Ambient Corporation Forms PLT Solutions Inc. Subsidiary to Launch System That Supplies High Speed Internet Services Over Power Lines.Business Editors NEW YORK--(BUSINESS WIRE)--March 29, 2000 Ambient Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: ABTG ABTG AquaBio Tech Group ) announced the establishment of PLT PLT psittacosis-lymphogranuloma venereum-trachoma (group); see Chlamydia. PLT psittacosis-lymphogranuloma venereum-trachoma (group). Solutions Inc. (the "Company"), a wholly owned U.S. subsidiary, to promote cutting-edge technology designed to facilitate the launch of Power Line Telecommunication (PLT). The Company's PLT technology is designed to facilitate the use of existing electric power lines for Internet, telephone and high-speed data transfer. The Company's proprietary technology overcomes certain infrastructure limitations and contributes to make PLT more economically viable as the prime broadband channel for homes and offices. Ambient Corporation has recruited an outstanding and highly experienced management and technical team led by CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Michael Braunold, formerly Senior Corporate Director of Business Development and Vice President of Scitex Corporation Ltd. and CEO of SPO SPO System(s) Program Office SPO System(s) Project Office Spo Schizosaccharomyces Pombe SPO Srpski Pokret Obnove Medical Equipment Ltd. "Power Line Telecommunication technology opens the telecommunications business to the electric utilities," said Braunold. "Using the Company's unique proprietary technology, it will provide a more cost-effective way to supply telecommunication and high speed Internet access to homes around the world." PLT technology also features the capability to turn the electric wiring in any home or small office into a communications network, thereby converting them into smart homes and offices. PLT technology is extremely attractive since only existing electrical wiring is required. The Company is in preliminary discussions with companies in both the US and Japan for the commercialization of it's technology. About Ambient: Ambient Corporation (OTC BB:ABTG) is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. incorporated in the United States that invests in and operates technology companies in both Israel and US, focusing on E-commerce, Internet, Power Line Telecommunication (PLT) and telephony-related product offerings for a variety of exciting new consumer applications. This press release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Ambient Corporation with the SEC, including the company's most recent report on Form 10-K and 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Ambient is a trademark of Ambient Corporation registered in the U.S. Patent and Trademark Office. For more information, contact Alan Weinberg, TEL TEL Telephone TEL Telegram TEL Telugu (langauge) TEL Terrorist Exclusion List TEL Technology-Enhanced Learning TEL Transporter-Erector-Launcher TEL Tetra-Ethyl Lead TEL Team Deutsche Telekom : +1-888-861-0205, EMAIL See e-mail. : aryeh@ambient.co.il or visit us at: www.ambient.co.il |
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