Ambient Files Third Quarter 10-QSB.Company Continues to Build Value BOSTON -- Ambient Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ABTG ABTG AquaBio Tech Group ), a leader in Broadband over Power Lines Using the electric utility to provide Internet access. Also called "power line communications" (PLC), high-frequencies carrying data are superimposed over the low-frequency waves on the electrical transmission lines. (BPL) solutions, today announced the financial results for its third quarter ending September 30, 2006. The company achieved two major milestones during the third quarter of this year. First, the Company received a grant of BPL Equipment Authorization from the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. (FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. ) for its second-generation communication node, allowing Ambient to market, sell and install its newest generation of nodes for commercial deployment. Ambient's node was the first high-speed BPL access product to receive certification. Second, Ambient announced in September an expansion of the deployment begun earlier in the year with Duke Energy. The initial commercial build-out over the utility's electric distribution grid will encompass approximately 6,000 homes on two circuits and is part of an ongoing BPL deployment program. In connection with the deployment, the Company has received a purchase order for BPL equipment in the aggregate amount of approximately $3.5 million. Ambient intends to fulfill the purchase order through the first quarter of 2007. The Company also extended its agreement with San Diego Gas and Electric (SDG&E). SDG&E will be deploying Ambient's BPL access nodes and the latest version of Ambient's Network Management System. In August, the FCC issued their Memorandum Opinion and Order (MO&O), which is significant for Ambient and the BPL industry. The FCC's MO&O affirmed the FCC's technical rules set forth in 2004 for BPL systems and also found that the rules adequately protect authorized radio services, including Amateur Radio, from harmful interference. The MO&O establishes rules that promote broadband access and competition, and electric service efficiency and reliability. Ambient obtained a global supply-chain partner, CTS (1) (Clear To Send) The RS-232 signal sent from the receiving station to the transmitting station that indicates it is ready to accept data. Contrast with RTS. (2) (Common Type System) The data typing used in . Corporation, for its BPL Access Node. The agreement with CTS allows Ambient to ensure volume production capability, which can scale to meet marketplace demands. The Company also expanded their patent portfolio to eleven patents on power line technology and its application. Through three quarters in 2006, Ambient has recorded $903,000 in revenue. With the $3.5 million purchase order, the Company anticipates significant revenue growth over the remainder of the year. However, no assurance can be given that this will be the case due to standard cancellation and other terms detailed in the Company's SEC filings. A more detailed description of Ambient's business, its results of operations and financial statements are contained in the Quarterly Report on the 10-QSB filed on November 14, 2006, with the Securities and Exchange Commission. About Ambient Corporation Ambient Corporation, a development stage company and founding member of the Universal Powerline Association The Universal Powerline Association (UPA) is a trade association which covers all power line communication markets and all power line communication applications. The UPA aims to promote the growth of power line communication technology by delivering certified products that comply (UPA (Ultra Port Architecture) A high-speed interconnect between the CPU and memory from Sun. It uses a packet-switched crossbar architecture that can transfer more than 100 MBytes/sec. ), is a pioneer in the Broadband over Power Lines (BPL) industry. Engaged in the design, development and marketing of patented BPL equipment and technologies, Ambient's proprietary technology and in-depth industry experience is designed to provide optimal solutions for the Utility and Multi-Dwelling Unit (MDU (1) (Multiple Dwelling Unit) A commercial or residential building with multiple offices or apartments. See BLEC. (2) (Multiply-Divide Unit) A high-speed circuit that performs multiplication and division within the CPU. ) markets. Headquartered in Newton, MA, Ambient 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. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: ABTG). Visit Ambient at www.ambientcorp.com. 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 Securities and Exchange Commission, including, without limitation, the Company's most recent reports on Form 10-KSB and 10-QSB and are referred to such reports for important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including (without limitation), the Company's need to raise additional financing, its limited operating history, risks related to the commercial deployment of the Company's BPL Solutions and risks related to the management of anticipated growth. Ambient assumes no obligation to update any forward-looking statements. Ambient is a trademark of Ambient Corporation registered in the U.S. Patent and Trademark Office. |
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