Significant Customers

3 Months Ended

Mar. 31, 2015

7. Significant Customers:

The Company markets its products and services throughout the world to original equipment manufacturers (OEMs) and systems integrators in the building, industrial, transportation, utility/home, and other automation markets. During the three months ended March 31, 2015 and 2014, the Company had two customers that accounted for a significant portion of its revenues: Avnet Europe Comm VA (“Avnet”), the Company’s primary distributors of its IIoT products in Europe and Enel Distribuzione Spa ("Enel"), an Italian utility company. For the three months ended March 31, 2015 and 2014, the percentage of the Company’s revenues attributable to sales made to these customers was as follows:



	Three Months Ended
	March 31,
	2015		2014
Avnet	27.2	%	27.6	%
Enel	8.0	%	14.2	%
Total	35.2	%	41.8	%

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

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