[Stutensee, Germany, February 01, 2018.] – MSC Technologies, the technology brand of Avnet Integrated Solutions, and H&D Wireless AB (Nasdaq First North: HDW B), have signed a three-year stocking and fulfillment contract for H&D Wireless’ modules HDG 200 and HDG 205 targeting smart home, Industry 4.0 and enterprise applications in the European market. The agreement is effective immediately and has a value of 3,4 MSEK including a previously announced business of 0,7 MSEK.
MSC Technologies will offer the wireless product portfolio of H&D Wireless to the European market focusing on IoT for smart home and enterprise (Industry 4.0) also including wireless multimedia applications such as streaming video and audio. The wireless modules are competitive in power consumption, size, and cost, and they support both Wi-Fi and Bluetooth for embedded IoT applications. Wireless modules market is estimated to grow to 27 billion units by 2022 according to ABI research whereof 15 billion units target short-range IoT applications according to Ericsson Mobility report and has a 20% COGR.
This information is information that H&D Wireless AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CET on 1st of February 2018.
