EF Johnson Technologies inks long-term supply pact with Honeywell; Stock up 5%

Nasdaq-listed EF Johnson Technologies, Inc. has entered into a long-term supply agreement with Honeywell Process Solutions.

Under the arrangement, EF Johnson will provide Honeywell with its multinode broadband access product, which is now offered as part of Honeywell's OneWireless(TM) universal industrial wireless mesh network solution.

A company official stated that the hazardous-location certified multinode product will be used to enable wireless automation, efficiency, and safety in petrochemical plants, mines, and other heavy industrial environments.

At 10:30 am, the scrip of EF Johnson is trading at $1.16, up 5% compared to previous $1.10. The equity shares of the company had made 52-week-high and low of $2.10 and $0.93 respectively.

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