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Ambient Corp., a provider of a smart grid communications and applications platform, says 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.

"Our differentiated hardware and software solutions are valuable assets that have significant long-term potential," says John J. Joyce, president and CEO of Ambient. "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."

The company notes that there can be no assurance that its review of strategic alternatives will result in any transaction.

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