and consulting services. Using open standards-based
technologies along with in-depth industry experience, Ambient
provides utilities with solutions for their smart grid initiatives.
Headquartered in Newton, MA,
Ambient is a publicly traded company (NASDAQ: AMBT). More
information on Ambient is available at www.ambientcorp.com.
Except for historical information, this press release contains
statements that may be deemed to be "forward-looking statements"
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These include statements
relating to the diversification of our customer base, the
introduction of new products, further development and marketing of
our communications platform and cultivating projects with potential
customers, among others. These forward-looking statements are based
upon our current expectations, estimates and projections about our
business and our industry and 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, which could have a material adverse effect on our
operations and future prospects including, but not limited to, our
ability to retain and attract customers, particularly in light of
our dependence on a single customer for substantially all of our
revenue; our expectations regarding our expenses and revenue,
including our expectations that our research and development
expenses and selling, general and administrative expenses may
increase in absolute dollars; our material weakness in internal
control over financial reporting; anticipated trends and challenges
in our business and the markets in which we operate, including the
market for smart grid technologies; our expectations regarding
competition as more and larger companies enter our markets and as
existing competitors improve or expand their product offerings; our
plans for future products and enhancements of existing products and
market acceptance of these products; realizing expected sales from
our backlog of orders; our ability to meet new customers' quality
standards, specifications, process-related performance requirements
or delivery schedules; our anticipated cash needs and our estimates
regarding our capital requirements; and our anticipated growth
strategies. We undertake no obligation to publicly update or revise
any forward-looking statements. Further information on the
company's risks and uncertainties is available in our filings with
the Securities and Exchange Commission.
Ambient®, Ambient Smart Grid® and
AmbientNMS® are registered trademarks of Ambient
Corporation with the U.S. Patent and Trademark Office. Ambient
MiniNode, Ambient MicroNode and AmbientPQM are trademarks of
Ambient Corporation.
About ELO Sistemas Eletronicos
Founded in 1980, ELO
Sistemas Eletronicos is a leading metering provider for the
Latin America market. With offices
in Brazil and Chile, ELO is recognized as a key supplier of
quality electronic equipment and systems to the Brazilian and Latin
American electricity supply market. ELO provides integrated product
and system packages to utilities to automate processes, such as the
collection and treatment of metering data. ELO is a recognized
leader and innovator in the Brazilian energy market. More
information about ELO can be found at http://www.elonet.com.br
SOURCE Ambient Corporation