Digi-Key Corporation and Magnasphere Corporation Announce Worldwide Distribution Agreement

Waukesha, Wisconsin and Thief River Falls, Minnesota, (PresseBox) - Digi-Key Corporation and Magnasphere Corporation announced today the signing of a global distribution agreement.

Magnasphere Corporation is a provider of magnetic sensor technology to the security and industrial markets. Magnasphere’s patented, award-winning 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."

About Magnasphere Corporation

Magnasphere Corp. is a privately held company founded in 2002 with the purpose of providing magnetic sensor technology to the residential, commercial, and federal security markets, as well as the broad industrial and commercial market place. Magnasphere represents the first significant improvement in two-wire magnetic switch and sensor technology since the introduction of the reed switch in the 1930s. Magnasphere’s patented, award-winning technology establishes new industry standards for high security sensor performance while providing an affordable and more effective alternative to other magnetic switch technologies used in a variety of applications. To learn more, visit www.magnasphere.com.

Digi-Key Corporation

One of the world's fastest growing distributors of electronic components, Digi-Key has earned its reputation as an industry leader through its total commitment to service and performance. As a full-service provider of both prototype/design and production quantities of electronic components, Digi-Key has been ranked #1 for Overall Performance for 17 consecutive years from among the nation's more than 200 distributors (EE Times Distribution Study/August 2008). Offering more than a million products from nearly 400 quality, name-brand manufacturers, Digi-Key's commitment to inventory is unparalleled. Access to the company's broad product offering is available 24/7 at Digi-Key's top-rated Web site, www.digikey.com.

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