TCM.L Regulatory News (TCM)

Telit Communications PLC

Major global Enterprise Application Software group enters into Software License and Reseller agreement to sell Telit's IoT platform

London, 20 May 2016 - Telit Communications PLC, (AIM: TCM, "Telit"), a global enabler of the Internet of Things (IoT), has entered into an agreement with a major global Enterprise Application Software group ("EASG") to license and resell the Telit deviceWISE IoT platform.

The collaboration between Telit and the EASG offers a foundation for seamlessly and securely connecting IoT devices. It will deliver trusted data to the EASG's ERP systems and extract value through its analytics, across any industrial environment for remote machine monitoring and control, production diagnostics, predictive maintenance and remote service, across all markets and industries worldwide.

Oozi Cats, Telit's Chief Executive, commented:

"Our collaboration with one of the world's largest Enterprise Application Software groups to license and resell our solution creates a new way for companies to onboard to the Internet of Things. We look forward to serving new and existing customers of our new partner across different industries and markets worldwide. 

"Additionally we offer the industry's broadest portfolio of IoT products and services and bring unmatched expertise and resources to help the EASG's customers get started with IoT - from prototyping to wide-scale commercial deployments."

Telit, with the EASG, is working with forward-thinking companies, large and small, on driving business transformation with the Internet of Things (IoT) - saving money from operational efficiencies, generating revenues from new products and services, and improving compliance.

For example, they worked together with a global leader of commercial cleaning machines that has implemented the integrated IoT solution to extract real-time performance data from remote cleaning machines to generate actionable insights using big data analytics. Industrial and retail customers and cleaning contractors can now review when and where facilities are cleaned, determine where machines are physically located, track consumable levels, perform preventative maintenance and initiate replacement parts orders on a single unit or an entire fleet worldwide.

Enquiries

About Telit

Telit (AIM: TCM), is the global leader in Internet of Things (IoT) enablement. The company offers the industry's broadest portfolio of integrated products and services for end-to-end IoT deployments - including cellular communication modules in all technologies, GNSS, short-to-long range wireless modules, IoT connectivity plans and IoT platform services. Through the IoT Portal, Telit makes IoT onboarding easy, reduces risk, time to market, complexity and costs for asset tracking, remote monitoring and control, telematics, industrial automation and others, across many industries and vertical markets worldwide.

Copyright © 2016 Telit Communications PLC. All rights reserved. Telit, Telit Wireless Solutions, Telit Communications PLC, telit.com, telit2market, Telit Technical Forum, secureWISE, deviceWISE 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.