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Symbol: TCM

Exchange: LSE/AIM

Telit is a leading global wireless technology company. It develops,manufactures and markets GSM/GPRS, UMTS/HSDPA and CDMA/EVDO communication modules for machine-to-machine (m2m) applications which streamline business processes by enablingmachines, devices and vehicles to communicate via mobile networks.

As  both  producer  and  marketer  of  advanced  cellular  technology and  products,  Telit  is uniquely  positioned  in  the m2m market.  Telit has attained a strong market position and  its management believes it  is  ranked  third  in  the world. Telit  is one of  the  few  companies  in the  industry with  full control over  the underlying  technologies  in  its products. Telit owns valuable patents and boasts especially strong in-house technology and development expertise.

The M2M Market

The  international  market  for  machine-to-machine  (m2m)  wireless communications  is widely viewed as enjoying an annual growth rate of  30%  as  developments  in  key  vertical market  segments  such  as electricity and gas meters, motor vehicles, security alarms and point of sale terminals gather ever increasing speed.

The M2M market is rapidly growing as wireless communications have become a “must-have” rather  than a  luxury  technology. Businesses that were not  interested  in m2m wireless  solutions  in  the  past  are now looking to incorporate this technology in their business as their operations expand and modernize.

Telit Worldwide

Telit  sells  its  products through  a  network  of value  added  resellers to  more  than  2,000 communications  solution providers  and  systems integrators  in  more  than 50  countries  around  the world. Our  customers  are served  directly  by  us  or through  a  global  network of 31 distributors.

Telit’s headquarters are  in Rome,  Italy,  with  regional headquarters  in  Raleigh NC, USA and Seoul, Korea. Its R&D centers are in Trieste and Cagliari, Italy and Seoul, Korea, with regional sales ofices in China, Denmark, France, Germany, Great Britain, Israel, Italy, Korea, Spain, Taiwan, and
the USA. Telit employs approximately 250 employees worldwide.

Telit provides global support to its international customers covering the entire spectrum of the m2m market. Its vast experience doing business across the globe has helped the company establish strong channels and excellent access to key players  in all major world markets. Telit’s diverse worldwide customer base  includes cellular operators, cellular distributors, as well as designers, manufacturers and system integrators of cellular m2m module-based applications.

Telit's Strategy

Our strategy for 2008 is to continue to leverage our position as a leading player in the m2m market, offering customers a competitive edge by reducing their total cost of ownership and optimizing the performance of their products.We plan on doing this through continued investment in R&D and building on the foundations laid by our regional operations to date.