I hate to break this to you fellows, but Ambient has already been bought - for pennies on the dollar. Vicis Capital, an investment firm owns approximatley 86 percent of the company. One of their people sits on the Board of Directors to keep an eye on their investment. For all practical puposes ABTG has no say in day to day business without asking permissin first. Thes are bad conditions to try to expand a business. Keeps investors away as well because of Vicis.
It starts by installing communications boxes alongside our transformers.
These boxes may not look high tech, but they are the "brains" of the Smart Grid System.
They create a virtual energy Internet - collecting data from the smart meters and other equipment on the power lines, and sending it over a wireless network back to Duke Energy and then back to the customer.
We will install more than 10,000 communications boxes in Ohio in 2010.