11 Nov 2019 14:52
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Telit Communications PLC
Telit Adds New Cellular Low Power Wide Area Modules to Portfolio
London, 11 November 2019 - Telit Communications PLC ("Telit", "the Group", AIM: TCM), a global enabler of the Internet of Things (IoT), today announces two new Narrow Band-IoT modules to the Telit portfolio with a global set of bands from Telit unified family form factors, the modules are ideal for 2G to 4G NB-IoT transition and offer the lowest power consumption for battery-driven applications that will help optimize cost.
In addition to extending coverage for ubiquitous connectivity, use cases include smart metering for electricity, gas and water, smart city applications, smart agriculture and almost any type of industrial sensor or mass-deployment application - all of which benefit from low power and enhanced coverage without high data rate requirements.
According to Market Research, the number of IoT-connected devices is predicted to reach 38.5 billion in 2020, up from 13.4 billion in 2015: Beyond smart home applications, industrial and public services sectors including retail, utilities, security and surveillance, healthcare and agriculture will collectively provide the largest portion of the device base, with widening applications driving the growth of the NB-IoT chipset market from USD 272 million in 2019 to USD 2 billion by 2024.
Commercial shipments to customers are expected to commence in Q1 2020.
Paolo Dal Pino, Chief Executive Officer, Telit said:
"We are launching two new modules to address some of the major challenges OEMs, integrators and device designers have been facing, particularly for connectivity and battery life. Our new modules dramatically increase the number of data points they can collect from their operations and customers via IoT devices. With IoT now possible at scale and cost, it makes many previously unviable deployments ROI positive.''
Enquiries:
Telit Communications PLCPaolo Dal Pino, Chief Executive Officer Yariv Dafna, Finance Director & President | Tel: +44 203 289 3831 |
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finnCap (Nomad and Broker) Henrik Persson/Giles Rolls/Hannah Boros (corporate finance) Tim Redfern/Richard Chambers (ECM) | Tel: +44 20 7220 0500 |
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FinElk | Tel: +44 20 7631 8618 |
Robin Haddrill/ Cornelia Schnepf |
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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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