SOURCE: Ambiq Technology, Inc.

Ambiq Technology, Inc.

January 06, 2011 13:00 ET

Ambiq Technology Signs a Technology Cooperation Agreement With the St. Petersburg Transportation Authority

SAN JOSE, CA and ST. PETERSBURG, RUSSIA--(Marketwire - January 6, 2011) - Ambiq Technology ("Ambiq") and the St. Petersburg Transportation Authority signed a Technology Cooperation Agreement at an official press conference on December 21. This Agreement establishes Ambiq as a technology partner of St. Petersburg, providing products and services based on its proprietary NFC mobile payment platform. Ambiq has developed a complete solution that enables passengers to use mobile phones to buy tickets to ride the public transportation system, and it has been undergoing testing in the St. Petersburg Metro since October 2010. 

The system utilizes secure element Near Field Communication (NFC) devices, which are designed and manufactured by Ambiq, that are installed in standard mobile phones that work with the existing Metro turnstiles, ground transport readers and connect to the City's ticket management system. The benefits of this system include: significant cost reductions and improved efficiency for the city, as well as ease of use, and complete security for passengers.

"The technology offered by Ambiq Technology is of interest to St. Petersburg because it simplifies the procedure of buying tickets and paying for transfer in public transport for passengers in St. Petersburg. We know that this solution will be in demand among citizens and guests of the city," said S.V. Popov, Deputy Chairman of the Transportation Authority.

"We are greatly honored to be a technology provider to the Northern Capital of Russia, a City known for its history of great Universities, technology and innovation traditions. Our technology will help advance deployment of state-of-the-art services that are a first in Russia," said Misha Rozenberg, Ambiq's CEO. "In the future, residents and visitors of the City will be able to pay for meals, taxi rides, store purchases, public transportation -- all from their mobile phone over our secure platform. We deliver functionality that is unmatched in breadth, security compliance and ease of use," Rozenberg said.

St. Petersburg is the second largest city in Russia and has over four million daily public transportation riders. The Transportation System deployment is the first step in implementing Ambiq's unified services platform, Secure-Z™, along with a unique hardware solution, as part of enabling a mobile payment infrastructure in St. Petersburg, to include other services, such as utility payments, mobile banking, retail and other consumer payment services. 

About Ambiq Technology

Founded in 2009, Ambiq Technology is based in San Jose, CA, with offices in China, Sri Lanka and Russia. Ambiq is the only provider of end-to-end service as a cloud solution for seamless deployment of a cross-functional platform (hardware, software, services, storage, network, administration, management) shared across partners, customers and market segments with its Secure-Z platform. For more information, visit

Ambiq Technology, its logo and Secure-Z are registered trademarks. All other trademarks and registered trademarks are the property of their respective holders.

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