www.telit.com
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, M2M managed services 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 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.
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. Further information about Telit and its products can be found at www.telit.com. Join the conversation and learn more about Telit and its customers’ innovative applications on Facebook and Twitter.
Telit Communications in strategic cooperation with Deutsche Telekom and T-Mobile
Telit Communications PLC (AIM: TCM) said it has entered a strategic collaboration agreement with German fixed telephony provider Deutsche Telekom AG and its mobile telephony unit T-Mobile GmbH which will see the three groups work together globally in the machine-to-machine (M2M) communication sector.
The partners in the venture will be working closely together on sales and marketing in their target markets and plan to jointly develop innovative M2M products and services in the future.
Deutsche Telekom, T-Mobile and Telit will be pooling their expertise based on the terms of a memorandum of understanding. The agreement covers the areas of product development - including the simplification and standardisation of products - sales and marketing.
In particular, the companies plan to identify relevant target markets in the telematics, fleet management, navigation, remote metering, vending machine and security segments. T-Mobile and Telit will be looking to work closely together in developing and marketing innovative M2M solutions.
In December, Astaire Securities offered an upbeat forecast for the prospects of Telit Communications, projecting the M2M module market to return to 20% per annum growth, while estimating the reduction in cost of profits following Telit’s relocation of manufacturing to China at as much as 20%.
Following years of 15-20% growth in revenue and 25-30% in shipments in the M2M market, 2008 saw an overall contraction as a number of projects were postponed or cancelled due to the unfavourable conditions in core market, including transport. Revenues fell 12% to US$868 million, while the ASP (average selling price) tumbled 10%.
Still, Telit managed to grow revenues and unit shipments in 2008, being able to continue this into 2009. Moving production to China will likely help Telit, already the world’s third largest supplier of M2M modules, gain a bigger market share, the broker had added.
