Ambient Corp. (NASDAQ: AMBT) said it has engaged a financial advisor to assist the company with identifying and evaluating strategic alternatives to maximize value for the company´s stakeholders, including, but not limited to, a sale of the company.
John J. Joyce, president and CEO of Ambient Corp., said, “Our differentiated hardware and software solutions are valuable assets that have significant long-term potential. Our board of directors is undertaking this review to identify the best way to maximize the value of our assets for our stakeholders given our current financial position and market dynamics in the smart grid sector, and has authorized the engagement of a specialist investment banking firm with significant expertise in the smart grid market.”
Ambient designs, develops and sells the Ambient Smart Grid communications and applications platform. More information on Ambient is available at www.ambientcorp.com.