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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
Oozi Cats, CEO
Yosi Fait, Finance Director & President
Tel: +44 203 289 3831

Canaccord Genuity Limited (Nominated Adviser and Joint Broker)
Simon Bridges/Martin Davison
Tel: +44 20 7523 8000

Berenberg (Joint Broker)
Chris Bowman/Ben Wright T
el: +44 20 3465 2722

Instinctif Partners
Adrian Duffield/Chantal Woolcock
Tel: +44 20 7457 2020

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.

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