Significant Customers

3 Months Ended

Mar. 31, 2016

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, 2016 and 2015, 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, 2016 and 2015, the percentage of the Company’s revenues attributable to sales made to these customers was as follows:



	Three Months Ended
	March 31,
	2016		2015
Avnet	24.4	%	27.2	%
Enel	15.2	%	8.0	%
Total	39.6	%	35.2	%