Telit Communications Plc (LON:TCM) is partnering with OT-Morpho to “solve the challenges facing the mass adoption of the internet of things” (IoT).
The pair will leverage their combined technical expertise – Telit as a world leader in machine-to-machine technology and OT-Morpho as a security specialist – “jumpstart” the IoT narrowband cellular economy.
"We are excited to partner with OT-Morpho and collaborate on innovative ways to serve the needs of the IoT market,” said Telit chief executive Oozi Cats.
"We believe our new approach will also offer significant advantages to MNO [mobile network operator] partners including, but not limited to, new market opportunities for services, minimal impact on existing business processes, cost savings on SIMs and logistics while maintaining the highest level of security and are working with some early adopters to fully leverage these.”