(Alliance News) - Internet of things firm Telit Communications PLC on Friday said it has successfully completed the first phase of tests of its 5G mobile network product in Korea.
Telit said the tests on its FN980m 5G data card were conducted on a Tier 1 operator's live 5G network.
Telit explained: "The data card creates new opportunities and opens new markets for original equipment manufacturers, system integrators and service providers working with high-performance, bandwidth-intensive applications such as enterprise office gateways, private networks and large-scale IoT systems."
Once testing is completed, the company eyes supplying commercial shipments of the data card to its customers in the first quarter of 2020.
Chief Executive Paolo Dal Pino said: "The successful testing of our new 5G product on a live 5G network in Korea will allow Telit to begin distribution to operators, integrators and end users worldwide in the coming months. Telit has increased its focus on high category LTE and 5G products, a key driver of its strategy to become a leading end-to-end IoT provider that enables enterprises to successfully execute their digital transformation."
Telit shares were 1.8% higher at 172.46 pence each in London on Friday morning.
By Eric Cunha; ericcunha@alliancenews.com
Copyright 2019 Alliance News Limited. All Rights Reserved.