H&D Wireless Receives First Volume Order From Macnica

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Oct 29, 2018, 03:24 ET

STOCKHOLM, October 29, 2018 /PRNewswire/ --

H&D Wireless, Swedish leading supplier of IoT connectivity and IoT Cloud and RTLS Platform solutions, receives first volume order from Macnica on SPB228 WiFi/BT module with a market value of 47 KUSD. H&D Wireless and its Business Unit Connectivity have a collaboration agreement with Macnica for distribution of HDW wireless modules for the European IoT market and it will be used in Mobility assistance.

(Logo: https://mma.prnewswire.com/media/494475/H_and_D_Wireless_Logo.jpg )

"We are very happy to have received this first volume order for SPB228 from Macnica, it validates our new strategic Product family of Accelerate©. The design-in process has been very fast since the module SPB228 was released to market during CES2018 in January, and we have today already more than 28 customers design-ins with this module and now two in volume production," says Pär Bergsten, CEO and founder of H&D Wireless.

The total wireless module market is expected to grow by 20% annually to 29 billion units in 2022, according to Ericsson's mobility report.

About H&D Wireless:

H&D Wireless is a Swedish supplier of technology and services within Internet of Things (IoT) and Realtime positioning (RTLS+GPS) with the Cloud platforms Griffin and GEPS. H&D Wireless was founded in 2009 and is among Sweden's fastest growing and most decorated IoT companies, with more than 1 Million wireless products shipped to date for IoT, M2M solutions across the globe. The company develops and supplies solutions for digitalization and optimization of Industry physical processes by Griffin Enterprise Positioning Service (GEPS ™) built in artificial intelligence (AI) targeting Industry 4.0 and Smart factory. H&D Wireless Share is since December 2017 listed on Nasdaq First North in Stockholm with FNCA Sweden AB Certified Adviser. http://www.hd-wireless.com

About Macnica:

Macnica was established in 1972 as a semiconductor distribution company headquartered in Yokohama, Japan, and has over 65 sales offices worldwide in eastern Asia, Europe and the USA. Total number of employees is over 2,600 and its consolidated revenue for fiscal 2015 was approximately US$ 4 B. continuing to extend its presence globally by having successful partners in strategic areas in the electronics market.

Web: http://www.hd-wireless.com/connectivity

SOURCE H&D Wireless AB