Technology investment firm invests in power-line telecommunications

In announcing the investment, one of a number of major Wall Street technology funds to invest in Ambient Corp. in the past two months, Mark Isaacson, Ambient Corp. CEO stated, “Gemini and other well-known Wall Street investment firms, are sending a clear signal as to their belief in the vast potential of power-line telecommunications technology, as well as Ambient Corp.’s vital role in unlocking this potential. We are delighted to have funds such as these as a continued affirmation of our business plan and direction.”

NEWINGTON, N.H., Sept. 14, 2000 – Newington Energy LLC, an affiliate of Consolidated Edison Development Inc. (CED), recently held a groundbreaking ceremony for its 525 MW natural-gas fired power plant in Newington, New Hampshire.

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