June 6, 2014
Taipei, Taiwan – November 5, 2012 -Telit Wireless Solutions (AIM: TCM), a global leader in machine-to-machine (M2M) wireless technology today announced the company’s participation to rave reviews in Intel’s Intelligent Systems Summit — Intelligent Automotive Conference, 2012 held at the Taipei International Convention Center (TICC), October 16-17th.
The two-day summit attracted over a thousand people who gathered to glean a rich picture of the entire "intelligent" ecosystems, including modules, systems and applications. During the event, delegates had the opportunity to capture a comprehensive understanding of the M2M concept from Telit’s leading M2M wireless modules and customer applications showcased at the exhibit.
On October 17th, Cyril Zeller, senior sales director of global telematics segment at Telit delivered a speech at the "Intelligent Automotive Conference 2012" entitled "The New Connected Vehicle Trend in Europe: Bundling Technologies and Services to Catch Opportunities in Usage Based Insurance". Zeller discussed the status of insurance telematics globally and the opportunities in UBI markets in different regions. Zeller also reviewed how Telit plans to help different verticals and regions benefit from improved satellite navigation accuracy with the new multi-constellation (GPS, GLONASS, and Compass) and cellular technologies which also ensure faster communication speeds and greater device sensitivity.
Insurance Telematics is growing in all countries that have already adopted telematics solutions. ABI Research forecasts the number of insurance telematics users in Europe will grow to 44 million in 2017. Tracking vehicles or entire fleets with precise navigation devices has always been accepted as an easy and proven money saver, with adopters also able to improve their return on investments.
"As a leader in M2M solutions, Telit is enabling smartly connected devices and services turning machine collected and analyzed data into valuable information for decision making. Through close collaboration with the industry, Telit is bringing its expertise and innovation to deliver the security, reliability and accuracy that the growing insurance telematics market demands, and lead a new generation of connected cars", said Zeller.
As industry’s only pure-play m2m, Telit creates value by partnering with customers to provide expert guidance and support from concept development through to manufacturing quickly bringing ideas to market in all application areas including the new "smart" space. With service enhanced products in cellular, short-range, and satellite-navigation easily bundled through high-level software interfaces, Telit-powered m2m devices cost less to integrate, maintain, operate, and update with lower price points for bundled products and savings translating into competitive advantage at the time of sale and throughout the operating life of the customer device.