TESS Tessco Technologies Inc.

TESSCO Technologies Named by Monnit as New Distribution Partner

TESSCO Technologies (NASDAQ: TESS), a value-added distributor and solutions provider for the wireless industry, today announced a partnership with Monnit Corporation as part of Monnit’s new IoTvantage™ – Premiere IoT Partner Program. TESSCO will sell Monnit’s wireless sensors to value-added reseller, system integrator partners and enterprise customers in North America. TESSCO will focus primarily on distributing Monnit's ALTA wireless sensors, the only wireless sensor platform available today that offers 1,000+ feet wireless range (non-line-of-sight), 10+ year battery life and integrated bank-level security. The sensors are available via 10 market specific application kits (with either cellular or Ethernet connectivity); Commercial Refrigeration, Remote Real Estate, HVAC, Pharmacy/Lab, IT Server Room, Corporate Property, Agriculture, Mobile Refrigeration, Industrial Manufacturing and Small Business.

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“While the Internet of Things as a concept is growing rapidly, enterprises need robust and secure solutions to connect, monitor and control their businesses," said Bill Moten, Vice President, IoT Solutions for TESSCO. “Monnit’s IoT offering is one of the most comprehensive end-to-end solutions on the market. The multitude of sensors, gateway options, user interfaces and encryption makes it both secure and flexible to meet our customer’s needs. Their pre-packaged kits make it easy and quick to get up and running.”

In addition to offering four times the range and much stronger battery life than traditional sensor platforms, ALTA products use Monnit’s new Encrypt-RF™ bank level security, featuring a 256-bit exchange to establish a global unique key, and AES-128 CTR for all data messages.

“With decades in the wireless space, TESSCO understands the stringent requirements enterprises demand from today's technologies to help their businesses succeed,” said Brad Walters, CEO, Monnit Corporation. “We expect the IoT to penetrate – and benefit - every single part of the business, and we look forward to working closely with TESSCO to meet these demanding requirements while offering secure, real-time, and actionable information."

About TESSCO Technologies

TESSCO Technologies, Inc. (NASDAQ: TESS) is a value-added technology distributor, manufacturer, and solutions provider. TESSCO was founded more than 30 years ago with a commitment to deliver industry-leading products, knowledge, solutions, and customer service and supports customers in the public and private sector. TESSCO supplies more than 50,000 products from 400 of the industry’s top manufacturers in mobile communications, Wi-Fi, Internet of Things, wireless backhaul, and more. TESSCO is a single source for outstanding customer experience, expert knowledge, and complete end-to-end solutions for the wireless industry.

About Monnit Corp.

Monnit leads the Internet of Things by empowering businesses with easy-to-use, low-cost remote monitoring solutions. Monnit solutions can be used to: remotely monitor a variety of “Things” (i.e. temperature, motion, humidity, vibration, etc.); alerting you via text, email, and/or phone call when something goes wrong. For more information, visit www.monnit.com.

EN
15/06/2017

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Two Directors at Tessco Technologies Inc bought 305,000 shares at between 5.080USD and 5.430USD. The significance rating of the trade was 76/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ...

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