AmbiCom Signs Contract with Major Medical Device Manufacturer to Develop Wi-Fi Solution for Defibrillator Applications

AmbiCom Holdings, Inc., a leader in the development 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 AmbiCom to develop the software and hardware architecture of the Wi-Fi card solution, including development, standard testing, and technical consultations. AmbiCom has already received an upfront fee of $125,000 to begin development, and management expects all work to be completed by October 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. "We are very excited about this opportunity to jointly develop this hardware and software application for this manufacturer for its primary defibrillator product," said John Hwang, CEO and Chairman of AmbiCom. "This is another example of the relationships — this is a long-term medical device partner of ours — that we have built over the years on the strength of our technology solutions and underlying customer and technical support. By being directly involved in the development of these solutions from the start, we can ensure this and other device partners the long-term support they need to support their own end customers."