CTS and Ambient enter into strategic alliance
May 22, 2007
CTS Corporation (NYSE: CTS) and Ambient Corporation (OTCBB: ABTG), a leader in Broadband over Power Lines (BPL) solutions, announced that they have entered into a strategic alliance, strengthening their relationship to meet Ambient’s projected market demand and future requirements.
"CTS is excited about the potential of the BPL market and is pleased to be partnering with Ambient," stated Don Schroeder, President of CTS EMS. "Our EMS capabilities and expertise well compliment Ambient’s engineering and design expertise, and together we are confident we can meet Ambient’s scalability needs while still delivering the superior product Ambient requires."
This newest agreement allows Ambient to ensure volume production capability of its FCC-certified X2 BPL Access Node, for the foreseeable future. CTS provides full turnkey EMS services, including printed circuit board (PCB) assembly, box build integration and direct-ship logistics, from its facilities around the world.
John J. Joyce, President and CEO of Ambient stated, "Building from our experience with CTS and positioning Ambient with a strategic and global contract manufacturer is another important factor in building long-term stability for this market.
"Securing such a strong supply-chain partner has been crucial in the successful rollout of our deployments to date and demonstrates our ability to build the relationships necessary for ensuring a reliable long-term source for the manufacturing of our X2 node. CTS, as our contract manufacturer, reaffirms the commitment of delivering quality products to our customers," continued Mr. Joyce.
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