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The Company, working with Jones Lang La Salle, chose a site that enables Ambient to continue its projected growth and afford for proper expansion of key resources. The Company's lease continues through 2012.
John J. Joyce, President and CEO of Ambient Corporation, stated, "We continue to position the Company for growth and expansion both through our business relationships as well as facilities. Taking advantage of this period just prior to an anticipated growth in smart grid opportunities was important to minimize the normal disruptions that a move brings to operations. The new location also allows for more space and better in-house facilities for product development and testing."
Ambient Corporation provides the central communications technology for the smart grid, helping utilities connect their customers to a host of new lower cost, environmentally friendly smart grid devices and applications.
For more information and photos, please visit www.ambientcorp.com/move.html
About Ambient Corporation
Ambient designs, develops and markets Ambient Smart Grid((R)) communications technologies and equipment. Using 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 (OTC Bulletin Board: 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, changes in economic conditions generally and our market specifically, 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 availability and sufficiency of working capital, introduction of competing products and the risks and uncertainties discussed under the heading "RISK FACTORS" in Item 1 of our Annual Report on Form 10-K for the fiscal year ended December 31, 2008, 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.
SOURCE Ambient Corporation
http://www.ambientcorp.com
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