Ambient Corporation and Bel Fuse Inc. Enter Alliance
2009年4月14日 - 9:00PM
PRニュース・ワイアー (英語)
New Partnership to Support Growth in Smart Grid Deployments JERSEY
CITY, N.J. and BOSTON, April 14 /PRNewswire-FirstCall/ -- Bel Fuse
Inc. (Nasdaq: BELFA & BELFB) and Ambient Corporation (OTC:
ABTG) (BULLETIN BOARD: ABTG) , announced today the formalization of
their relationship through a master supply and alliance agreement
to enable the development of products that will help accelerate
smart grid deployments. With the execution of this agreement, the
two companies will combine and leverage their individual strengths
to bring smart grid solutions of the future to the electric utility
market. (Logo:
http://www.newscom.com/cgi-bin/prnh/20090311/AMBIENTLOGO ) "Bel has
a long tradition of innovation, developing cost-effective
techniques for high volume manufacturing. Their history and
reputation as a world class manufacturer who successfully partners
with global technology leaders, makes them an ideal partner for
Ambient," stated John J. Joyce, President and CEO of Ambient
Corporation. Bel and Ambient have design engineers dedicated to
identifying, developing, and ultimately manufacturing optimized
solutions for Ambient's utility clients. An aggressive development
program enabling rapid and timely delivery of volume orders has
been established to support next-generation communications node
development and delivery. Together, the two companies are well
positioned to successfully launch present and future products of
the Ambient Smart Grid(TM) product line. Daniel Bernstein,
President and CEO of Bel Fuse Inc., stated, "We are pleased to form
this alliance which represents an expansion of our expertise with
power line products. It's a natural progression to smart grid
technology and we're excited to be partnering with Ambient to bring
new solutions to this market." About Bel Bel
(http://www.belfuse.com/) and its divisions, including Bel Power,
are primarily engaged in the design, manufacture, and sale of
products used in networking, telecommunications, high-speed data
transmission, and consumer electronics. Products include magnetics
(discrete components, power transformers and MagJack connectors
with integrated magnetics), modules (DC-DC converters, integrated
analog front-end modules, custom designs), circuit protection
(miniature, micro and surface mount fuses) and interconnect devices
(passive jacks, plugs and cable assemblies). The Company operates
facilities around the world. About Ambient Corporation Ambient
designs, develops and markets Ambient Smart Grid(TM) communications
technologies and equipment. Using 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 (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 our 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 1A of the Ambient and Item 1A of the Bel 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 of Corporate Communications of
Ambient Corporation, +1-617-614-6739, ; or Donna Marganella,
Marketing Communications Manager of Bel Fuse Inc., +1-585-676-9650,
Ext. 108, Web Site: http://www.ambientcorp.com/
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