19.08.2019 09:01:42
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DGAP-News: Softing AG to acquire Phoenix Digital
DGAP-News: Softing AG / Key word(s): Takeover Knoxville, TN, August, 2019 - Softing has acquired the assets of Phoenix Digital Corporation (PDC), a provider of secure industrial fiber optic communication products. The business will be operated by Online Development Inc. "Phoenix Digital's secure fiber optic modules are a great addition to Softing Industrial's portfolio of IoT communications products, expanding the technologies offered and the industries served," said Dr. Wolfgang Trier, CEO of Softing AG. Softing is expecting the acquisition to contribute additional revenue of up to EUR 3 million annually once integrated in the Softing product portfolio. The patented Phoenix Digital communication approach is secure by design. The fiber-optic packet-encapsulation technology requires no user-based software and is simple to deploy. The ring topology sets up with a single dip switch on only one of the modules. No programming, addressing assignments, or configuration are required. The PDC system is MACID based, not IP based. The end user does not have to set up an IP based system or cross reference tables. Oil and Gas, Mining, Chemical, Water, Wastewater and Infrasturture are all key industries for PDC. These industries value robustness, security, and the ability to bring the systems back online very quickly. About Phoenix Digital About Softing AG Contact: Dr. Wolfgang Trier CEO
19.08.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Softing AG |
Richard-Reitzner-Allee 6 | |
85540 Haar | |
Germany | |
Phone: | +49 (0)89 456 56-333 |
Fax: | +49 (0)89 456 56-399 |
E-mail: | InvestorRelations@softing.com |
Internet: | www.softing.com |
ISIN: | DE0005178008 |
WKN: | 517800 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 859277 |
End of News | DGAP News Service |
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859277 19.08.2019
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