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