Ambient Corporation and Bel Fuse Inc. Enter Alliance
April 14 2009 - 8:00AM
Business Wire
Bel Fuse Inc. (NASDAQ: BELFA)(NASDAQ: BELFB) and Ambient
Corporation (OTCBB: 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.
�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� 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 powerline 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 (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�
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 (OTCBB: ABTG).
More information on Ambient is available at
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.