June 6, 2014

Telit Wireless Solutions appoints Derick Tsang President of Asia-Pacific region

M2M Executive to Lead Company’s APAC Efforts in Newly Created Position; Will Expand Telit’s Business into Japan

Hong Kong, February 15, 2012 – Telit Wireless Solutions (AIM: TCM), the fastest-growing machine-to-machine (M2M) innovator in the world providing unmatched modules and services, today announced the appointment of M2M industry executive Derick Tsang as president of the Asia-Pacific (APAC) region.

In this newly created position, Tsang will be responsible for all current Telit operations in APAC, which includes South Korea, China, India, Southeast Asia, Taiwan and Australia, as well as establishing Telit sales outreach in Japan.

Tsang was formerly co-general manager of SIMCom Wireless Solutions, a business unit of Shanghai-based SIM Technology, where he led a team of 150-plus sales, marketing and R&D staff. The company became a well-established provider of wireless M2M modules during his tenure. In addition, Tsang served as chief strategy officer for SIM, restructuring its internal handset business and conducting investor relations for the firm.

Previously, Tsang served in management positions of increasing responsibility for Intel in Silicon Valley, supporting sales, marketing, R&D and site manufacturing during the Itanium® and Centrino® processor launches.

"Derick brings an intimate knowledge of the M2M and telecommunications markets in APAC, especially China, and will be instrumental in reaching our goal to attain revenue parity with our operations in EMEA and the Americas," said Dominikus Hierl, chief marketing officer at Telit Wireless Solutions. "As our customers increasingly look to implement global M2M applications, it’s imperative that we provide the highest quality service in every region and Derick’s proven leadership in M2M will be key to meeting this objective in APAC."

Tsang plans to implement a comprehensive strategy for Telit throughout the region, ensuring effective resource allocation to meet specific market needs.

"APAC is one of the fastest-growing regions in the world for M2M, especially in emerging countries that are building telecommunications infrastructures based on wireless networks rather than land lines," Tsang said. "Telit is currently experiencing great success in several APAC countries. By redoubling our efforts, we can become the premier M2M module and services provider in the region."

Telit’s growing worldwide influence, committed professionals and strong corporate vision complemented Tsang’s love of M2M and compelled him to join the company.

"M2M technology can make a real difference in people’s lives, from improving the effectiveness of healthcare through telemedicine to efficiently managing energy use through smart metering," Tsang said. "M2M’s societal impact will continue to grow and, through our efforts at Telit, its benefits will further extend into APAC communities."

Tsang holds a bachelor’s degree in mechanical engineering from California Polytechnic San Luis Obispo and an MBA from the University of Southern California (USC) Marshall School of Business.

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