TCM.L Regulatory News (TCM)

29 Sep 2005 07:03

Telit Communications PLC29 September 2005 Press Release 29 September 2005 Telit Communications plc ("Telit" or "the Company") Telit wins contract with a leading global IT systems integrator Telit Communications plc (AIM:TCM), the global wireless communications developerand distributor, announces that it has signed a contract with one of the world'sleading IT solution providers to develop GPRS modules for the European roll-outof a new Automatic Meter Reading ("AMR") project. Under the terms of the contract, Telit will lead the research and development("R&D") of a GPRS based communications solution as part of an AMR project. TheTelit designed AMR solution allows for automated meter readings whereby energyproviders will be able to read their customers' electricity and gas metersthrough M2M ("machine to machine") wireless communication. Telit's GPRS moduleswill be integrated into electricity meters in households in Europe as part ofthe AMR rollout within the utility sector. Due to the extensive R&D necessary for the project, Telit's patented module willbe an integral part of the design and functionality of the AMR device. Oozi Cats, Chief Executive of Telit, commented, "Telit's data products divisionis at the forefront of innovation in this exciting and lucrative sector. Thisagreement with one of the world's leading system integrators further emphasisesthe need for m2m GPRS products and we are proud to have been selected as themajor supplier for this important project. "This project gives good visibility for our future earnings. We are confidentthat over the next four years this contract will give rise to significantrevenues in its early stages with further significant revenues thereafter. Ilook forward to updating shareholders on this project in the near future." - Ends - For further information: Telit Communications plcOozi Cats, Chief Executive Tel: 00 39 040 419 2491 www.telit.com Media enquiries: AbchurchChris Lane / Katherine Murphy Tel: +44 (0) 20 7398 7700chris.lane@abchurch-group.com www.abchurch-group.com Notes to Editors Telit Communications plc is a global business specialising in innovativecustomised mass production solutions for cellular communications. The Companyhas two distinct business operating divisions leveraging on its coreintellectual property and know how: • The Data Products Division which designs, develops, manufactures, markets and sells a range of data cellular communication products for the machine to machine ("m2m") market. The Company's technology and products enable other electronic devices and equipment manufacturers to utilise the widely deployed GSM/GPRS cellular infrastructure to relay and accept information without human intervention. Telit owns its own protocol stack and supplies A-Z solutions for the m2m market. • The Branded Enhanced Value Added Reseller ("EVAR") Division which customises and distributes to mobile operators and to independent retailers, under the recognised brand "Telit", ODM's and OEM's cellular products, utilising its extensive in-house research and development resources With its headquarters in the UK, an R&D site in Italy and a presence in 17countries, the Company has established a prominent position in mobile handsetsand m2m industries in its chosen markets. This information is provided by RNS The company news service from the London Stock Exchange