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Stockholm, April 3rd, 2019 - H&D Wireless, Sweden's leading supplier of IoT modules and IoT+ RTLS Cloud platforms enters into distribution agreement and receives initial stocking order from Transfer Multisort Elektronik Ltd (TME) on high performance, dual mode Wi-Fi + Bluetooth modules and Evaluation boards. Order value is USD 10K.
"We are very pleased to have received this initial volume stocking order from TME and established a new sales channel for our flagship modules including the SPB228 and SPB209A. We foresee that with TME the customer base will increase rapidly. The Accelerate© module product family was introduced in Q1/2018 and we already have more than 30 customer designs with this module family and we have entered volume production," says Pär Bergsten, CEO and founder of H&D Wireless AB.
"We see a growing demand for this kind of wireless modules with high performance and industry standard specifications for the Industry PC module and generic IoT market", says Pawe Sióda, Product Manager Microcontrollers, Development Tools & Communication Modules, TME
The total wireless modular market is expected to grow by 20 % annually to 29 billion units by 2022, according to Ericsson's mobility report.
This information is such information that H&D Wireless AB is required to publish under the EU market abuse regulation. The information was provided by below contact person, for publication 08:00 CET April 3rd, 2019.
For further information, please contact:
Sales Carl Elgh
H&D Wireless AB
Phone:+46-8-551 18 46
Email: [email protected]
Web: www.hd-wireless.com
About H&D Wireless:
H&D Wireless is a Swedish provider of Internet and Things technology and services (IoT) and Real-time positioning (RTLS + GPS) with Griffin cloud platforms and GEPS. H & D Wireless was founded in 2009 with over 1,1 million wireless products delivered so far for IoT and M2M solutions worldwide. The company develops and delivers solutions that digitize and visualize physical processes, identifying, among other things, the handling of materials, tools and machines with its proprietary GEPS™ (Griffin Enterprise Positioning Service) solution. H&D Wireless shares are listed on Nasdaq First North in Stockholm since December 2017 with FNCA Sweden AB, +46(0)8-528 00 399, [email protected], as Certified Advisor.
About Transfer Multisort Elektronik:
Transfer Multisort Elektronik is one of the biggest global distributors of electronic, electromechanical, industrial automatic components as well as workplace equipment. The company employs more than 800 employees in its headquarters in Poland and subsidiaries in other countries. TME supplies several dozen thousands of companies in 140 countries and sends 5000 packages a day. Among 250.000 products in our offer, you will find goods manufactured by the majority of significant electronic components producers.
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