Telit Communications

• 21/05/12

  Holding(s) in Company

• 02/05/12

  Total Voting Rights

• 26/03/12

  Final Results

• 16/03/12

  Holding(s) in Company

• 06/03/12

  Holding(s) in Company

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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

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  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.

• 26/03/12

  Telit Communications continues to increase market share in m2m market

• 28/02/12

  Telit Communications signs global M2M agreement with O2 owner

• 13/02/12

  Telit Communications considering US IPO

• 24/10/11

  Telit Communication chief Oozi Cats increases stake in company 

• 21/10/11

  Telit Communications hit by project delays

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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
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  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

Telit Wireless Solutions is a brand of Telit Communications PLC (AIM: TCM), an enabler of machine-to-machine (M2M) communications worldwide providing wireless module technology and value added services including connectivity. Exclusively dedicated to M2M with more than 12 years of experience in the market, the company constantly enhances its technology leadership with six R&D centers across the globe. Telit offers an extensive portfolio of the highest quality cellular, short-range RF, and GNSS modules, available in over 80 countries. By supplying scalable products that are interchangeable across families, technologies and generations, Telit is able to keep development costs low and protect customers' design investments. In addition, Telit is the only module provider in the market today to offer a value added services bundle including connectivity dedicated to simplifying the deployment of M2M applications.

Telit technology enables organizations to wirelessly collect, process and respond to real-time data from vending machines, utility meters, cars, remote health monitors and any other connected devices, creating new efficiencies and revenue opportunities as well as societal and personal benefits.

Telit provides unmatched customer support and premier design-in expertise through its 25 sales and support offices, a global distributor network of wireless experts with more than 30 Telit-designated Competence Centers, and its online Telit Technical Support Forum.

Company Strategy

Having successfully integrated the most recent businesses acquired by Telit (Motorola m2m, GlobalConect and Navman) into the Company's global organization, and with significant market share, Telit is confident in its position as a leading global company in the M2M industry. The company is implementing now the next stage of its strategy which is to grow through a three-pronged approach:

• organically along with general growth in the M2M industry;
• via recurring income through our valued added services unit which will leverage the long-standing relationships with our customers and
• via appropriate acquisition opportunities to the extent that these become available.

M2M Is About Enabling - It Enables Other Segments And Applications

M2M is a technology that has evolved over the course of just a few years and yet has become indispensable for many industries. According to Beecham Research, the market had reached a volume of more than 50 billion US Dollar even by 2008. And the prospects for growth are excellent: In 2012, the market volume is set to rise five-fold to 250 billion US Dollar.

The chief value of M2M is to enable applications that allow businesses to enhance productivity and competitiveness through increased efficiencies, cost-savings, and improved levels of service.

• Connecting machines to other machines - e.g. remote production environments.
• Connecting machines to service centers - e.g. vehicles that automatically notify service centers of maintenance issues.
• Connecting service centers to machines - e.g. vending machines that report the stock status to a central inventory system.
• Connecting individuals or vehicles to machines - e.g. indicating their geographical position for enhanced personal security.

M2M applications can be found in a wide range of industries and sectors including vending machines, automated meter reading (AMR), point-of-sales (POS)-terminals, transport and logistics, pay-as-you-drive, telematics, healthcare, security technology and a wealth of other vertical segments.

A fair number of vendors presently offer M2M modules or industry-specific solutions. Additionally, the demands on M2M modules are steadily increasing - requiring substantial added versatility in use. The integration of complementary technologies such as GPS and ZigBee at module level is constantly gaining increasing importance while the demand for small and compact modules for terminals geared towards the consumer market are also steadily growing (e.g. vital-sign monitoring, localization and alerts for people with health conditions, and personal navigation).

For more information on Telit's products please Click Here.

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.

Quality - ISO 9001:2008 certified at global corporate level and ISO 14001:2004 at its Trieste site. Telit is comitted to continously improve the quality levels of its mission area assets: R&D, Operations, Sales and Customer Service.

Investment Protection - products that are designed to bring technology enhancements to integrators such as higher data rates and the latest wireless standards while maintaining backward compatibility in form factor and logical interfaces.

Ease of Integration - product and service offerings that are designed to accelerate the integrator’s time-to-market and improve the overall development experience.

Business Scalable - product families that enable integrators to easily move between products without having to redevelop their application in order to address issues such as an increase in mass volume production.

For more information on Telit's Services please Click Here.

Enrico (Chicco) Testa - Chairman of the Board

Born in Italy in 1952, Mr. Testa has an impressive professional background. Among his several experiences, between 1996 and 2002 Enrico Testa was Chairman of the Board at ENEL S.p.A. (the Italian provider of power and gas) and founder and member of the Board of Directors at WIND S.p.A.

Beside his role as Chairman of the Board of Directors at Telit Communications PLC, the experienced business man is currently Member of the Board of Rothschild S.p.A, and Chairman at E.VA Energie Valsabbia S.p.A.

Oozi Cats - Founder, Member of the BoD & CEO

Mr. Cats has 25 years’ experience in creating and leading business ventures. In 2000 Cats has founded Telit than an Israeli start-up for high level engineering and distribution in the field of wireless communications, dealing predominantly CDMA handsets.

In 2003 Cats led Telit to acquire a bankrupt GSM/GPRS handset company in Italy and restructure it to become an m2m world leader. In 2005 Cats took Telit Communications PLC public in the LSE on AIM raising $40M. With the funds in place Cats globalized the company on the technology perspective by adding to its GSM/GPRS core competence also CDMA, EVDO & UMTS. In 2006 Cats opened the APAC market by leading Telit to acquire the Korean market leader and has built Telit USA in North Carolina. In 2008 Telit acquired also a short range technology developer and is currently mastering also ZigBee and Wireless Mesh technology. In 2011 Cats surprised the m2m world with the acquisition of the Motorola m2m division, Global Connect and Navman Location Based Technology making Telit a true Global leader in the m2m arena.

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.

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.

Alexander Sator - Non-executive Director

Mr. Sator (aged 40), was a co-founder of one of the first software companies in Germany in 1983, while still in his teens. After a short career in the scientific industry he founded Sator Laser in 1996, which focused on the development of lasers and laser systems for industrial applications, soon becoming market leader for its specific field. In 2001 Domino Printing Services took a stake in this business and in 2005 Mr. Sator sold his remaining shares. Over the last two years Mr. Sator has been, beside other advisory engagements, Strategy Advisor to the Deutsche Telekom AG for the mobile business.

Davidi Gilo - Independent Non Executive Director and Chairman of the Remuneration Committee

Davidi Gilo has more than 25 years of technology and business expertise and a proven track record of innovation and execution in identifying and fostering the growth of emerging trends and technologies including DSP chips, cell phones, medical information technology and broadband networks. Mr. Gilo was the founder of DSP Group(Nasdaq DSPG)  and DSP Communication (which was sold to Intel for $1.6 billion), Ceva (Nasdaq CEVA), Nogatech (which was sold to Zoran), Audiocodes (Nasdaq AUDC) and Zen Research, among others. He is currently the CEO of Inveshare Inc. and the Managing partner of GiloVentures II LP.

Ram Zeevi - Non-Executive Director

For the past three years, Ram has been a private investor successfully investing in a number of high growth companies, largely in the technology sector. From 2001 to 2008, Ram was Managing Director of Caribbean Petroleum Corporation ("CPC"). CPC had a wide number of interests including ownership of the only private dock in Puerto Rico, a pipeline system servicing CPC, the country's Electric Power Company and the airport along with a chain of over 200 petrol stations and a refinery. During Ram's tenure, CPC expanded its interests in Puerto Rico and attained sales of $400 million annually. Ram remains a Non-Executive Director of CPC.

From 1998 to 2001, Ram was CEO of Zeevi Computers and Technology Ltd., a technology investment company which was listed on the Tel Aviv stock exchange, with investments in over 30 companies and during this period Ram held a number of Chairmanships, largely in high growth technology businesses. From 1992 to 1998, Ram was CEO of Oil Investment Consolidated, Inc. which he sold and prior to this he was CEO of Property Investment Inc., a real estate company, which was packaged and sold.

Ram is also a Non-Executive Director of R Inc Green and DoNanza.

Nicola Miglietta - Independent Non-Executive Director and Chairman of the Audit Committee

Born in Italy in 1967, Mr. Miglietta is a Professor of Capital Markets and Corporate Finance (Advanced Degree) at the University of Torino. Between 1992 and 1994 he was Auditor in PriceWaterhouseCoopers.

Mr. Miglietta sits on the board of several companies and currently is a member of the Board of Directors at Milano Assicurazioni S.p.A. and a member of the Board of statutory auditors at Impregilo S.p.A. (Italy's leading General Contractor and one of the world's top-ranking construction groups), both listed on the Italian Stock Exchange.

For investor information click here

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