Tuesday, April 8, 2008

Ambient takes $10.7M from Duke Energy for smart grid tech (ABTG.OB; DUK)

Disclaimer: This is not a recommendation to buy ABTG, I don't know anything about the company.
Via VentureBeat:

Energy utilities are getting with the program when it comes to smart grids, and that’s translating into interest in a generation of startups innovating new ways to track how energy is distributed across large networks.A startup that is also traded on the over-the-counter bulletin boards, Ambient Corp. (OTCBB: ABTG) works on smart grid tech with utilities on the east coast. That includes Duke Energy, which just inked a $10.7 million contract with the company to further develop the technology, according to VentureWire (subscription required)....MORE