Monnit Announces Distribution Agreement with Arrow Electronics

Collaboration Enables both Organizations to Meet the Growing Demand for IoT Solutions

SALT LAKE CITY, UTAH – June 20, 2017 – Monnit Corporation (www.monnit.com) today announced it has signed a distribution agreement with Arrow Electronics to bring Monnit’s new ALTA™ wireless sensing solution to market and help meet the growing demand for high-performing, comprehensive Internet of Things (IoT) solutions. Monnit’s solutions enable enterprise and small- and medium-size customers to connect, monitor and control a myriad of functions within their businesses, leading to operational efficiencies, reduced risk and increased profitability.

“Monnit's ALTA platform offers secure and reliable capabilities at an affordable price. Our collaboration with Monnit will bring profitable new IoT opportunities to Arrow’s customers," said Aiden Mitchell, vice president of global IoT solutions at Arrow.

In addition to offering four times the wireless range (1,000+ feet, non-line-of-site) and much stronger battery life than traditional sensors (10 years on two AA batteries), ALTA products use Monnit’s new Encrypt-RF™ bank level security. The sensors will be available through application specific monitoring kits with either cellular or Ethernet connectivity, including; Commercial Refrigeration, Remote Real Estate, HVAC, Pharmacy/Lab, IT Server Room, Corporate Property, Agriculture, Mobile Refrigeration, Industrial Manufacturing and Small Business, with more coming soon.

“Arrow’s focus on OEMs dovetails nicely with Monnit’s efforts to bring customized solutions to market for OEMs,” said Brad Walters, CEO, Monnit. “Monnit can engage with Arrow’s technical teams in order to understand their customers’ needs, and to provide off-the-shelf and/or highly customized solutions in a private-label format."

Through Monnit’s IoTvantage™ partner program (Monnit.com/Partner), business partners can private label the solution to sell as their own. Custom kitting, product development and customized software features are also available to help tailor the solution for their customer’s specific needs.

About Monnit Corp.
Monnit is a leader in the design and manufacturing of turnkey, self-installed, low-cost wireless sensor solutions targeted at the industrial and commercial markets. Monnit’s sensing solutions are easily installed and used by anyone wanting to remotely monitor information and activities around a variety of variables (i.e. temperature, motion, humidity, vibration, etc.) and receive alerts based on user-defined conditions. Monnit products are fully tested, FCC, CE and IC compliant for use anywhere in the world. For more information, visit www.monnit.com.