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Ambient Corporation Awarded Contract by Consolidated Edison to Provide Application and Communications for Commercial and



    Ambient Corporation Awarded Contract by Consolidated Edison to Provide
    Application and Communications for Commercial and Industrial Customers

Smart Grid Nodes to communicate with the Commercial and Industrial meters to
retrieve power quality and billing data

PR Newswire

NEWTON, Mass., July 9, 2013

NEWTON, Mass., July 9, 2013 /PRNewswire/ -- Ambient Corporation (NASDAQ:AMBT),
provider of a secure, flexible, and scalable communications and applications
platform, today announced that Consolidated Edison Company of New York, Inc.
(NYSE:ED) has contracted Ambient® to provide application development and
communications equipment to replace discontinued technology for commercial and
industrial metering. Following a year of testing and a successful pilot, this
contract award signals the acceptance of the Ambient solution for a roll-out
to further locations across the New York City area.

(Logo: http://photos.prnewswire.com/prnh/20090311/AMBIENTLOGO)

"Consolidated Edison needed a solution to interface with Commercial and
Industrial  (C&I) meters at remote customer premises to collect and transmit
data directly to their control center. Ambient's Smart Grid Nodes were
selected due to their ability to meet all the specified criteria," stated
David Masters, Ambient's Chief Technology Officer. "In addition, Ambient
developed an application hosted locally on our node to collect, store, and
transmit data from the meters."

"It is a testament to the versatility of our communications and applications
platform that Consolidated Edison selected Ambient for this commercial and
industrial project," said John J. Joyce, President and CEO of Ambient
Corporation.

Ambient Corporation helps utilities modernize the grid with IP-based
networking products and applications that integrate and connect existing and
future grid assets on a secure, flexible, and scalable smart grid
communications platform. Ambient's Smart Grid Node family enables real-time
data communication for multiple applications, in parallel: smart metering,
distribution automation, power quality monitoring for voltage optimization,
and more.

About Ambient Corporation
Ambient designs, develops and sells the Ambient Smart Grid® ^ communications
and applications platform. The Ambient Smart Grid products and services
include communications nodes; a network management system, AmbientNMS®;
integrated applications; and maintenance and consulting services. Using open
standards-based technologies along with in-depth industry experience, Ambient
provides utilities with solutions for smart grid initiatives. Headquartered in
Newton, MA, Ambient is a publicly traded company (NASDAQ: AMBT). More
information on Ambient is available at www.ambientcorp.com.  

Except for historical information, this press release contains statements that
may be deemed to be "forward-looking statements" made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
These include statements relating to the diversification of our customer base,
further development and marketing of our communications platform and
cultivating projects with potential customers, among others. These
forward-looking statements are based upon our current expectations, estimates
and projections about our business and our industry and 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, which could have a material adverse effect on our operations and
future prospects including, but not limited to, continuing compatibility of
our platform with new utility applications and requirements, our ability to
retain and attract customers, particularly in light of our dependence on a
single customer for substantially all of our revenue; our expectations
regarding our expenses and revenue, including our expectations that our
research and development expenses and selling, general and administrative
expenses may increase in absolute dollars; anticipated trends and challenges
in our business and the markets in which we operate, including the market for
smart grid technologies; our expectations regarding competition as more and
larger companies enter our markets and as existing competitors improve or
expand their product offerings; our plans for future products and enhancements
of existing products; our anticipated cash needs and our estimates regarding
our capital requirements; and our anticipated growth strategies. We undertake
no obligation to publicly update or revise any forward-looking statements.
Further information on the company's risks and uncertainties is available in
our filings with the Securities and Exchange Commission.

Ambient, AmbientNMS and Ambient Smart Grid are registered trademarks of
Ambient Corporation.

SOURCE Ambient Corporation

Website: http://www.ambientcorp.com
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