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Former New York State Attorney General Robert Abrams Appointed to Ambient Corporation Advisory...
In the second major announcement in as many days, Ambient Corporation (OTC BB:ABTG), the world leader in Powerline Telecommunication technology (PLT), announced today that former four-term New York State Attorney General Robert Abrams has accepted a seat on its Advisory Board.
Mr. Abrams who served as New York State's highest law enforcement official for thirteen years, has also served as President of the National Association of Attorney Generals, heading its committees on Environmental Protection, Anti-trust, and Civil Rights. He currently is a partner at the law firm of Stroock & Stroock & Lavan LLP, where he has been involved in government regulatory matters. Mr. Abrams will be added to the team advising Ambient on legislative and regulatory issues, and is expected to play a key role in the increasingly impressive member roster of the Ambient Corp. Advisory Board.
Mark Isaacson CEO of Ambient Corporation stated, "Attorney General Abrams has over 28 years in public service. Bob has earned a well-deserved reputation for unparalleled dedication, commitment, and integrity. As we move into the legislative and regulatory areas of this revolutionary and disruptive technology, and as Ambient is already the leading company in the arena, Bob's vast experience and knowledge will be both useful and additive. I know he will be dedicated to our efforts. We are very proud to welcome him aboard." Robert Abrams joins an exclusive and qualitative group on the Ambient Advisory Board. Former United States Minnesota Senator Rudy Boschwitz, former United States Louisiana Senator and Chairman of the Senate Committee on Energy and Natural Resources, J. Bennett Johnston, and Dr. Oleg Vorontsov PhD., former adviser and special consultant to Russian President Boris Yeltsin's presidential campaign and former advisor to the Russian Olympic Committee, whose appointments to the Ambient Advisory Board were previously announced. Last July Consolidated Edison Company of New York (NYSE:ED), the nations largest investor-owned utility, announced their acceptance of a seat on the Ambient Advisory Board. Former Attorney General Robert Abrams stated, "I sincerely believe that Ambient is destined to be the global leader in the Powerline Telecommunications technology arena and am exceedingly impressed with its vision, technology, and management team. It will be very rewarding to put my past experience to use in such an exciting venue. Ambient has the potential to become one of the next great companies, which is why I was so thrilled and delighted to be offered the Advisory Board role." Ambient Corporation has developed and owns innovative technology that facilitates the transfer of Internet and high-speed data through ordinary electric powerlines. The same electric wiring that is ordinarily used to transmit electrical power to individual homes and businesses can also be used to transmit high-speed data. Ambient's Powerline Telecommunications technology (PLT) is designed to enable utilities and power companies to partner with Ambient in creating baskets of utility and consumer services. These utility services are expected to include such features as automatic meter reading (AMR), load switching/balancing, demand management, outage reporting, real-time billing, and alarm monitoring. Consumer services may feature Internet, telephony, video-on-demand, content, and smart appliances. Both baskets of services will be achieved using Ambient's Powerline Telecommunications technology (PLT) across electrical powerlines and utilizing existing infrastructure. Last November Ambient jointly announced with Consolidated Edison of New York (NYSE:ED), successful first-phase testing of Ambient's Powerline Telecommunications Technology. In January 2001, Ambient announced successful testing held in Japan. The tests held in Osaka, Japan exceeded the results of the Con Edison tests. On January 25, 2001, Ambient Corp. announced it had conducted in Hong Kong the first ever successful testing of its Powerline Telecommunications Technology in an actual residential building. These tests established successful connectivity from the electric distribution closet, to the furthest apartments on all 8 floors. In addition connectivity between each floor was successfully proven. Throughput data rates of up to 8 Mbps were recorded, with raw speed exceeding 25 Mbps. On January 31, 2001 Ambient announced a development and licensing agreement with Cisco Systems Inc. (NASDAQ:CSCO). On March 20, 2001 Ambient Corporation and Bechtel Telecommunications, announced a strategic partnership and technical services agreement, wherein Bechtel will support Ambient in the market delivery of Ambient's PLT technology by providing general contracting related to system mapping surveys, demonstrations, lab testing, project management, crew support, and commercial implementation support. Bechtel will also assist Ambient with compliance with utility commission or utility board regulations and guidelines, and applicable state and federal laws, both in the United States and abroad. Mark Isaacson further stated, "The announcement of the strategic alliance with Bechtel, the world's largest project manager, coupled with the acceptance of Robert Abrams, one of the most distinguished Attorney Generals in our history, underscore all our joint commitment to Powerline Telecommunication technology and the applications that will follow. We all strongly believe that the future we have been building is coming closer every day. We are excited and gratified to have such wonderful and committed team members." About Ambient Corporation: Ambient Corporation (OTC BB:ABTG) is a publicly traded company incorporated in the United States that operates technology companies in both the US and Israel, focusing on Powerline Telecommunication (PLT), telephony-related product offerings, Internet and E-Commerce for a variety of exciting new consumer applications, plus a basket of utility related services. 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-K and 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Ambient is a trademark of Ambient Corporation registered in the U.S. Patent and Trademark Office.
Business Wire 21-03-2008
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