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Symbol: TCM  

Exchange: LSE/AIM

Intro

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 290 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.