Digi International Appoints TOPAS as a European Distributor for its Embedded Products Portfolio

Rhea-AI Summary

Digi International (NASDAQ: DGII) has appointed TOPAS electronic AG as its distributor in Germany, Switzerland, and Austria.

This strategic partnership will enhance the availability of Digi's connectivity products such as Digi ConnectCore and Digi XBee RF modules, which are crucial for IoT applications across various industries.

TOPAS, renowned for its market expertise, aims to simplify design processes and accelerate time to market for customers, thereby enhancing operational efficiency.

Positive

• Appointment of TOPAS electronic AG enhances distribution in key European markets.
• Access to Digi's extensive product portfolio may accelerate market reach and revenue potential.
• TOPAS's market knowledge is expected to simplify design and reduce costs for customers.

Negative

• None.

Agreement includes Germany, Switzerland & Austria

MUNICH--(BUSINESS WIRE)-- Digi International® (NASDAQ: DGII, www.digi.com), a leading global provider of Internet of Things (IoT) connectivity products and services, has appointed TOPAS electronic AG (TOPAS) as its distributor in Germany, Switzerland and Austria. Under the terms of the agreement, Digi ConnectCore® system on modules (SOM), Digi XBee® RF modules, Digi Connect® ME, NetSilicon & Rabbit® semiconductor product portfolios will be available, complemented by the wide range of support services offered by TOPAS (www.topas.de).

Digi provides embedded solutions, integrating hardware and software to bring IoT connectivity to meet the mission-critical connectivity needs for medical, transit, retail, industrial, and utility industries. Digi XBee is a world-renowned brand, with more than 15 million modules deployed in 135 countries. Its ConnectCore embedded platform include highly scalable and secure wireless SOMs coupled with an array of development tools and software to accelerate go-to-market product timelines.

“We are proud to add Digi as a leading supplier for IoT connectivity products to our portfolio. Together with SOM and Digi XBee RF solutions comes Digi’s extensive support and a complete ecosystem,” says Thomas Fortmann, Sales Director and TOPAS board member. “Digi solutions help simplify the design and accelerate time to market with minimized costs and risks for customers.”

“Digi is pleased to be working with one of the leading distributors of electronic solutions and components in the DACH region,” says Ronald Singh, Director of Channel Sales EMEA for Digi. “TOPAS is renowned for its great depth of market knowledge and broad application understanding, attributes that are perfect for bringing Digi’s superior OEM products to that wider audience.”

About TOPAS

TOPAS electronic AG is a franchised distributor of active semiconductors, modules and systems, transformers and ODM products. Since 1984 TOPAS is active in the market as a distributor and representative and well known as a competent and reliable partner by its customers. Skilled with a highly qualified and motivated team, possessing a profound product and market knowledge, and offering an innovative product portfolio at competitive prices, TOPAS is committed to its customers, suppliers and employees.

About Digi International

Digi International (NASDAQ: DGII) is a leading global provider of IoT connectivity products, services, and solutions. It helps companies create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security and reliability. Founded in 1985, Digi has helped customers connect more than 100 million things and counting. For more information, visit www.digi.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211026005150/en/

Peter Ramsay/Lora Wilson

Global Results Communications

digi@globalresultspr.com

+1 949.307.5908

Source: Digi International

FAQ

What is the significance of Digi International's new distributor agreement with TOPAS?

The agreement enhances Digi's market presence in Germany, Switzerland, and Austria, improving access to IoT connectivity products.

How will the partnership between Digi International and TOPAS impact DGII stock?

The partnership may positively impact DGII stock by potentially increasing revenue from enhanced distribution capabilities in key markets.

What products will be distributed by TOPAS for Digi International?

TOPAS will distribute Digi ConnectCore modules, Digi XBee RF modules, and additional semiconductor products.

When was the distributor agreement between Digi International and TOPAS announced?

The distributor agreement was announced recently, as indicated in the latest press release.