Major Medical Diagnostics Manufacturer Signs Agreement to Use AmbiCom Wireless Solution in Its Urinalysis Product Line
MILPITAS, Calif., May 9, 2011 /PRNewswire/ -- AmbiCom Holdings, Inc. (OTCQB: ABHI), a leader in the development of wireless products for medical equipment suppliers, today announced that it has signed an agreement with a major manufacturer of healthcare diagnostics products to use AmbiCom's Wi-Fi technology product set in its urinalysis product line.
The agreement calls for AmbiCom's 802.11N USB Adapter/Dongle to be licensed for use in the manufacturer's latest addition to its urinalysis product family, a product set that is sold worldwide. While formal terms of this agreement were not disclosed, this agreement significantly expands AmbiCom's current relationship with this global manufacturer.
"We have been building our relationships with medical equipment suppliers throughout the years on the strength of our hardware, applications, and underlying customer support," said Kenneth Cheng, President of AmbiCom. "This agreement is one of the first in which both our hardware and corresponding software will be integrated in a specific product line. We are focused on the development of this and other integrated solutions, which we expect to move AmbiCom up the value chain in our space, increase our market opportunity, and ultimately expand our profit margins. We are delighted that AmbiCom has been chosen as the supplier, and we look forward to a successful relationship in this endeavor."
AmbiCom is headquartered in Milpitas, California, and 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 the Company's innovative application software for both Wi-Fi and Bluetooth technologies. AmbiCom is committed to wireless design and development of software and hardware, and to bringing new and innovative products to the wireless medical markets and other sectors. The Company plans to grow organically, and to aug