Telit Comm Share Price (TCM)

Telit Communications Plc : CAS Tecnologia and Telit in Partnership to Explore Latin American M2M Telemetry and Utilities Markets 03/21/2013| 11:14am US/Eastern São Paulo, Brazil - March 21, 2013 - Telit Wireless Solutions, a global provider of high-quality machine-to-machine (M2M) solutions, products and service and CAS Tecnologia, a Brazilian company specialized in the development of engineering systems, automation and telemetry solutions, today announced the companies are to enter into a partnership which will combine the telemetry platforms and solutions developed by CAS with Telit's products and technologies. The effort aims to enhance reliability and speed of solution options tailored for each customer. For CAS Tecnologia, the partnership is a solid alternative to modernize the technology developed by the company. "Telit produces their modules in Brazil, making it cost effective. Not only that, the modules produced here have some of the best capabilities and reliability for data communication", said Welson Jacometti, President of CAS Tecnologia. CAS supplies reliable data transmission products to connect software systems which treat, classify and process mission critical information. "Today, CAS Tecnologia is one of the most important names in the Brazilian metering market, and we expect great solutions to come from this partnership", said Ricardo Buranello, Director of Telit Latin America. "Because Telit is a global company, we have experience with telemetry solutions in a number of countries. We can safely say that technology developed by CAS in Brazil is world class and on the same level as those developed in other markets. We are confident that this segment has a lot of potential in Brazil and Latin America. And Telit is prepared to give the necessary support to partners like CAS with our extensive product portfolio and experienced professionals". Ten years on, leveraging the industry's broadest portfolio of hardware in cellular, short range and positioning technologies, artfully complemented by services and connectivity from m2mAIR, Telit is M2M's One Stop Shop for system integrators. By applying products and services in synergizing bundles, delivered with global support and logistics matching each individual need or want, Telit eliminates technical risk shortening time to market to the Internet of Things. Now, innovate! About CAS Tecnologia CAS Tecnologia is specialized on the development of engineering systems, automation and telemetry solutions. The company's biggest focus is on the solutions development for the Utilities market (energy, water and gas) contracted by concessionaires that want to detect fraud and losses and, consequentially, reduce costs. CAS Tecnologia develops intelligent systems, implements corporative and high availability hardware backup projects, digital certification, and also hardware development and manufacturing.

and 850k,showing az buys....

I have been watching TCM for 2 years now. Huge trades have recently started going through, my only hope is that they are in it for the long run and not a MM manipulation strategy. The share price has risen by 50% in the last month alone.. whats your take on this ?

big trade........

Are the directors on the buying spree again, over 38 million shares purchased this afternoon, according to ADVFN?

One of their directors bought 1 Million shares the other week. My guess is that there are going to be strong results for the year ended 2012. A fair value price would be 90p.