Smart Grid provider Ambient announces NASDAQ listing

Smart Grid provider Ambient announces NASDAQ listing

Newton, Mass., August 2, 2011 – Ambient Corporation (OTCBB: ABTG), a leading provider of smart grid applications and enhanced communication platforms, announced today that its common stock has been approved for listing on the NASDAQ Capital Market.

The Company expects its common stock to commence trading on the NASDAQ Capital Market on Wednesday, August 3, 2011, under the ticker symbol “AMBT”. Prior to the listing change to NASDAQ, the company’s common stock will continue to trade on the OTC Bulletin Board under the current ticker symbol “ABTGD.OB”.

Over the past two years, the ten year old company has experienced considerable growth due to a surging demand from utility companies such as Duke Energy for Ambient’s smart grid communications and infrastructure technology.

Growing revenue: Q2 revenue was reported at $16 million, a 250% increase over Q2 ‘10Growing workforce : 60 employees today up from 40 in Q3’10 with plans to continue adding personnelGrowing footprint: Duke, one of the largest utilities in the country, is deploying Ambient’s smart grid platform in Ohio with plans to expand into Indiana and other states in the Midwest

About Ambient

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 (OTCBB: ABTG). For more information about the company’s recent filings and products, go to http://www.ambientcorp.com/investors.html and http://www.ambientcorp.com/products.html, respectively.

■