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$6.5m Order from Xirgo

15th Sep 2008 11:06

RNS Number : 4235D
Telit Communications PLC
15 September 2008
 



TELIT SECURES $6.5 MILLION ORDER FROM XIRGO TECHNOLOGIES, LLC

Xirgo Technologies Relies on Telit M2M Modules for New Customer Applications 

Rome, Italy - September 15, 2008 - Telit Communications PLC (AIM: TCM), announced today that Xirgo Technologies, LLC, a global wireless solution provider, placed a $6.5 million order for Telit modules related to demand from a number of new Xirgo customers.

Xirgo and Telit, the companies that partnered to develop a wireless automotive insurance platform with the XT-2000 IntelliPort, will once again combine M2M technologies to create customized applications that will dramatically change the way companies do business. Xirgo’s new customers extend across a variety of industries, including innovative applications for the consumer retail market, automotive sales, and fleet management, among others.

"As the demand for customized M2M applications continues to increase across industries in the Americas, we view Telit as a valuable and innovative strategic partner moving forward," said Kris Kelkar, Chief Executive Officer of Xirgo. "Telit and Xirgo share the same vision for the future of M2M, and these new customer applications demonstrate that there are several industries yet to be enhanced by the value of M2M technology."

Already utilized in several of Xirgo’s customer applications, Telit modules offer unparalleled features, such as firmware-over-the-air updates, jamming detect & report capabilities, and superior customer support throughout design and certification of the customer’s M2M application. 

 

"Companies in the Americas are quickly recognizing the value of M2M, and as a result, Telit is enjoying rapid growth," said Dominikus Hierl, CMO Telit Communications PLC. "We've established an excellent relationship with Xirgo, and are excited to partner with them as they continue to explore new opportunities for M2M technology."

About Xirgo Technologies, LLC

Xirgo Technologies, a global wireless solutions provider at the forefront of wireless data transmission technology, has successfully designed, manufactured and deployed numerous customized OEM products for a wide range of wireless M2M verticals. The Company's solutions are used in a variety of applications, including telemetry, telematics, risk management, and asset management and tracking. By customizing its field-proven design platforms, Xirgo Technologies' unique design-to-manufacture business model provides its customers with unique solutions, while minimizing time-to-market and reducing non-recurring and recurring costs. For more information about the Company, please contact Shawn Aleman at (805) 426-5243 or [email protected].

 

About Telit
Telit is a leading global wireless technology company. It develops, manufactures and markets GSM/GPRS, UMTS/HSDPA and CDMA/EVDO enterprise communication modules for machine-to-machine (m2m) applications which streamline business processes by enabling machines, devices and vehicles to communicate via mobile networks. Telit’s products are sold and deployed worldwide through offices in Brazil, China, Denmark, Germany, Great Britain, Israel, Italy, Korea, Spain, Taiwan, Turkey and the USA. Telit Communications PLC is listed on the AIM (Ticker: TCM). For more information about the company, please visit www.telit.com.

 

Contacts:

Telit Communications PLC

Maya Lustig, Vice President, Investor Relations

Tel: 00 972 3 791 40 40

[email protected]

www.telit.com

Seymour Pierce Limited

Stuart Lane / Parimal Kumar, Corporate Finance 

Tel: +44 (0) 20 7107 8000

www.seymourpierce.com

  

This information is provided by RNS
The company news service from the London Stock Exchange
 
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