AmbiCom Holdings, Inc. (OTC: ABHI), a leading designer and developer of innovative wireless products for the medical and automotive verticals, and a distributor of innovative healthcare products that has sold more than one million devices worldwide, recently announced a new $150,000 order for its WL-54CF wireless cards from a leading supplier of weighing scales, systems and equipment in over 80 countries.
While the company’s wireless business continues to generate revenue, the acquisition of Veloxum Corporation’s assets relating to the optimization of complex information technology environments could provide a further boost. The global application server market targeted by the new acquisition is expected to grow at a 21.95% CAGR between 2013 and 2018, according to a recent report by ResearchMoz.
Investors in medical device companies, like Medtronic Inc. (NYSE: MDT), or IT optimization companies, like VMware Inc. (NYSE: VMW), may want to take a closer look at the stock given these recent developments in both areas.
Read the full press release discussing the new order here:
AmbiCom Holdings, Inc. (OTCQB: ABHI), a leading designer and developer of innovative wireless products for the medical and automotive verticals, and a distributor of innovative healthcare products that has sold more than one million devices worldwide, today announced a new $150,000 order for its WL-54CF wireless cards from one of the world’s leading suppliers of weighing scales, systems, and equipment servicing over 80 countries across the globe.
“We are excited to announce another $150,000 order from one of the world’s leading suppliers of weight scales and systems which represents their third order from us,” said AmbiCom Chairman and CEO John Hwang. “Wireless technologies are quickly revolutionizing a number of different sectors, including healthcare and the industrial sector.”
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.
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, 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.