AmbiCom Holdings Gets New Distributor for South Korean Market
(Marketwire Via Acquire Media NewsEdge) MILPITAS, CA -- (Marketwired) -- 06/30/14 --
AmbiCom Holdings, Inc. (OTCQB: ABHI), a leading designer and developer of innovative wireless hardware and tuning software products targeting the healthcare market and optimizing complex IT environments with more than one million devices sold worldwide, today announced that it has appointed a distributor for the Veloxum product line in South Korea.
The distributor, Insung Digital Co. Ltd, based in Seoul, South Korea is granted a license to distribute, market, and support Veloxum products and services to end users in South Korea. Insung Digital Co. Ltd, a leading South Korean distributor, will distribute Veloxum solutions to Value Added Resellers, System Integrators, and sub-Distributors and provide assistance and support for end users in South Korea. Mr. In Young Lee is the CEO of Insung Digital Co. Ltd.
The cloud computing service market size in South Korea is $612 million (Innogrid 2011). The construction and operation of the Government Cloud Service Testbed (KCC) in South Korea requires 2,424 CPU cores, 6,448 GB of memory, 151.5 TB of HDD, and 240 TB of NAS alone (Korea Communications Commission). "This is just another initial leap toward expanding our Veloxum software solution to the global market," stated AmbiCom's CEO, John Hwang. "This will open doors for more international partnerships and growth through the global market."
About Veloxum Performance Tuning Software
Veloxum actively and continuously optimizes physical and virtual infrastructure by optimizing operating system and application settings. It leverages the existing systems and infrastructure by tuning the various components within their manufacturer supported settings. The solution enables IT organizations to maximize performance, increase workload density, and minimize virtualization costs, ultimately spending less on the physical infrastructure, thus dramatically reducing CAPEX and OPEX expenditure.
Customers such as Watermark Industries, Baron Funds, Colgate Palmolive, Integrated Axis, Deutsche Bank, the United States Department of Energy, and Maimonides Medical Center are enjoying significant cost savings with Veloxum. Veloxum was founded in September, 2007 and was awarded the Gartner "Cool Vendor" award in 2012 in the category of infrastructure management.
About AmbiCom Holdings, Inc.
AmbiCom is headquartered in Milpitas, California, and is a leading designer and developer of wireless products focusing on Wi-Fi and Bluetooth® applications for the wireless medical, healthcare and automotive industries. AmbiCom purchases standard wireless products and designs and develops features and packaging to customize these products to its target OEM markets, including a new SDIO card to be sold to its OEM customers. AmbiCom believes there are unique opportunities as a result of the sheer size of the wireless healthcare market and the Company's innovative approach and exemplary customer services. AmbiCom also designs and develops wireless home medical devices for non-health care applications for the retail market, including solar ionic toothbrushes that in general utilize light to activate an ionic process to remove plaque. The Company also expects to continue to expand on its non-recurring engineering projects. For more information, visit www.ambicom.com.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements, including but not limited to our ability to maintain our website and associated computer systems, our ability to generate sufficient market acceptance for our products and services, our ability to generate sufficient operating cash flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission from time to time which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one of more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
AmbiCom Holdings Inc.
(408) 321-0822 x301
TEN Associates LLC
Source: AmbiCom Holdings, Inc.
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