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 offers good scope for growth - broker
Prior to releasing first half results next week, broker Northland Capital Partners says Telit Communications (LON:TCM) offers "good scope for growth".
Analyst David Johnson released an upbeat note on the machine-to-machine (m2m) experts today rating the stock a "buy" with a price target of 125 pence (current price: 74 pence).
The firm is due to release the figures to June 30 on September 19 and revenue is expected to be up 36 percent to US$81 million.
This includes the four month contribution of Motorola’s (NYSE:MSI) machine-to-machine division, whose acquisition Telit completed in March - representing around 20 percent of this revenue.
Net cash is expected to be around US$2.4 million compared with a net debt of US$7.2 million in 2010, reflecting both positive trading and January’s £19 million placing, offset by the acquisition of Motorola m2m for US$23 million, said Johnson.
The board has also said it is confident that full year trading for 2011 remains in line with expectations.
"Stripping out the impact of Motorola, suggests an implied organic growth rate of 8.7 percent - light against recent performance and market growth but H1 FY10 was a particularly strong bounce period with a lot of backlogged business coming through," said the analyst.
"We believe that Telit continues to win a larger percentage of designs than its market share by revenue and this provides good scope for growth going forward," said the analyst.
Johnson added that value added services, which the firm had now moved into, would add greater revenue and there was also scope to licence intellectual property to chip manufacturers targeting the consumer end of the M2M market.
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.
