Tollgrade Signs Interoperability and Co-Marketing Agreement With Ambient Corporation
March 22 2010 - 12:21PM
Tollgrade Communications, Inc. (Nasdaq:TLGD), a leading supplier of
service assurance products and solutions, today announced that it
has completed an interoperability and co-marketing agreement with
Ambient Corporation (OTCBB:ABTG), a pioneering integrator of smart
grid communications platforms, headquartered in Newton, MA. The
joint offering will empower electric power utilities with real-time
grid intelligence via a robust communications network, enabling
them to improve overall efficiency and reliability of energy
delivery.
The companies have collaborated to integrate Tollgrade's
LightHouse™ software agent and the Ambient Smart Grid® Node,
enabling the LightHouse sensors to leverage the communications and
remote management services available on the Node. Customers who
purchase the joint solution can now deploy LightHouse sensors for
outage notification, real-time fault detection and location, and
continuous load monitoring and also have the ability to integrate
other smart grid applications, such as AMR/AMI, distribution
automation, and outage management systems. The Ambient Smart Grid®
platform enables the building of an IP network utilizing a variety
of standards based technologies to aggregate and transport data
from all the smart grid applications.
"The integration of these two innovative products will enable
electric power utilities to have the real-time intelligence they
need to manage the distribution network and proactively identify
and correct network troubles," said Joseph Ferrara, Tollgrade's
President and CEO.
John J. Joyce, President and CEO, Ambient Corporation, added,
"In today's Smart Grid market, such collaborative efforts between
companies such as Tollgrade and Ambient demonstrates what is
required to form best-in-class solutions that will create
opportunities for faster adoption of new technologies and
realization of smart grid efficiencies."
For a discussion regarding the joint solution, which is
available for deployment immediately, stop by the Verizon Wireless
and Ambient shared booth 139 at DistribuTECH, March 23-25, Tampa
FL.
About Tollgrade Communications, Inc.
Tollgrade Communications, Inc. is a leading provider of service
assurance products and services for centralized test systems around
the world. Tollgrade designs, engineers, markets and supports
advanced sensor technologies to provide electric power utilities
with continuous grid intelligence. This intelligence provides
utilities with the critical information about the state of the
distribution grid between the substation and the meter, enabling
them to provide service assurance to their customers. For more
information, visit Tollgrade's web site at www.tollgrade.com.
The Tollgrade Communications, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7127
About Ambient Corporation
Ambient designs, develops and markets Ambient Smart Grid®
communications technologies and equipment. Utilizing Internet
protocol-based open standards 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
(OTCBB:ABTG). For more information, please visit Ambient at
www.ambientcorp.com.
Forward-Looking Statements
The foregoing release contains "forward-looking statements"
regarding future events or results within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. The Company
cautions readers that such "forward-looking statements" are, in
fact, predictions that are subject to risks and uncertainties and
that actual events or results may differ materially from those
anticipated events or results expressed or implied by such
forward-looking statements. The Company disclaims any current
intention to update its "forward-looking statements," and the
estimates and assumptions within them, at any time or for any
reason. In particular, the following factors, among others could
cause actual results to differ materially from those described in
the "forward-looking statements": (a) the inability to complete or
possible delays in completing certain research and development
efforts that may be required for product release and general
availability; and (b) our dependence upon a limited number of third
party subcontractors to manufacture certain aspects of the products
or third party software providers for the products we sell,
including the products which are the subject of this
release. Any number of factors that could cause actual events
or results to differ materially from those contained in the
"forward-looking statements" is included in the Company's filings
with the U.S. Securities and Exchange Commission (the "SEC")
including, but not limited to, the Company's Form 10-K for the year
ended December 31, 2008 and any subsequently filed reports. All
documents are also available through the SEC's Electronic Data
Gathering Analysis and Retrieval system at www.sec.gov or from the
Company's website at www.tollgrade.com
CONTACT: Tollgrade Communications, Inc.
Communications:
Amy Baker
724-612-5137
abaker@tollgrade.com