Partnership to develop PLC technology

Consolidated Edison Company of New York Inc., a subsidiary of Consolidated Edison Inc., and Ambient Corporation, provider of PLC technology, have concluded a research and development partnership agreement whereby Con Edison will advance Ambient the sum of $325,000 so that Ambient can install and test its proprietary technology over Con Edison’s electrical power lines and grid.

Ambient’s end-to-end solution is expected to allow the transport of data over medium and low voltage power lines, beginning with the backhaul link to the end users’ PC. A fully functioning consumer demonstration of broadband, using Ambient’s PLC technology, is expected to be held in the spring of 2002. Thereafter the technology will be tested in Con Edison customers’ homes.