Wi2Wi is Awarded First Production Order from another Major Global Leader in Medical Devices
TORONTO--(BUSINESS WIRE)--May 9, 2013--Wi2Wi Corporation ("Wi2Wi" or the "Company") (TSX-V: YTY) is pleased to announce that a leading global pharmaceutical company with a substantial medical diagnostic division has placed its first production order for 10,000 units of Wi2Wi’s Single-Antenna WiFi-Bluetooth product for delivery in June of 2013. The expected annual sales of this first design win with this Marquee Customer are up to 50,000 units annually. Wi2Wi expects other potential opportunities with this customer in the future.
Dr. Hans Black, Chairman of Wi2Wi, stated, “It is most gratifying that our marketing and sales efforts have resulted in the placement of one of our superior products within a development project by one of the global leaders in health care monitoring and testing. It is also a reflection of our ability to understand customer needs and develop the appropriate solution. My congratulations to the Wi2Wi team that made this possible.” Dr. Reza Ahy, Chief Executive Officer, stated that, “We have been systematically building up a pipeline of quality customers and industry leaders. Wi2Wi is currently engaged with over 30 Tier-1 customers worldwide (as part of Wi2Wi's over 200 customers) to identify opportunities and to create solutions for each. This is a clear indication that our marketing programs and our ability to address specifically identified opportunities are successful. The connected medical device market is a multi-billion dollar opportunity, and is growing at a fast pace. In order to control costs, health care providers are looking to enhance their ability to gather data in real time from patients and medical equipment, for control and optimization of their resources.” He further stated that “this order is another milestone in the development of Wi2Wi as a quality provider of miniaturized embedded wireless connectivity solutions for the Medical Devices Markets worldwide.” Wi2Wi is already a supplier to other Major Fortune-500 Companies in this market.
Wi2Wi designs, manufactures and markets miniaturized embedded wireless connectivity solutions (incorporating both hardware and software) for premium industrial, medical, infrastructure (including smart-home/smart building) and government markets worldwide. Wi2Wi’s products and value-added services provide highly integrated, multifunctional wireless sub systems as complete wireless connectivity solutions for the Machine-to-Machine and portable device applications globally.
For further information, please contact: Dr. Reza Ahy Chief Executive Officer (408) - 416-4200 reza@wi2Wi.com