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Ambient Corp., which provides a smart grid communications and applications platform, has announced that Shad L. Stastney has resigned from the company's board of directors.

According to Ambient, Stastney indicated that he thought his resignation was in the best interest of the company and that his resignation was not due to any concern regarding the corporation. Ambient also says that there has been no disagreement between the company and Stastney.

Stastney had served on the company's board of directors since 2008. He also served on the finance committee since September 2010 and as its chair since August 2011.

Vicis Capital Master Fund, with which Stastney is associated, remains the company's majority stockholder and lender under a $5 million line of credit.


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