NEWS! Node finally going to production, great manufacturer too.
ABTG Ambient Obtains Global Supply-Chain Partner [GLSKVHC]
BOSTON--(Business Wire)--Ambient Corporation (OTCBB:ABTG), a leader in Broadband over Power
Lines (BPL) solutions, and CTS Corporation (NYSE:CTS), a leading
provider of electronic manufacturing services, today announced that
they have entered into a Memorandum of Understanding related to
production of Ambient's X2 BPL Access Node.
The agreement with CTS allows Ambient to ensure volume production
capability, which can scale to meet marketplace demands. CTS will
provide full turnkey EMS services, including PCB assembly, box build
integration and direct-ship logistics from its New Hampshire facility.
Through this agreement CTS represents a strategic global supply-chain
partner with multi-national and multi-plant capabilities for Ambient.
"CTS is delighted to be awarded this program," stated Don
Schroeder, President of CTS EMS, "The X2 node is a leading-edge
broadband product and we believe that our long-term experience within
the technology-driven networking sector will serve Ambient well, and
we look forward to building a strong partnership in the future."
"Securing a reliable source for one of the key components in our
network architecture is one of the key pieces of the puzzle in meeting
ever-increasing market demand for our FCC-certified product,"
commented John J. Joyce, President and CEO of Ambient Corporation.
"Finding the right companies to work with, whether it be a utility or
manufacturer, is crucial for this industry's success. As a leader in
this industry, we are proud to have such a strong supply-chain
partner."
About CTS
CTS is a leading designer and manufacturer of electronic
components and sensors and a provider of electronics manufacturing
services (EMS) to OEMs in the automotive, computer, communications,
medical and industrial markets. CTS manufactures products in North
America, Europe and Asia. CTS' stock is traded on the NYSE under the
ticker symbol "CTS." To find out more, visit the CTS Web site at
www.ctscorp.com.
About Ambient Corporation
Ambient Corporation, a development stage company and founding
member of the Universal Powerline Association (UPA), 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) markets. Headquartered in Newton, MA,
Ambient is a publicly traded company (OTCBB: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 SEC, including
the company's most recent report on Form 10-KSB and 10-QSB, which
identify important risk factors that could cause actual results to
differ from those contained in the forward-looking statements. 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.
Ambient Corporation
Anna E. Croop, 617-614-6739
Director of Corporate Communications
acroop@ambientcorp.com
OR
CTS Corporation
Vinod M. Khilnani, Senior Vice President and Chief
Financial Officer, or
Mitchell J. Walorski, Director of Investor Relations
Telephone 574-293-7511
Fax 574-293-6146
Copyright Business Wire 2006
18Oct06 12:31 GMT
Symbols:
us;ABTG us;CTS
Source BW Business Wire
Categories:
MST/I/ALC MST/I/CPM MST/I/EMS MST/I/TEL MST/L/EN MST/R/NME MST/R/US
MST/R/US/IN MST/R/US/MA MST/R/US/NH TGT/BWB
