Ambient Corporation Moves Headquarters
10 August 2009 - 5:00PM
PR Newswire (US)
New 20,000 sq ft Location to Accommodate Growth and R&D BOSTON,
Aug. 10 /PRNewswire-FirstCall/ -- Ambient Corporation (OTC Bulletin
Board: ABTG) announced today that it has moved its corporate
headquarters to 7 Wells Avenue in Newton, Massachusetts, enlarging
both its business and R&D facilities. (Logo:
http://www.newscom.com/cgi-bin/prnh/20090311/AMBIENTLOGO ) 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
http://www.ambientcorp.com/move.html About Ambient Corporation
Ambient designs, develops and markets Ambient Smart Grid
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:ABTG)
(BULLETIN BOARD: ABTG) . More information on Ambient is available
at http://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.
http://www.newscom.com/cgi-bin/prnh/20090311/AMBIENTLOGO
http://photoarchive.ap.org/ DATASOURCE: Ambient Corporation
CONTACT: Anna E. Croop, Director, Corporate Communications of
Ambient Corporation, +1-617-614-6739, Web Site:
http://www.ambientcorp.com/
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