Leading global M2M experts trust in Telit’s strategy

Rome – September, 21 2010 – Telit Wireless Solutions, an internationally leading specialist in machine-to-machine (m2m) technology, announced today that Yossi Lovton, the former Product Portfolio Manager for M2M cellular modules and car phones at Motorola Israel, has joined the company. He will take over a strategic role in the global R&D team of Telit. Furthermore Telit has hired Moshe Yeshurun, a former Integration Team Leader at the M2M Department of Motorola.

Yossi Lovton, 50 years old, is recognized as one of the leading M2M experts worldwide. He has extensive experience in product management, business development as well as systems engineering in the cellular, telecom and data communication section. The high-level product manager and hardware engineer Yossi Lovton has joined Telit to further develop the company’s technical strategy.

Lovton played a central role in Motorola’s M2M business. He worked 28 years for Motorola Israel in different positions. Amongst others he supervised the M2M cellular product managers and was in charge for the division’s global portfolio of M2M cellular modules and car phones. Previous to that, Lovton acted as Go-To-Market Manager and accounted for the pre-sale and post-sale activities of Motorola’s car phone business unit in North America, Europe, Middle East and Asia. Lovton holds an MBA from Baruch College, the City University of New York.

"Telit’s vision, clear and comprehensive market strategy and uncompromised focus on customer needs are very impressive and proved to be successful. I’m happy to join a company where the future of the rapidly evolving M2M industry is shaped", said Yossi Lovton. "My inducement is to contribute to this process."

According to the latest market overview from Beecham Research Motorola is the number five in the global m2m industry with 4.8 per cent market share. Telit is number three with 12.4 per cent market share. Since 2004 Telit’s revenues are characterized by constant year-by-year growth. In the first half-year of 2010 Telit’s revenues increased by more than 60 per cent.

Furthermore Moshe Yeshurun, former Field Engineer and Integration Team Leader at the m2m department of Motorola in Israel also joined Telit. He will support the technical team with his wide knowledge and technical expertise in the M2M field.

"We are happy to welcome Yossi as a new member of our management team. The fact that one of the most relevant M2M leaders of such an important market player as Motorola has decided to join our team is a clear proof for our strategy and market perception", said Oozi Cats, CEO of Telit Communications PLC. "Additionally we are very pleased that Moshe joins our technical team. Yossi’s and Moshe’s expertise will strengthen our position in the global competition and enforce our innovation."