20 Feb 2004
Newton, MA - February 20, 2004 - Ambient Corporation (OTCBB: ABTG), a leader in power line communications (PLC) technology, today announced that EarthLink, Inc (NASDAQ: ELNK), a leading national Internet Service Provider (ISPs), has joined its Advisory Board.
In addition, Ambient announced that EarthLink has completed an investment of $500,000 in Ambient and has been issued warrants enabling EarthLink to increase, in the future, its ownership position in Ambient.
EarthLink is exploring communications technologies like PLC (also known as broadband over power line (BPL) communications technology) as part of its efforts to extend the reach of its highspeed services. For approximately two years, EarthLink has worked with Ambient on its BPL pilot with Con Edison. EarthLink's participation on Ambient's Advisory Board strengthens this on-going relationship as well as increases the resources Ambient's management has available for direct counsel.
“The addition of EarthLink as an advisor to Ambient rounds out our already impressive Advisory Board. We now have one of the nation's leading ISPs sharing their invaluable expertise and knowledge with the Company,” stated Ambient's Chief Executive Officer, John J. Joyce. “This strengthening of our existing relationship with EarthLink demonstrates that Ambient's progress and recent accomplishments allow us to remain a leader in BPL technology development. This enhanced relationship will be highly beneficial to Ambient's progress and the future potential of BPL.”
“With more than one million high-speed subscribers and the largest national footprint of any broadband provider, EarthLink looks forward to sharing our experience with Ambient and advancing the commercial viability of BPL communications technology,” said Kevin Brand, EarthLink's vice president broadband services. “Our investment demonstrates EarthLink's support of and interest in new technologies that will better enable millions of consumers to take advantage of the benefits of high-speed access.”