LONDON (Alliance News) - Telit Communications PLC said Thursday it signed an agreement with telecoms group China Unicom.
Under the terms of the deal, Telit will provide industrial internet of things solutions to Unicom which will use the company's deviceWISE IoT platform to streamline the process of integrating and managing its devices and applications.
Chairman Paolo Dal Pino 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."
Telit shares were trading down 2.6% at 151.10 pence each.
