AmbiCom Holdings, Inc. Receives Fourth Order From Leading Manufacturer of Patient Monitoring Systems
Published: Oct 08, 2013
AmbiCom Receives Fourth Order From Leading Manufacturer of Patient Monitoring Systems
MILPITAS, CA--(Marketwired - October 08, 2013) - AmbiCom Holdings, Inc. (OTCQB: ABHI), a leading designer and developer of wireless products for the medical and automotive industries, and a distributor of innovative healthcare products, today announced that it has received an order worth more than $200,000 for WL54-CF (CompactFlash cards) used in patient monitoring systems. The company expects to ship the products to the customer in the fourth quarter of 2013.
"Demand for our new CompactFlash cards contributed to our 119% increase in revenues and $0.037 per share in net income during the nine-month period ended April 20, 2013," said AmbiCom Chairman and CEO John Hwang. "We continue to see a turnaround in this business amid an increase in both new and repeat customers interested in these products and expect these trends to continue throughout 2013. We also remain focused on our other product lines, including our solar toothbrushes due to launch during the next fiscal year in the United States."
AmbiCom's WL54-CF cards are IEEE802.11g+b compatible wireless CompactFlash Cards that provide superior performance that's interoperable within a mixed mode network. Key competitive advantages include lower power consumption, connection speeds of up to 54Mbps, encryption support, and an easy-to-use configuration. The Company's new SDIO cards build upon this functionality, but include a slim and ultra lightweight SD form factor design that supports SDIO capable PDAs.
AmbiCom expects to report its full fiscal 2013 results sometime in mid-October.
About AmbiCom Holdings, Inc.
AmbiCom is headquartered in Milpitas, California, and is a leading designer and developer of wireless products focusing on Wi-Fi and Bluetooth® applications for the wireless medical, healthcare and automotive industries. AmbiCom purchases standard wireless products and designs and develops features and packaging to customize these products to its target OEM markets, including a new SDIO card to be sold to its OEM customers. AmbiCom believes there are unique opportunities as a result of the sheer size of the wireless healthcare market and the Company's innovative approach and exemplary customer services. AmbiCom also designs and develops wireless home medical devices for non-health care applications for the retail market that are expected to be introduced during the next fiscal year, including solar ionic toothbrushes that in general utilize light to activate an ionic process to remove plaque. The Company also expects to continue to expand on its non-recurring engineering projects. For more information, visit www.ambicom.com.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements, including but not limited to our ability to maintain our website and associated computer systems, our ability to generate sufficient market acceptance for our products and services, our ability to generate sufficient operating cash flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission from time to time which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one of more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
AmbiCom Holdings, Inc.
408-321-0822 ext 301
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