Ambient — Shareholder Meeting (May 2006)
22 slides from Ambient's shareholder meeting presentation, May 3, 2006
Slide 1: Ambient Corporation 2006 Shareholder's Meeting
Ambient Corporation 2006 Shareholder’s Meeting May 3, 2006
Slide 2: Mission
Mission Ambient is positioning itself to be a global leader in the broadband over power lines (BPL) industry, transforming the world’s electric distribution grids into powerful, high- speed communication networks.
Slide 3: Agenda
Agenda • Formal Meeting • Proxy Status – Shareholder Votes • CEO Comments • BPL/PLC Industry • Standards • Ambient Review • The Future • Question Period
Slide 4: Formal Meeting
Formal Meeting
Slide 5: 2006 Annual Meeting Proposals
2006 Annual Meeting Proposals 1. Election of Directors 2. Amend Certificate of Incorporation Increase number of shares authorized 3. Amend Certificate of Incorporation Authorize Board to issue preferred stock (up to 5M shares) 4. Increase the number of shares reserved under 2002 Non-Employee Plan 5.
Slide 6: Ambient Shareholders
Ambient Shareholders • Shares issued and outstanding:167,434,381 • Number of Shareholders > 6,000 • Consolidated Edison has 35 million shares • Shareholders with more than 1,000,000 shares 9 (11.7 million shares) • Shareholders with more than 250,000 shares 48 (20.6 million shares)
Slide 7: Voting
Voting Proposal 1 - Votes Votes For Percentage Directors Withheld 1 - Joyce 158,014,615 1,701,185 95% 2 - Widland 158,211,210 1,504,590 95% 3 - Pierce 158,405,919 1,309,881 95% Votes Votes Proposals Votes For Against Abstained 2 148,526,004 10,877,196 312,600 3 47,007,349 45,050,527 1,586,750 4 81,7
Slide 8: BPL/PLC Industry
BPL/PLC Industry
Slide 9: BPL/PLC Industry
BPL/PLC Industry • Three of the largest states encourage the adoption of BPL • Texas legislation passes BPL bill in late 2005 • New York PSC encourages adoption of BPL January 2006 • California PUC released rules in April 2006
Slide 10: BPL/PLC Industry
BPL/PLC Industry • Utilities are starting to seriously consider BPL • Duke considered a leader in this space • Validating & endorsing • Duquesne • TXU • Entergy and First Energy • SDG&E
Slide 11: Standards - Acceptance
Standards - Acceptance
Slide 12: Standards: Universal Powerline Association
Standards Universal Powerline Association (UPA) • John Joyce on Board of Directors and Vice Chairman. Also Chairs Marketing Working Group • Ram Rao - Chairman of the Access Working Group • Specification for Home Networking Approved • First Open Specifications for Coexistence Released
Slide 13: Standards: IEEE
Standards Institute of Electrical and Electronics Engineers (IEEE) • Working Group P1675 - Hardware subgroup: developing “Standard for Broadband over Power Line Hardware and Personnel Safety” is headed by Dr.Yehuda Cern • Working Group P1775 - PLC EMC Standard: developing “Powerline Communication Eq
Slide 14: Standards: UPLC and UTC
Standards United Power Line Council (UPLC) and United Telecom Council (UTC) • John J. Joyce original Board member of UPLC • Ram Rao participates on Technical committees on UPLC and UTC • John J. Joyce and Anna E. Croop participates on Business committees for both UPLC and UTC
Slide 15: Ambient Review
Ambient Review
Slide 16: Ambient Review
Ambient Review • Signed agreement with Duke Energy June 2005 • Safety & Standards testing • Proof of Concept • Small Field Trial • ??? • Executed Agreement with SDG&E 2005 • Initial field trial • Extended field trial • Began and completed development of Gen 1 to Gen 2 migration product for existing
Slide 17: Ambient Review
Ambient Review • Expanded Manhattan MDU to include EarthLink’s newest VoIP product • Commenced development of a new next- generation product line • Launched development of a complete Network Management System • Development underway on next generation Overhead & Underground Couplers • Further expande
Slide 18: Ambient Review
Ambient Review • Duke and Ambient Pilot announced • Interim financing received • Displayed entire product line at UPLC in San Diego & utility provided tour of installation • Finalized and signed NYSERDA contract • Advanced Grid Management Phase at Westchester, NY pilot
Slide 19: Ambient Review
Ambient Review • Deployed Gen 1 & Gen 2 migration product • Beta version of NMS deployed • AcBel retained for additional modem source (non-VoIP modems) • Announced availability of X next-generation 2 product • Recorded revenue of $237,000 in 2005 • 1st Quarter 2006, recorded revenue of $725,000
Slide 20: The Future
The Future
Slide 21: The Future
The Future • Full Gen 2 (X ) product to begin deployment 2 nd in late 2 Quarter • Launch NMS marketing strategy • Product release in late 2 Quarter nd • Secure funding
Slide 22: war
P,, war communications for a new world