MSC Technologies and H&D Wireless Sign a Stocking and Fulfilment Contract for IoT Connectivity Modules

STOCKHOLM, February 1, 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.

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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 on1^st of February 2018.  

About H&D Wireless: 

H&D Wireless is a Swedish Internet of Things cloud and platform system provider. Its Griffin IoT cloud platform is an end-to-end system solution containing world-class wireless modules, cloud services with analytics and artificial intelligence and smartphone applications for smart homes and enterprises. Since 2016, the company offers Griffin Enterprise Positioning Service (GEPS ™) as a cloud service for indoor positioning of physical things in business processes. H&D Wireless was founded in 2009 and is among Sweden's fastest growing and most decorated IoT companies, with more than 1,100,000 wireless products shipped to date for IoT, M2M solutions across the globe. H&D Wireless Sweden Holding AB (publ) is listed at Nasdaq First North as HDW. Certified Adviser is FNCA. Visit http://www.hd-wireless.com for more information