Ambicom to Develop Wireless Network Card for Major Manufacturer's Defibrillator

 

August 3, 2011

August 3, 2011 — AmbiCom Holdings Inc., developer of wireless products for medical equipment suppliers, announced that it has signed an agreement with a major medical device manufacturer to jointly develop a Wi-Fi card application for its cardiac defibrillator product.

The agreement calls for AmbiCom to design and develop a dual-band 802.11a/b/g/n Wi-Fi card for integration with the manufacturer's cardiac defibrillator product. The manufacturer will pay a fee of $470,000 for development of the software and hardware architecture of the card, including development, standard testing, and technical consultations.

AmbiCom has already received an upfront fee of $125,000, and management expects all work to be completed by Oct. 1, 2011. These fees do not include the follow-on revenue expected from the sales of the actual Wi-Fi cards to manufacturer post-development.

AmbiCom is a leading designer and developer of wireless products, focusing on the wireless medical industry. The company's wireless modules and devices are based on innovative application software for both Wi-Fi and Bluetooth technologies.

For more information: www.ambicom.com

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