9th Apr 2009 07:00
April 9 2009
Telit Communications Plc
Agreements with Italian and Brazilian Customers
Telit Communications plc (AIM: TCM), a global wireless communications developer and distributor, announces that it has entered into supply agreements with Positron, a PST Electronics brand (Positron), and MetaSystem spa (Metasystems).
Under the terms of the agreement with Positron, Telit will be its exclusive provider of wireless modules in Brazil. The devices will be used on the Positron GSM trackers line, developed to equip vehicles. The GE-864-QUAD Automotive is the latest module produced by Telit in Brazil and it boasts specific characteristics to cater specifically to the automotive market.
MetaSystem, a MetaSystem Group company specialising in research, development and production of advanced electronic security systems for the automotive sector, has chosen Telit's modules for its MetaSat RC06 MBK telematics device. The GE863-SIM module from Telit was chosen in view of its affinity for integrating a SIM chip, a feature that markedly increases the device's robustness.
"These agreements demonstrate Telit's recognition in the global m2m market", said Oozi Cats, CEO of Telit Communications PLC. "Positron and Metasystems are major suppliers of m2m products in their respective territories and we are very pleased that they have chosen Telit as their supplier. We look forward to long and mutually beneficial relationships with both esteemed companies"
About PST Electronics
PST Electronics, founded in 1988, is a reference of quality and technology in the automotive industry. Known for its wide range of products under the brand Positron, the company develops alarms for cars, motorcycles and trucks, browsers, lockers and trackers of cars, motorcycles and trucks, electric windows, electric locks, sirens and electronics aerials, as well as dashboards.
PST Electronics is the second largest producer of alarms in the world, leader of automotive security and one of the main suppliers for the automakers of Brazil and Latin America. The company has factories in Campinas (SP) and Manaus (AM), a branch in Buenos Aires in Argentina and an office in Germany. Since 1997, the company integrates the Stoneridge Group, with a predominant presence in Europe, United States and Asia.
About Meta System
MetaSystem Group is one of the largest design manufacturers of vehicle and motorcycle security, safety and information solutions in the world. Currently employing over 500 staff worldwide, the Group has an annual turnover in excess of €80 million. With over 30 years' experience, MetaSystem remains committed to the development of advanced technologies demonstrated by its diverse and imaginative spectrum. The range includes car alarms and immobilisers, reversing aids, paging and location systems, bike alarms and accessories, home alarms, UPS (Uninterruptible Power Supply) and fleet management systems.
Today, MetaSystem technology can be found worldwide, making peoples lives safer and more efficient and secure. The Group's commitment to producing innovative products and providing a service that is second to none remain undiminished as MetaSystem continues to lead by example.
About Telit
Telit Wireless Solutions is an internationally leading specialist in wireless machine-to-machine (M2M) technology. Telit is the only company worldwide to offer communications modules for all of the various wireless technologies: it develops, produces and markets modules for GSM/GPRS, UMTS/WEDGE/HSDPA, CDMA/EVDO and Short-Range RF applications. M2M applications rationalise business processes by enabling machines, equipment and vehicles to communicate with each other via mobile networks.
Telit products are used all over the world and marketed via Telit's offices in Brazil, China, Denmark, France, Germany, Israel, Italy, Korea, Spain, the Republic of South Africa, Taiwan, Turkey, the UK and the USA. Telit's global distributor network comprises of specialists in wireless technologies and enhances the customer experience in over 56 countries worldwide.
Telit Communications PLC is listed on AIM (ticker: TCM).
Further information about Telit and its products can be found at www.telit.com.
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Enquiries:
Telit Communications Plc Tel 00 972 3 791 40 40
Michael Galai, Finance director [email protected]
Seymour Pierce Ltd Tel: 00 44 207 107 8000
Stuart Lane / Christopher Wren www.seymourpierce.com
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