Telit Communications Plc

Telit Communications Plc

September 29, 2005 02:06 ET

Telit Wins Contract with a Leading Global IT Systems Integrator

LONDON, UNITED KINGDOM--(CCNMatthews - Sept. 29, 2005) - Telit Communications plc (AIM:TCM), the global wireless communications developer and distributor, announces that it has signed a contract with one of the world's leading IT solution providers to develop GPRS modules for the European roll-out of a new Automatic Meter Reading ("AMR") project.

Under the terms of the contract, Telit will lead the research and development ("R&D") of a GPRS based communications solution as part of an AMR project. The Telit designed AMR solution allows for automated meter readings whereby energy providers will be able to read their customers' electricity and gas meters through M2M ("machine to machine") wireless communication. Telit's GPRS modules will be integrated into electricity meters in households in Europe as part of the AMR rollout within the utility sector.

Due to the extensive R&D necessary for the project, Telit's patented module will be an integral part of the design and functionality of the AMR device.

Oozi Cats, Chief Executive of Telit, commented, "Telit's data products division is at the forefront of innovation in this exciting and lucrative sector. This agreement with one of the world's leading system integrators further emphasises the need for m2m GPRS products and we are proud to have been selected as the major supplier for this important project.

"This project gives good visibility for our future earnings. We are confident that over the next four years this contract will give rise to significant revenues in its early stages with further significant revenues thereafter. I look forward to updating shareholders on this project in the near future."

For further information:

Telit Communications plc

Oozi Cats, Chief Executive Tel: 00 39 040 419 2491

Media enquiries:


Chris Lane / Katherine Murphy Tel: +44 (0) 20 7398 7700

Notes to Editors

Telit Communications plc is a global business specialising in innovative customised mass production solutions for cellular communications. The Company has two distinct business operating divisions leveraging on its core intellectual property and know how:

- The Data Products Division which designs, develops, manufactures, markets and sells a range of data cellular communication products for the machine to machine ("m2m") market. The Company's technology and products enable other electronic devices and equipment manufacturers to utilise the widely deployed GSM/GPRS cellular infrastructure to relay and accept information without human intervention. Telit owns its own protocol stack and supplies A-Z solutions for the m2m market.

- The Branded Enhanced Value Added Reseller ("EVAR") Division which customises and distributes to mobile operators and to independent retailers, under the recognised brand "Telit", ODM's and OEM's cellular products, utilising its extensive in-house research and development resources

With its headquarters in the UK, an R&D site in Italy and a presence in 17 countries, the Company has established a prominent position in mobile handsets and m2m industries in its chosen markets.

Contact Information