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Additional Information
Market: AIM
Sector: Technology Hardware & Equipment
EPIC: TCM
Latest Price: 53.00p  (0.95% Ascending)
52-week High: 97.50p
52-week Low: 43.50p
Market Cap: 54.46M
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Telit Communications
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.

 

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

13th Jul 2011, 3:56 pm by Giles Gwinnett Telit said Miglietta now owns 20,000 share in the company - or around 0.02 percent

Telit Communications (LON:TCM) announced today that independent non-executive director Nicola Miglietta had taken a stake in the firm.

The company said that yesterday, Mr Miglietta bought 20,000 shares in the company at an average price of 89.7 pence a share - a total cost of £17,940.

Telit said Miglietta now owns 20,000 shares (previously he held no shares) in the company - or around 0.02 percent.

Yesterday, the company said that it expects to report a 36 percent uplift in first half revenues and overall the board is confident that trading remains in line with expectation for the year as a whole.

The group’s first half results statement, for six months to 30 June 2011, is scheduled for 20 September 2011.

It expects that revenues will come in at US$81 million for the six months - a 36 percent improvement compared with the US$59.6 million generated in the same period of last year.

Net cash is expected to come in at US$2.4 million for the first half.

Telit is a specialist in the field of wireless machine-to-machine communications (M2M). Put simply M2M enables one machine to talk to another machine via a wireless network.  Telit is the only pure play M2M company listed in London and one of the market’s big three players.

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