Trading Update for three months ended 31 March 2013 and full year trading outlook
The Board of Telit (AIM: TCM) announces that its revenues for the three months ended 31 March 2013 were $49.5mln (3 months 2012: $42.3mln), a year on year growth of 17%.
Telit’s flagship M2M service signs up over 80 customers in less than nine months
MWC, Barcelona, February 26, 2013 – Telit Communications PLC, (AIM: TCM, “Telit” or the “Company”), the leading machine-to-machine (M2M) wireless technology company, today announced a summary of performance data for its new m2mAIR business unit. The business unit was established in mid-2011, focusing solely on the development and commercialization of M2M value added services including connectivity.
Telit Expands its Qualcomm Technologies-based Portfolio with New LTE Concept Product
MWC, Barcelona, February 25, 2013 – Telit, (AIM: TCM), the leading machine-to-machine (m2m) wireless technology company, today announced the expansion of its long-standing relationship with Qualcomm Technologies, Inc., a wholly owned subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), marked by the introduction of a 4G LTE product and the development of variants for the company’s top selling 3G modules in the xE910 product family.
Telit to expand its mobile computing offerings – leveraging collaboration with Intel®
MWC, Barcelona, February, 25, 2013 – Telit, (AIM: TCM, “Telit” or the “Company”), the leading machine-to-machine wireless technology company, today announced the introduction of a family of new data cards in the new M.2, Next Generation Form Factor (NGFF).
The Company was notified on 7 January 2012 by Steven Sherman, Non-Executive Director of Telit, that Sherman Capital Group, LLC, of which Mr Sherman is the managing member, acquired 500,000 ordinary shares of 1 penny each in the Company ("Ordinary Shares") on Friday 4 January at a price of 56.5 pence per share and acquired 500,000 Ordinary Shares on Monday 7 January at a price of 57.1 pence per share.
Telit (AIM: TCM), the leading machine-to-machine wireless technology company, is pleased to announce a trading update ahead of its preliminary results for the year ended 31 December 2012.
Acquisition of Crossbridge Solutions Inc. (“Crossbridge”), expands market opportunities for Telit’s m2mAir division
Telit Communications Plc, has entered into and consummated an agreement to purchase Crossbridge a premier US based M2M data and value added services provider located in Lincolnshire, Illinois, U.S.A.
The acquisition of Crossbridge and its U.S. based engineering and sales staff will allow Telit to expand its m2mAIR business unit offerings in M2M value added services and connectivity to the USA.