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DIGI INTERNATIONAL INC.

(DGII)
  Report
Delayed Nasdaq  -  04:00:00 2023-02-08 pm EST
34.74 USD   -3.12%
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Digi International : Wins 2021 IoT Evolution Product of the Year Award

07/15/2021 | 11:01am EST

HOPKINS, Minn., July 14, 2021 - Digi International, (NASDAQ: DGII, www.digi.com), a leading global provider of Internet of Things (IoT) connectivity products and services, announced today that TMC, a global, integrated media company, in conjunction with its partner Crossfire Media, has named Digi's WR31 - intelligent 4G LTE router as a winner of the 2021 IoT Product of the Year Award, presented by IoT Evolution World.

Recognized for providing rugged, reliable network connectivity and remote management tools for heavy-duty applications such as precision farming, oil fields, industrial tanks, water treatment and construction, the WR31 router offers a high-performance solution for the management of remote assets installed in challenging environments where onsite visits are infrequent or impractical.

Software-defined, the Digi WR31 can be conveniently accessed using Digi Remote Manager®, which serves as the command center of an intelligent network, providing device configuration, security, edge intelligence, and day-to-day network management. As a cloud-based offering, Digi Remote Manager makes it easy to add, activate and safeguard devices such as the WR31 - all from a desktop, tablet or phone.

'We are proud to be receiving this distinguished IoT award,' said Digi's President of IoT Products & Services, Mike Ueland. 'Digi continues to invest in leading-edge technology and remains dedicated to delivering advanced solutions that meet the demands of today's industrial environments.'

The award honors the best and most innovative products and solutions powering the Internet of Things. Nominated solutions must have been available for deployment within the past twelve months as judged by the editors of IoT Evolution World magazine.

'Congratulations to Digi, a recipient of the 2021 IoT Product of the Year Awards,' said Rich Tehrani, CEO, TMC. 'It is one of the most rewarding parts of our jobs at IoT Evolution World to recognize the latest innovative products and solutions in the exploding IoT market. With our partners at Crossfire Media, we all look forward to seeing their future successes!'

Winners of the 2021 IoT Product of the Year Award will be announced online and highlighted on IoT Evolution World.

For more than 20 years, TMC has been honoring technology companies with awards in various categories. These awards are regarded as some of the most prestigious and respected awards in the communications and technology sector worldwide. Winners represent prominent players in the market who consistently demonstrate the advancement of technologies. Each recipient is a verifiable leader in the marketplace.

About Digi International
Digi International (NASDAQ: DGII) is a leading global provider of IoT connectivity products, services and solutions. We help our customers 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, we've helped our customers connect over 100 million things and growing. For more information, visit Digi's website at www.digi.com.

About Crossfire Media
Crossfire Media is an integrated marketing company with a core focus on future trends in technology. We service communities of interest with conferences, tradeshows, webinars and newsletters. Crossfire Media has a partnership with Technology Marketing Corporation (TMC) to produce events and websites related to disruptive technologies. Crossfire Media is a division of Crossfire Consulting, a full-service Information Technology company based in New York.

About TMC
Through education, industry news, live events and social influence, global buyers rely on TMC's content-driven marketplaces to make purchase decisions and navigate markets. As a result, leading technology vendors turn to TMC for unparalleled branding, thought leadership and lead generation opportunities. Our in-person and online events deliver unmatched visibility and sales prospects for all percipients. Through our custom lead generation programs, we provide clients with an ongoing stream of leads that turn into sales opportunities and build databases. Additionally, we bolster brand reputations with the millions of impressions from display advertising on our news sites and newsletters. Making TMC a 360 degree marketing solution, we offer comprehensive event and road show management services and custom content creation with expertly ghost-crafted blogs, press releases, articles and marketing collateral to help with SEO, branding, and overall marketing efforts. For more information about TMC and to learn how we can help you reach your marketing goals, please visit www.tmcnet.com and follow us on Facebook, LinkedIn and Twitter, @tmcnet.

For more information about TMC and to learn how we can help you reach your marketing goals, please visit www.tmcnet.com.

Digi Contact
Peter Ramsay / Lora Wilson
Global Results Communications
digi@globalresultspr.com
949.307.5908

TMC Contact
Michelle Connolly
Marketing Manager
203-852-6800, ext. 170
mconnolly@tmcnet.com

Disclaimer

Digi International Inc. published this content on 14 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2021 15:00:03 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2023 436 M - -
Net income 2023 22,7 M - -
Net Debt 2023 - - -
P/E ratio 2023 58,3x
Yield 2023 -
Capitalization 1 242 M 1 242 M -
Capi. / Sales 2023 2,85x
Capi. / Sales 2024 2,65x
Nbr of Employees 790
Free-Float 82,0%
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Number of Analysts 6
Last Close Price 34,74 $
Average target price 47,83 $
Spread / Average Target 37,7%
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Managers and Directors
Ronald E. Konezny President, Chief Executive Officer & Director
James J. Loch Chief Financial Officer, Treasurer & Senior VP
Satbir Khanuja Non-Executive Chairman
Radha Chavali Chief Information Officer & Senior Vice President
Spiro C. Lazarakis Independent Director
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