18 Oct 2006
Boston, MA, October 18, 2006 - Ambient Corporation (OTCBB: ABTG), a leader in Broadband over Power Lines (BPL) solutions, and CTS Corporation (NYSE: CTS), a leading provider of electronic manufacturing services, today announced that they have entered into a Memorandum of Understanding related to production of Ambient's X2 BPL Access Node.
The agreement with CTS allows Ambient to ensure volume production capability, which can scale to meet marketplace demands. CTS will provide full turnkey EMS services, including PCB assembly, box build integration and direct-ship logistics from its New Hampshire facility. Through this agreement CTS represents a strategic global supplychain partner with multi-national and multi-plant capabilities for Ambient.
“CTS is delighted to be awarded this program,” stated Don Schroeder, President of CTS EMS, “The X2 node is a leading-edge broadband product and we believe that our longterm experience within the technology-driven networking sector will serve Ambient well, and we look forward to building a strong partnership in the future.”
“Securing a reliable source for one of the key components in our network architecture is one of the key pieces of the puzzle in meeting ever-increasing market demand for our FCC-certified product,” commented John J. Joyce, President and CEO of Ambient Corporation. “Finding the right companies to work with, whether it be a utility or manufacturer, is crucial for this industry's success. As a leader in this industry, we are proud to have such a strong supply-chain partner.”