Ambient Corporation Announces Third Quarter Financial Results

BOSTON, Nov. 17  /PRNewswire-FirstCall/ -- Ambient Corporation (OTC Bulletin Board: ABTG) filed its Form 10-Q on November 16, 2009 for the period ended September 30, 2009.  Year-to-date revenues were $918,160.

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During the third quarter, Ambient and Duke Energy entered into a long-term agreement.  Under the agreement, Ambient will supply its X-series smart grid node as the central communication technology for the utility's ongoing smart grid initiatives.  Ambient has reported initial purchase orders under this agreement of approximately $2.5 million, which Ambient anticipates beginning to fill in the fourth quarter and into 2010.

"2009 so far has been a year of transition for Ambient. We have further strengthened our relationship with our largest customer, have entered into an important alliance with a global contract manufacturer, and have entered into a collaborative relationship with a global intelligent metering company," said John J. Joyce, President and CEO of Ambient Corporation.  "We believe the Recovery Act funding will in fact act as a catalyst for many smart grid projects. Ambient will be focusing on strengthening our resources in the short term while positioning for opportunities we anticipate will be forthcoming in 2010."

A detailed description of Ambient's business, our results of operations and financial statements are contained in the Quarterly Report on Form 10-Q filed on November 16, 2009. Ambient has sustained losses since its inception and expects to incur additional losses in the immediate future.

About Ambient Corporation

Ambient designs, develops and markets Ambient Smart Grid® communications technologies and equipment. Using 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 (OTC:ABTG) (BULLETIN BOARD: ABTG) . More information on Ambient is available at http://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, larger deployments of our smart grid solution, 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 1 of our 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, and AmbientNMS are registered trademarks of Ambient Corporation with the U.S. Patent and Trademark Office. 

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DATASOURCE: Ambient Corporation



CONTACT:  Media, Anna E. Croop, Director Corporate Communications of

Ambient Corporation, [phone], 



Web Site:  http://www.ambientcorp.com/ 

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