--UPDATE, ADDS SHARE PRICE--
The company’s LE866-SV1 is significant because it is the world’s smallest LTE category 1 Internet of Things (IoT) module, and Verizon’s 4G is the largest and most reliable LTE network in the United States.
Chief executive Oozi Cats highlights that the module is about the same size as a thumbnail, and it is ideal for IoT applications with severe space constraints; like wearable trackers, health monitoring devices and smart watches.
"The launch of this module, which is certified on Verizon's 4G LTE network, is an important step for us in our roll out of products and capabilities for the growing Internet of Things market,” Cats said.
"The module will enable us to supply our customers with an ultra compact, high speed low power module for growing markets like wearables.
“It is particularly suitable for both the health and sport sectors."
Telit shares gained 4p or 1.98% to trade at 206p each.