27th Jul 2006 11:43
Telit Communications PLC27 July 2006 Press Release 27 July2 006 Telit Communications plc ("Telit" or "the Company") Directorate Appointments Telit Communications plc (AIM:TCM), the global wireless communications developerand distributor, is pleased to announce the following Board appointments thattake place with immediate effect. Mr Avi Israel, a current Non-Executive Director of the Company, has accepted theposition of Finance Director and a Deputy CEO Of Telit Communications PLC. MrsInbal Barak-Etzion will remain as Chief Financial Officer of the Company and amember of the operational management team. Commenting on the appointment, Oozi Cats, Chief Executive of Telit, said: "MrAvi Israel as the deputy CEO will assist me in managing this diversifiedoperation as we are experiencing a strong growth. Mr. Israel appointment as theFinancial Director will further strengthen the companies relationships with ourinvestors. The Company is also pleased to announce the appointment of Mrs PninaBitterman-Cohen to the Board of Telit as Non-executive Director. MrsBitterman-Cohen has been Vice President of Polar Investments Ltd since 1996,where she is also serving as the General Counsel and Secretary. Mrs Bittermanholds an LLB degree from Tel-Aviv University. Commenting on this appointment, Oozi Cats, Chief Executive of Telit said: "I amwelcoming Mrs. Pnina Bitterman-Cohen to the Board and I am confident that herinvolvement with the Company will help to take Telit to the next stage in itsdevelopments as one of the world's leading providers of wireless technology." Mrs Pnina Bitterman-Cohen, aged 55, holds, or has held within the last 5 years,the following directorships or partnerships: Current Directorships Past Directorships within the last five years Ophir Holdings Ltd Hazera Genetics Ltd Ophir Finance Ltd Investment Company of Bank Yefet Ltd Hoshen Itong Industries Ltd Mishpat Investments Company Ltd Eagle Foreign Trade (International) Ltd Hazerot Hadar Ltd E.R.I. Agencies Ltd Taldor Computer Systems (1986) Ltd Elby Real Estate 2002 Ltd Cochvaya Investments Company Ltd Youth Encyclopedia Ltd, R.C.I. Israel (1999) Ltd Orlight Industries (1959) Ltd Binyanei Ziboor Ltd Latsil Finance Services Ltd Dai Telecom Ltd M.G.A.R. Dai Telecom Holdings (2000) Ltd Computerized Billing Center Ltd. D.R.N. Holdings Ltd, Hazera (1939) Ltd Hapoalim LeasingLtd Hapoalim Leasing Services and Private Vehicles Ltd Merkazim Investments Ltd Maoz Financing & Insurance Ltd Hadera Water Resources Ltd Nikom Computers Ltd Nirlat Colors Ltd Al-Daf Engineering Ltd Polar Real Estate International (1997) Ltd Polar RealEstate Ltd Polar Industries Ltd Polar Communications Ltd Polar Infrastructure Ltd Polar Water Infrastructure Ltd Poliger Capital Ltd Polam International Trade Ltd Kaldash Construction Ltd Kaldash Real Estate Ltd Kaldash Industries Ltd Koonras Technologies Ltd Reshet-Noga Ltd H. Alony Enterprises Ltd. There are no further details to be announced pursuant to Schedule 2(g) of theAIM Rules for Companies. Commenting on the appointments, Oozi Cats, Chief Executive of Telit, said: "Theappointments of Mr Avi Israel and Mrs Pnina Bitterman-Cohen further strengthenthe Board and I am confident that their involvement with the Company will helpto take Telit to the next stage in its development as one of the world's leadingproviders of wireless technology." - Ends - For further information:Telit Communications plcOozi Cats, Chief Executive Tel: 00 39 040 419 2491 www.telit.com Media enquiries: AbchurchHenry Harrison-Topham / Chris Lane Tel: +44 (0) 20 7398 [email protected] 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 Wireless Solutions Business Unit which designs, develops,manufactures, markets and sells a range of data cellular communication productsfor the machine to machine ("m2m") market. The Company's technology and productsenable other electronic devices and equipment manufacturers to utilise thewidely deployed GSM/GPRS cellular infrastructure to relay and accept informationwithout human intervention. Telit owns its own protocol stack and supplies A-Zsolutions for the m2m market. • The Wireless Products Business Unit which customises and distributesto mobile operators and to independent retailers, under the recognised brand "Telit", ODM's and OEM's cellular products and other related products andaccessories, utilising its extensive in-house research and developmentresources. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
TCM.L