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Ambient Corporation Message Board

islandersloth97 10 posts  |  Last Activity: 12 hours ago Member since: Apr 24, 2008
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  • 3. On the date hereof (the “Petition Date”), the Debtor filed a voluntary
    petition in the United States Bankruptcy Court for the District of Delaware (the “Court”).
    The Debtor will continue to operate its businesses and manage it properties as a debtorin-
    possession.
    4. I submit this First Day Declaration on behalf of the Debtor in support of
    (i) the Debtor’s voluntary petition under chapter 11 of title 11 of the United States Code,
    11 U.S.C. §§ 101-1532, as amended (the “Bankruptcy Code”), and (ii) the Debtor’s
    “first-day” motions (collectively, the “First Day Motions”). The Debtor seeks the relief
    set forth in the First Day Motions with the goal of minimizing the adverse effects of the
    commencement of this chapter 11 case (the “Chapter 11 Case”) on its business. I have
    reviewed the Debtor’s petition and the First Day Motions, or have otherwise had their
    contents explained to me, and it is my belief that the relief sought therein is essential to
    ensure the continued survival of the Debtor and the success of this Chapter 11 Case.
    I. INTRODUCTION
    5. Founded in 1996, the Debtor is a leading communications and applications
    platform supplier to utilities and infrastructure owners. As described in greater detail
    below, the Debtor is facing a severe liquidity crisis as a result of, among other things: (i)
    increased competition and (ii) the unsuccessful monetization of growth opportunities. As
    a result, the Debtor is in danger of failing to meet various covenants and other obligations
    with its secured lender and does not have the liquidity needed to meet ongoing payment
    and operating obligations.

  • Reply to

    Specified in the ammendment

    by dc10hasbeen Jul 22, 2014 2:30 PM
    islandersloth97 islandersloth97 Jul 23, 2014 11:18 AM Flag

    I don't think it has to be a buyer. It could be financing or something like that.

  • islandersloth97 by islandersloth97 Jul 22, 2014 10:38 PM Flag

    Publication date May 8, 2014

  • Reply to

    "Specific Transactions" soon

    by dc10hasbeen Jul 22, 2014 12:21 PM
    islandersloth97 islandersloth97 Jul 22, 2014 2:18 PM Flag

    DEFINITIVE AGREEMENT
    In contrast to the letter of intent, which is nonbinding, the agreement is definitive; that is, it sets out all the necessary details relevant to consummating the deal, and is a legally binding contract, subject to any conditions such as shareholder approval. The definitive agreement may ignore vital aspects of a deal, such as synergies, trade-offs in deal design, plans for integration, details of governance and organization, financing arrangements, executive appointments and compensation, and understandings about the culture of Newco. If, as argued earlier, an M&A deal is a system of economic elements, then why does the key legal document in a deal grasp only a portion of the whole? First, some of these other deal aspects may be disclosed in the merger proxy statement. Second, other facts (such as those concerning integration plans, management appointments, and compensation) may be obscured for competitive reasons (such as suppressing the ability of competitors to steal talented employees from the target firm). But finally and most importantly, the limited focus of the definitive agreement can be explained by this key idea: The definitive agreement is a risk management device focused only on the completion of the transaction.

  • Reply to

    ConEd or IQ10?

    by blue67tang Jul 11, 2014 12:29 PM
    islandersloth97 islandersloth97 Jul 11, 2014 12:48 PM Flag

    Invest in a company that one day you would own. No need to pay for the R&D, etc. Just work with them and absorb them somewhere down the road.

  • Reply to

    ipsec....and ambt/con ed; thanks dc10hb

    by neoware03 Jul 8, 2014 6:05 PM
    islandersloth97 islandersloth97 Jul 10, 2014 7:02 PM Flag

    nodes cost about what…$2,500 if I remember right. That's another $375,000 to help out for a while. Someone refresh me on the cost of an Ambient node.

    Sloth

  • Reply to

    Ambient Corporation

    by dc10hasbeen Jun 30, 2014 3:21 PM
    islandersloth97 islandersloth97 Jun 30, 2014 3:51 PM Flag

    what's all this talk about a 2010 photo on FB? I don't get it.

  • Jeff St. John
    March 4, 2014

    For the past year or so, giant U.S. utility Duke Energy has been engaged in a potentially revolutionary project: getting some of the world’s biggest smart grid technology vendors to open up their systems, akin to how iOS and Android have opened the world’s smartphones.

    Now Duke is recruiting new utility and vendor members as it publishes its open-source code manifesto.

    The work started at Duke’s McAlpine pilot project in Charlotte, North Carolina, where the utility and its partners formed the “coalition of the willing” -- Accenture, Alstom, Ambient, Echelon, S&C Electric and Verizon -- to connect smart meters, solar inverters, battery controllers, distribution grid control systems and network nodes, all with open-source adapters that render them capable of “talking” to one another and make split-second grid balancing decisions.

    At this January’s DistribuTECH conference, Duke and its coalition partners did their first off-site demo, showing how voltage sensors, fast-reacting grid support, and battery and inverter energy injection could smooth out a mockup of a set of grid-edge scenarios -- say, clouds passing over a big solar PV array -- in ways that centrally controlled systems simply couldn’t manage.

    This kind of grid-edge, virtual power plant capability typically requires a large amount of expensive and complicated work to pull off, with a lot of back and forth between different vendors sharing software development, data modeling and physical communications integration tasks.

  • islandersloth97 by islandersloth97 Jun 11, 2014 4:41 PM Flag

    Advances in technologies and standards are allowing many types of more accurate patient data to be securely shared and analyzed across multiple devices and systems, and the impact on wellness monitoring and preventive care is revolutionary.

    The IEEE 11073 family of standards is intended to assist healthcare product vendors and integrators in creating interoperable devices and systems for disease management, health and fitness, and independent living. For example, IEEE 11073-10407, “Health Informatics - Personal Health Device Communication - Device Specialization – Blood Pressure Monitor,” defines plug-and-play, interoperable communications between personal telehealth blood pressure monitor devices and compute engines such as cell phones, personal computers, personal-health appliances and set-top boxes. The U.S. Food and Drug Administration (FDA) in 2013 recognized IEEE 11073-10407 and 11 other IEEE 11073 standards in guidance to the healthcare industry.

    IEEE P2301 is being written to standardize profiles of definitions of the interfaces, formats, and conventions in cloud computing. In this way, the standard will help promote greater commonality and efficiency in the cloud ecosystem. IEEE P2302 is intended to define the elements that mediate governance and data exchange among clouds and the functional elements (name spaces, standardized units of measurement, trust infrastructure, etc.) in cloud-to-cloud communications. These projects are of interest to the global e-health community because cloud computing is one of the mechanisms that will enable patient data to be securely and cost-efficiently collected, shared, and stored.

    Coordinated standards development across the IEEE Standards Association (IEEE-SA) and other organizations in personal health device communications, cloud computing, and a host of other interrelated technology areas is helping to accelerate rollout of a seamless framework for secure, cost-effective e-health, moving towards the goal of helping m

  • islandersloth97 islandersloth97 May 2, 2014 1:56 PM Flag

    Great coalition. Can Ambient keep it's doors open? It's tough to be an investor when a company has great products, great alliances and no business. This smart grid rollout is at a snail's pace and Ambient is suffering severely because of it. We are in bad financial shape. Can Ambient fund operation while the world is in a holding pattern for implementation.

    Very difficult waters to navigate. I am worried.

AMBT
0.3850.000(0.00%)Jul 28 3:59 PMEDT

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