Feb 05, 2010 (PAGE 1) In 2008, Ambient received purchase orders from Duke Energy to purchase its X2000 and X-3000 communications nodes, license its AmbientNMS™, and acquire engineering support in building out an intelligent grid/intelligent-metering platform, which generated $12.6 million in revenues for the year ended December 31, 2008 and $918,260 for the nine month period ended September 30, 2009. In the fourth quarter of 2009 and in January 2010, Ambient received purchase orders from Duke to purchase its newest version of the X-3100 communication nodes in the aggregate amount of $9.9 million. We expect to ship these devices by June 30, 2010.
Sep 09, 2009 “Duke is pleased to expand our relationship with Ambient through the execution of this agreement. Ambient’s two-way communication node advances our vision of building a smart grid intelligent network that supports the integration of numerous devices on the grid,” said Todd Arnold, Duke Energy’s SVP of Smart Grid and Customer Systems. The contract calls for Ambient to provide its X-series communications node as the central communications technology to transmit data from residential and commercial smart meters, and other applications back to the utility’s network operations center. This communications node allows for the efficient collection, analysis and management of energy demand through collected usage data to promote more reliable, affordable and environmentally friendly operations.