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Digi-Key and Magnasphere Announce Worldwide Distribution Agreement

5th December 2007

DigiKey

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Digi-Key and Magnasphere have announced the signing of a global distribution agreement. Magnasphere Corporation is a provider of magnetic sensor technology to the security and industrial markets. Magnasphere’s technology has established new industry standards for high security switch performance and ferrous proximity sensing, providing an affordable and effective alternative to reed switch and other magnetic and inductive sensor technologies.

Magnasphere products stocked by Digi-Key are featured in its print and online catalogs and are available for purchase directly from Digi-Key. The terms of this new distribution agreement will enable Digi-Key to fulfill both the prototype/design as well as the production quantity needs of its widespread customer base.

Magnasphere’s innovative magnetic sensor technology is certain to be of great interest to countless design engineers who are involved in creating many of the products of tomorrow, said Mark Larson, Digi-Key president and COO. To that end, we are very pleased to add Magnasphere Corporation to our family of supplier partners.

We are proud to be associated with this industry leader, said Rick Kirschman, Magnasphere president. As an important emerging technology, Magnasphere brand recognition will be greatly enhanced through its exposure to Digi-Key’s vast customer base.