Telit Communications PLC LTE Cat 6 automotive-grade module order in America (2639I)

TIDMTCM

RNS Number : 2639I

Telit Communications PLC

16 June 2017

Telit Communications PLC

Telit receives first purchase order from emerging North America car OEM for its new LTE Cat 6 automotive-grade module.

London, 16 June 2017 - Telit Communications PLC ("Telit", "the Group", AIM: TCM), a global enabler of the Internet of Things (IoT), has received the first purchase order from an emerging North America car OEM for its LTE Cat 6 automotive-grade module.

Telit's LTE Cat 6 module, which obtained certification from AT&T in May 2017, will provide high-speed internet connectivity and is expected to start shipping to the North American market in the fall of 2017 and to other markets in 2018.

Oozi Cats, Telit Chief Executive, commented:

"For the past two years, we have been developing a new automotive LTE Cat 6 communication module based on an Intel platform for a new set of requirements from an emerging North America car OEM.

"Besides high-speed, the module was designed with specific attention to cybersecurity requirements in order to support reliable and comprehensive use of over-the-air software update technology. This is critically important for the automotive industry since so much of the car is now software defined."

Enquiries

 
Telit Communications PLC                    Tel: +44 203 
 Oozi Cats, CEO                                 289 3831 
 Yosi Fait, Finance Director & President 
Canaccord Genuity Limited (Nominated         Tel: +44 20 
 Adviser and Joint Broker)                     7523 8000 
 Simon Bridges/Martin Davison 
 
Berenberg (Joint Broker)                     Tel: +44 20 
 Chris Bowman/Ben Wright                       3465 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, Wi-Fi, 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.

# # #

Copyright (c) 2017 Telit Communications PLC. All rights reserved. Telit and all associated logos are trademarks of Telit Communications PLC in the United States and other countries. Other names used herein may be trademarks of their respective owners.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCFAMRTMBTBBRR

(END) Dow Jones Newswires

June 16, 2017 02:00 ET (06:00 GMT)

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