30th Jul 2007 07:01
Telit Communications PLC30 July 2007 Telit and Arrow Sign Distribution Agreement in Asia-Pacific: Arrow Asia and Telit Wireless Solutions strengthen cooperation in the Asia-Pacific Markets Seoul / Rome, 30 July 2007 - Telit Wireless Solutions Co., Ltd, the Korean-basedmachine-to-machine (M2M) mobile technology arm of Telit Communications, signs adistribution contract with Arrow Asia Pac. Under the terms of the agreement,Arrow will provide sales, marketing and technical service support to promoteTelit's wide range of innovative M2M modules in the Asia Pacific region. Arrow Asia is one of the region's leading distributors of qualitysemiconductors, passive components, electromechanical and connector products.The company serves more than 10,000 original equipment and contractmanufacturers and commercial customers in the Asia Pacific region. "I am convinced that both Telit and Arrow will realize tremendous benefits fromthis agreement," said S.G. Kang, President of Telit Wireless Solutions Co., Ltd."Cooperating with Arrow, Telit will gain advantage primarily through its highermarket penetration in the Asia Pacific M2M market. " "Leveraging our existing relationship with Telit in European countries, we arepleased to be working together to explore the high potential growth of theAsia-Pacific M2M market," said Peter Kong, President of Arrow Asia Pac Ltd. "This collaboration will allow Arrow's extensive customer base to gain access toTelit's wide range of cutting-edge and competitive wireless solutions. WithArrow's robust demand creation capabilities, technical service expertise andstrong distribution network, we look forward to helping Telit expand itsbusiness in the Asia Pacific region." About Telit Telit is a rising global wireless technology company. It develops, manufacturesand markets GSM/GPRS, UMTS/HSDPA and CDMA/EVDO enterprise communication modulesfor machine-to-machine (m2m) applications which streamline business processes byenabling machines, devices and vehicles to communicate via mobile networks.Telit's products are sold and deployed worldwide through offices in China,Denmark, France, Germany, Great Britain, Israel, Italy, Korea, Spain, Taiwan,and the USA. Telit Communications PLC is listed on the AIM (Ticker: TCM). Formore information about the company, please visit www.telit.com. About Arrow Asia Pac As a business unit of Arrow Electronics, Inc. (NYSE: ARW), Arrow Asia Pac is oneof Asia Pacific's leading electronic component distributors. In addition to itsregional headquarters in Hong Kong, Arrow Asia Pac operates 50 sales offices,four primary distribution centers and 12 local warehousing facilities in elevencountries/territories across Asia. Providing a full range of semiconductors, passive, electromechanical andconnector products from over 60 leading international suppliers, Arrow Asia Pacserves more than 10,000 original equipment and contract manufacturers andcommercial customers in Asia Pacific. Visit us at www.arrowasia.com. For further information please contact: Telit Communications plcMaya Lustig, VP Investor Relations Tel: +972 (3) [email protected] Seymour Pierce LimitedStuart Lane Tel: +44 (0) 20 7107 8000 www.seymourpierce.com The Global Consulting GroupJonathan Shillington Tel: +44 (0) 7900 053 [email protected] http://www.hfgcg.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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