Telit Communications PLC Five new LTE Modules for US and European markets

TIDMTCM

Telit Communications PLC

23 August 2016

RNS REACH

Telit Communications PLC

Telit introduces five new LTE IoT Modules for North American and European markets

London, 23 August 2016 - Telit Communications PLC ("Telit", "the Group", AIM: TCM), a global enabler of the Internet of Things (IoT), announces a new portfolio of LTE IoT modules. The portfolio includes four LTE Cat M1 modules for the American market and one LTE Cat NB1 module for the European market.

Telit's new portfolio of LTE modules addresses the strong global demand from the industry for Cat M1 and NB1 (LPWA) modules, which enable a wide variety of new product concepts, and the increasing demand in the US market for migration paths away from 2G.

Cat M1 and NB1 standards were devised to address the specific needs of IoT applications, offering optimised power consumption and enhanced coverage.

The LTE Cat M1 generation of enhanced machine type communication (eMTC) products support power saving mode and extended discontinuous reception which, when combined, provides years of battery life. The battery life of devices using LTE Cat NB1 can last for up to 10 years or more.

The new portfolio of IoT-optimised LTE modules are compliant with the newly approved Release 13 standard set by the 3rd Generation Partnership Project (3GPP), a collaboration between seven telecommunications standard development organisations aimed at developing global standards for 3G mobile systems.

The modules begin sampling later this year with commercial availability expected in early 2017, in alignment with the current service launch timelines of American operators.

Oozi Cats, Telit's Chief Executive, said:

"The launch of this new range of LTE IoT modules enables us to provide our customers with a complete portfolio of compliant products in order to better service their evolving needs.

"This standard includes two branches, M1 and NB1, offering optimised power consumption and enhanced coverage."

The new portfolio will be featured at CTIA Super Mobility 2016 on Telit's booth at Sands Expo, Las Vegas, Booth #4832 from 7-9 September 2016.

Enquiries:

 
Telit Communications PLC                          Tel: +39 06 4204601 
 Oozi Cats, CEO 
 Yosi Fait, Finance Director & President 
 
Canaccord Genuity Limited (Nominated Adviser and  Tel: +44 20 7523 
 Joint Broker)                                     8000 
 Simon Bridges/Cameron Duncan 
 
Berenberg (Joint Broker)                          Tel: +44 20 3465 
 Chris Bowman/Ben Wright                           2722 
 
Instinctif Partners                               Tel: +44 20 
                                                   7457 2020 
Adrian Duffield/Chantal Woolcock

About Telit

Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement. The company offers the industry's broadest portfolio of integrated products and services for end-to-end IoT deployments - including cellular communication modules in all technologies, GNSS, short-to-long range wireless modules, IoT connectivity plans and IoT platform services. Through the IoT Portal, Telit makes IoT onboarding easy, reduces risk, time to market, complexity and costs for asset tracking, remote monitoring and control, telematics, industrial automation and others, across many industries and vertical markets worldwide.

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAPGUGCRUPQPGP

(END) Dow Jones Newswires

August 23, 2016 02:00 ET (06:00 GMT)

Telit Communications (LSE:TCM)
Historical Stock Chart
From Jun 2024 to Jul 2024