Bel Fuse, Inc. (BELFA) and Ambient Corp. (ABTG.OB) Join Forces to Deliver Smart-Grid Solutions to Electric Utility Market
Bel Fuse Inc. (NASDAQ: BELFA) and Ambient Corp. (ABTG.OB) today announced the formalization of their partnership though a master supply and alliance agreement, which will enable the companies to bring their individual expertise together to develop products applicable to the electric utility market. Through its various divisions, Bel Fuse designs, manufactures and sells products for networking, telecommunications, high-speed data transmission and consumer electronics. Ambient on the other hand designs, develops and markets Ambient Smart Grid communications technologies and equipment, offering smart-grid communication platforms and technologies solutions. According to executive management of both companies, the business relationship is built on the…