Telit Communications

• 10/01/12

  Trading Statement

• 04/01/12

  Holding(s) in Company

• 21/12/11

  Acquisition

• 12/12/11

  Appointment of Nomad and Broker

• 24/10/11

  Director/PDMR Shareholding

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  21/12/11

  Telit Communications to become a 'contender' in GPS market with Navman deal

  Telit Communications said it will become a “contender” in the growing GPS market with the US$3 million purchase of Navman OEM Solutions.

   

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  19/09/11

  Telit Communications remains a ‘buy’ after robust interims

  Analysts at Investec and Northland Capital Partners stick with ‘buy’ recommendations, as well as target prices for the shares of more than 100 pence, after Telit boosts H1 revenues and profits

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  12/07/11

  Telit reports strong increase in revenues; brokers welcome update

  News that Telit has increased revenues by more than one third during the first half was well received by analysts. House broker Investec has a 120 pence price target for the shares.

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  11/07/11

  Telit Communications strengthens its machine-to-machine offering with new acquisition

  Telit has bought GlobalConect, a provider of wireless technology, in order to improve Telit’s own machine-to-machine communications offering to its customers. Analysts have responded positively to the deal

• 

  01/07/11

  Telit Communications’ market share on the up, says study

  Things are looking up for Telit Communications, the machine-to-machine communications group, with a new study suggesting its share of its market has risen significantly. Broker Investec for one is upbeat on prospects for the company.

• 24/10/11

  Telit Communication chief Oozi Cats increases stake in company 

• 21/10/11

  Telit Communications hit by project delays

• 19/09/11

  Telit Communications boosts H1 revenues and profits

• 12/09/11

  Telit Communications offers good scope for growth - broker

• 13/07/11

  Telit Communications: Independent non-executive director takes stake in company

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  06/04/2011

  Stocktube video - Oozi Cats at Telit Communications agrees that its shares are undervalued

  Oozi Cats, CEO at Telit Communications, (LON:TCM) tells Proactive Investors that he agrees with the analyst reports that states shares in Telit are undervalued by almost half. Oozi says that there are no sexy stories for m2m companies, rather it’s all about return on investment and Telit is more than delivering on that metric.
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  06/10/2009

  Telit Interview 23rd September 2009 - Oozi Cats, CEO

  Telit Communications
• 

  26/05/2009

  Telit Communications One2One Investor Presentation 26 May 2009 (PDF)

  Oozi Cats, CEO of Telit Communications updates investors at the Proactiveinvestors One2One Forum on 26 May 2009

Introduction

Telit is a leading global wireless technology company. It develops, manufactures and markets GSM/GPRS, UMTS/WEDGE/EDGE/HSDPA, CDMA/EVDO and Short Range communication modules for machine-to-machine (m2m) applications which streamline business processes by enabling machines, devices and vehicles to communicate via mobile networks.

As both producer and marketer of advanced cellular technology and products, Telit is uniquely positioned in the m2m market. Telit has attained a strong market position and its management believes it is ranked third in the world. Telit is one of the few companies in the industry with full control over the underlying technologies in its products. Telit owns valuable patents and boasts especially strong in-house technology and development expertise.

The m2m market

The international market for machine-to-machine (m2m) wireless communications is widely viewed as enjoying an annual growth rate of 30% as developments in key vertical market segments such as electricity and gas meters, motor vehicles, security alarms, point of sale terminals, healthcare devices and many others gather ever increasing speed.

The m2m market is rapidly growing as wireless communications have become a “must-have” rather than a luxury technology. Businesses that were not interested in m2m wireless solutions in the past are now looking to incorporate this technology in their business as their operations expand and modernize.

Telit worldwide

Telit sells its products through a network of value added resellers to more than 3,000 communications solution providers and systems integrators in more than 50 countries around the world. Our customers are served directly by us or through a global network of more than 30 distributors.

Telit’s headquarters are in Rome, Italy, with regional headquarters in Raleigh NC, USA, Seoul, Korea and Sao Paulo, Brazil. Its R&D centers are in Trieste and Cagliari, Italy, Sophia Antipolis, France, Seoul, Korea and Tel Aviv, Israel with regional sales offices in China, Denmark, France, Germany, Great Britain, India, Israel, Italy, Korea, Poland, Russia, South Africa, Singapore, Spain, Taiwan, Turkey and the USA. Telit employs approximately 420 employees worldwide.

Telit provides global support to its international customers covering the entire spectrum of the m2m market. Its vast experience doing business across the globe has helped the company establish strong channels and excellent access to key players in all major world markets. Telit’s diverse worldwide customer base includes cellular operators, cellular distributors, as well as designers, manufacturers and system integrators of cellular and short range m2m module-based applications.

Telit´s strategy

Our strategy for 2011 is to continue to leverage our position as a leading player in the m2m market, offering customers a competitive edge by reducing their total cost of ownership and optimizing the performance of their products.We plan on doing this through continued investment in R&D and building on the foundations laid by our regional operations to date.

Preliminary results for the year ended 31st of December 2010, pls. click here

Revenues increase organically by 48%, net profit of $8,4 million

Telit acquires Motorola M2M

Telit Wireless Solutions is proud and happy to inform you that the transfer of Motorola's M2M division to Telit has been finalized on March 1st, 2011. We welcome all Motorola employees and clients to the Telit family. The acquisition adds valuable resources in terms of human resources, core disciplines and product lines to Telit. It will enable Telit to strengthen its global market position and boost our possibilities to support clients worldwide technically and logistically in the well known Telit way.

Since we announced this transaction in January we have been working hard to ensure a smooth transition between Motorola and Telit. We are sure we have done the outmost to ensure our business relations will continue as before. Our top priority remains that all of our clients receive everything they need from us to be successful in their markets.

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Key market adoption drivers and enablers as a whole include:

• Cellular network coverage being expanded worldwide.
• Telematics and telemetry increasingly seen as sources of greater operational efficiency and increased incremental revenue.
• Cellular M2M applications benefit from R&D and the scale of the mobile handset industry.
• Technical advances in air interface standards enable new 3G M2M market segments.
• Mobile operators seek to expand their data service offerings.
• Government mandates increasingly require the use of telematics and telemetry functionality.

Telit's Core Values:

Reliability, Quality and Customer Orientation

Telit Wireless Solutions is famous for its four core values that play a key role in ensuring the customer's success: business scalability, ease of integration, investment protection, and world class quality.

These key competencies are represented by a wide range of advantages and services that Telit offers to its customers. One example embodying these principles is the unique family concept which provides customers with maximum compatibility with all cellular wireless technologies.

Telit's Unique Product Family Concept

Telit is, to date, the only M2M supplier to offer its customers a form factor and family concept. The product families are tailored to different levels of integration and volumes according to application size and production scale. All modules of one family have the same size and shape, the same connectors Ball Grid Array (BGA) or LCC package and the same software interface so that that they can be integrated and exchanged easily into existing customer designs with only minimal adaptation. As a result, customers benefit from modules that can be used for years in their applications. They avoid additional development outlay and thus protect their previous development investments.

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Click here to read Telit´s m2m Magazine "telit2market"

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Oozi Cats, Chief Executive Officer

In 2000 Mr. Cats, an experienced CEO and entrepreneur, founded the high level communications engineering and distribution company Dai Telecom Ltd. in Israel. In 2002 his company took over Telit in Italy to establish a world wide acting organization. Mr. Cats' experience as CEO and management knowledge helped to turn Telit into a global player in the M2M market. The complex turnaround program included strategic redefinition, financial restructuring, and human resource reorganization.

Headed by Mr. Cats as CEO, Telit was listed in the London Stock Exchange in April 2005. Prior to his role at Dai Telecom, Mr. Cats was the founder and CEO of Auto Depot Ltd, an Israeli mass merchandising chain for vehicle supplies and services.

In April 2007 the president of the Italian republic Giorgio Napolitano awarded Mr. Cats with the decoration "Cavaliere dell'ordine della stella della solidarietà italiana". The Stella della solidarietà italiana was originally instituted in 1947, to recognise those expatriates and foreigners who made an outstanding contribution to the reconstruction of Italy after World War II.

Yossi Moscovitz, Chief Operating Officer

Mr. Moscovitz is President of Telit Communications PLC. Previously he acted as Chief Operating Officer of Telit Communications PLC and before as Head of the Data Products Business Division at Telit Italy. Before joining Telit Italy, Mr. Moscovitz was responsible for the management of the data products activities of Dai Telecom Israel.

Prior to that, the experienced COO was Chief Executive Officer at Cell Data Ltd., an Israeli company engaged in the development and sales of data products utilising CDMA technology and the CEO of Microkim, an Israeli company operating in the field of wireless communications. Mr. Moscovitz holds a B.Sc.EE from the Technion, Israel's leading technological Institute.

Yosi Fait, Finance Director

Mr. Fait is a Certified Public Accountant and has held a number of executive positions with private and public companies. Yosi's previous roles with listed companies have included CEO of both Alony Group and H&O. Yosi also served as CFO of Pelephone Communications Ltd, the first cellular operator in Israel. Yosi began his professional career as an accountant with Ernst & Young Israel.

Yariv Dafna, Chief Financial Officer

Mr. Dafna has held the position of CFO of the Telit Wireless Solutions business unit (TWS) since June 2006 and was actively involved in the purchase of the M2M division of Bellwave (currently named Telit APAC) and the set up of Telit Americas. Prior to his current position, from 2003 to 2006, he was a financial manager at Dai Telecom Ltd.

Mr. Dafna also took an active role in Telit's IPO on AIM in 2005. He holds a BA in Business Administration and Accounting from the College of Management Academic Studies (Rishon LeZion, Israel), and is a certified Public Accountant. Mr. Dafna originally trained as an accountant at Brightman Almagor (Deloitte's Israeli affiliate) from 1999 to 2003.

Michael Galai, VP Legal & General Counsel

Mr. Galai joined Telit Communications PLC in 2006 as VP Legal & General Counsel. Before that he was General Counsel at Lipman Electronic Engineering Ltd. (Nasdaq, TASE: LPMA) where he took an active part in a secondary offer to the public and the company's sale to VeriFone Holdings, Inc. (NYSE: PAY).

Before joining Lipman, Mr. Galai was an associate with Goldfarb, Levy, Eran and Co., an Israeli general full-service business practice that serves a wide range of Israeli and foreign clients, with special emphasis on international transactions, financing, securities, mergers and acquisitions and related activities. Mr. Galai also spent six years in the Israel Securities Authority, holding a variety of positions, including spokesperson. He has an MBA (Major in Finance), and an L.L.B from the Tel Aviv University School of Law and is a member of the Israel Bar.

Dominikus Hierl, CMO

Prior to joining the Company, Mr. Hierl was the Vice President for Business Development at SIEMENS AG, Wireless Modules, responsible for the strategy and business development of the Wireless Modules division (one of four divisions of Siemens Mobile) and a member of the management board of the division.

During his six year tenure with SIEMENS, Mr. Hierl worked for SIEMENS Wireless Modules as a manager in several sales and marketing roles. Prior to working with SIEMENS, Mr. Hierl worked 4 years for Rohde & Schwarz as Sales Manager. He is a graduate of Fachhochschule München in Electrical Engineering (Emphasis on Digital Electronics) and in Industrial Engineering.

Alexander Bufalino, Global VP Marketing 

Mr. Bufalino joined Telit in 2005. Previous to Telit he worked for several years for SIEMENS AG and the SIEMENS AG spin off company Enocean. He held the position of Sales Director in Europe at SIEMENS wireless modules, the m2m business segment.

At SIEMENS, Mr. Bufalino has been commended for best sales achievements in the region at global level. At Enocean he held the position of International Sales Director. Enocean markets patented and unique ultra low power batteryless wireless modules and sensors. There he invented and created several innovative Marcom tools, one of them the "perpetuum" company magazine which has been awarded the IF award for outstanding design and domain corporate communication in 2005.

Mathi Gurusamy, COO 

Mr. Gurusamy is COO of Telit since April 2011. He joined Telit in June 2008 as Global VP Operations. Originally from Singapore, he has lived and worked in numerous countries, namely USA, Hungary, Poland, China, Hong Kong and Korea.

Prior to joining Telit, Mr. Gurusamy worked for GN Netcom-Jabra and Jabil Circuit in various Supply Chain roles. He received his undergraduate degree with Magna Cum Laude in Operations Management from Central Michigan University and MBA from University of Western Ontario.

Felix Marchal, Global VP Sales 

Mr. Marchal joined the Italian wireless expert Telit as Vice President Global Sales at the beginning of May 2006. Prior to this assignment, the French professional worked as Indirect Channel Sales Director EMEA for WAVECOM. The newly established position of Vice President Global Sales is a key component of Telit´s global sales strategy.

Based on its success in Europe, Telit aims to strengthen its m2m commitment in the US and Asia. Mr. Marchal will be responsible for establishing, adapting and expanding the relevant organisational processes and structures. This staffing coup further demonstrates Telit's growth plans as well as its role as challenger in the M2M market as Telit targets market leadership in the most important vertical m2m segments.

Sandro Spanghero, Global VP R&D 

Mr. Spanghero joined Telit in 1997 and was responsible for the RF Project. In 2002 he was appointed to lead the technical direction of R&D in Trieste driving the development of GSM oriented products. During this period he guided the conversion of R&D into the M2M Development.

In 2007 Mr. Spanghero was appointed as VP Global R&D coordinating the R&D teams in Trieste, Seoul and Cagliari. Prior to Telit he spent 10 years in educational sector. Mr. Spanghero has a degree in Electronic engineering for Telecommunications at the Trieste University.

Michael A. Ueland, Vice President & General Manager Telit Wireless Solutions Inc. North America

Mr. Ueland is Vice President & General Manager of Telit Wireless Solutions, Inc. and is responsible for Telit's operation in North America, including sales, marketing, and customer support. With over 15 years of experience in the M2M segment, Ueland is a respected thought leader with a proven track record of success in developing and implementing go-to-market strategies for M2M companies.

Prior to Telit, Mr. Ueland was responsible for business and market development within the North American utility market for Motorola. In 1998, he founded the US Operation of RAMAR, a UK-based wireless company, and grew it into one of the fastest growing companies within the AMR industry. Frost & Sullivan recognized RAMAR in 2003 for excellence in market and business development strategy.

Mr. Ueland received a BA in Political Science from Kenyon College and a MBA in Marketing and Finance from the University of Chicago's Booth Graduate School of Business.

For more information on Telit's senior management click here

For information on Telit's Board of Directors click here

For investor information click here

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