Duke Energy Selects Ambient Corporation's Technology for Next Phase of Smart Grid...

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Wed Sep 9, 2009 8:01am EDT

Duke Energy Selects Ambient Corporation's Technology for Next Phase of Smart
Grid Deployment
Duke Awards Smart Grid Contract to Ambient



 


BOSTON, Sept. 9 /PRNewswire-FirstCall/ -- Ambient Corporation (OTC Bulletin
Board: ABTG) today announced a long-term agreement with Duke Energy to provide
communication technologies for the utility's next phase of its smart grid
deployment. 

(Logo: http://www.newscom.com/cgi-bin/prnh/20090311/AMBIENTLOGO )

"Duke is pleased to expand our relationship with Ambient through the execution
of this agreement.  Ambient's two-way communication node advances our vision
of building a smart grid intelligent network that supports the integration of
numerous devices on the grid," said Todd Arnold, Duke Energy's SVP of Smart
Grid and Customer Systems.

The contract calls for Ambient to provide its X-series communications node as
the central communications technology to transmit data from residential and
commercial smart meters, and other applications back to the utility's network
operations center.  This communications node allows for the efficient
collection, analysis and management of energy demand through collected usage
data to promote more reliable, affordable and environmentally friendly
operations.  

"This contract continues a strong collaboration with Duke Energy from early
smart grid development projects begun in 2005," said John J. Joyce, President
and CEO of Ambient Corporation.  "We are pleased to work with Duke Energy to
provide a key component of its communications platform, helping to achieve its
vision for a smart grid network."

Duke Energy, one of the largest electric power companies in the United States,
has committed to building smart grid deployments over the next five years
throughout its service regions, and recently received regulatory approval for
an approximate 700,000 electric smart meter deployment in Ohio.  The company
also has plans for smart grid initiatives in Indiana, the Carolinas and
Kentucky.  (See Duke Energy's http://smartenergynewsroom.com).


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, and AmbientNMS are registered trademarks of
Ambient Corporation with the U.S. Patent and Trademark Office.

SOURCE  Ambient Corporation

Media, Anna E. Croop, Director, Corporate Communications of Ambient
Corporation, +1-617-614-6739, acroop@ambientcorp.com
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