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Telit Communications (TCM)

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Thursday 11 October, 2018

Telit Communications

China Unicom agreement to provide IIoT solutions

RNS Number : 6444D
Telit Communications PLC
11 October 2018
 

RNS REACH

 

Telit Communications PLC

 

Telit selected by China Unicom to provide Industrial IoT solutions

 

London, 11 October 2018 - Telit Communications PLC ("Telit", "the Group", AIM: TCM), a global enabler of the Internet of Things (IoT), announces an agreement with China Unicom, the telecoms group. China Unicom will use Telit's deviceWISE IoT platform to streamline the process of integrating and managing its IoT devices and applications as well as supporting the rapidly expanding deployment of its growing install base.

 

The deviceWISE platform allows for faster and easier deployment and provides the ability to simply connect industrial assets and machines. This provides manufacturing companies with enhanced access to the data they need in order to improve their productivity.

 

Paolo Dal Pino, Executive Chairman of Telit, said:

 

"Our new relationship with China Unicom is a key development in growing our IoT module and solution market share in one of the world's largest, fastest-growing economies.

 

"We are delighted to be working with China Unicom to deliver best in class IoT solutions to customers in the thriving Chinese IoT market."

 

Mr. Chen Xiaotian, GM, China Unicom Internet of Things Limited said:

 

"As the third wave of world information industry development, the Internet of Things has huge market space. China Unicom IoT has provided IoT services to 20,000 industry customers and 100 million connected devices.

 

"Facing the rapid growth of the number of devices, we believe that through the new relationship with Telit, our customers can enjoy more efficient business development, better service experience and higher value returns."

 

 Enquiries:

 

Telit Communications PLC

Shir Stopper, Investor Relations 

Tel:  +972 3 7914000

 

 

finnCap (Nomad and joint broker)

Henrik Persson/Giles Rolls (corporate finance)

Tim Redfern/Richard Chambers (corporate broking)

Tel: +44 20 7220 0500

 

 

Berenberg (Joint Broker)

Chris Bowman/Mark Whitmore

Tel: +44 20 3465 2722

 

 

Instinctif Partners

Tel: +44 20 7457 2077

Adrian Duffield/Chantal Woolcock

 

 

About Telit

Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement, with an extensive portfolio of wireless connectivity modules, platforms, virtual cellular IoT operator services, and professional services, empowering hundreds of millions of connected 'things' to date, and trusted by thousands of direct and indirect customers, globally.  With nearly two decades of IoT innovation experience, Telit continues to redefine the boundaries of digital business, by delivering secure, integrated end-to-end IoT solutions for many of the world's largest brands, including enterprises, OEMs, system integrators and service providers across all industries, enabling their pursuit of enterprise digital transformation.

 

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Copyright © 2018 Telit Communications PLC. All rights reserved. Telit and all associated logos are trademarks of Telit Communications PLC in the United States and other countries. Other names used herein may be trademarks of their respective owners.

 


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