Significant Customers

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 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 Japan, and Enel Distribuzione Spa ("Enel"), an Italian utility company. For the three and nine months ended September 30, 2016 and 2015, the percentage of the Company’s revenues attributable to sales made to these customers was as follows:



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Avnet	27.5	%	21.1	%	28.1	%	25.5	%
Enel	—	%	16.8	%	5.3	%	11.9	%
Total	27.5	%	37.9	%	33.4	%	37.4	%