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Global agreement with Deutsche Telekom & T-Mobile

1st Feb 2010 07:55

RNS Number : 4274G
Telit Communications PLC
01 February 2010
 



Telit Communications Plc

("Telit Communications" or the "Company")

 

 

Deutsche Telekom, T-Mobile and Telit sign global agreement to work together in the growing M2M market

 

Deutsche Telekom AG, T-Mobile GmbH and Telit Communications PLC have signed a strategic collaboration agreement which will see the three companies working together, worldwide. Telit ranks among the leading providers of technologies for mobile machine-to-machine (M2M) communication. The partners in the venture will be working closely together on sales and marketing in their target markets and plan to jointly develop innovative M2M products and services in the future. Customers will benefit from integrated solutions for the networking of vehicles, machines, measurement and control modules and other objects, as well as a comprehensive range of customised services.

 

"As the operator of an extensive, mature mobile phone network, the M2M market offers us enormous potential for growth," says Mark Büsgen, head of business development for corporate clients at T-Mobile Deutschland. "For an especially innovative M2M supplier like T-Mobile, partnering with Telit will enable us to exploit this potential even further and lastingly expand our customer base. Telit understands what users need and therefore represents an important partner for us."

 

Dominikus Hierl, Managing Director Strategic Accounts & Corporate Business Development at Telit Communications PLC, adds: "A leader in innovation in the world of M2M, Telit is pursuing a strategy that involves offering its customers the highest levels of quality, long-term solutions and comprehensive, individual customer support. We are moving in the same direction as Deutsche Telekom and T-Mobile. This strategic collaboration agreement provides us with the perfect foundations on which to develop new customer segments and innovative M2M solutions and services."

 

Deutsche Telekom, T-Mobile and Telit will be pooling their expertise based on the terms of a memorandum of understanding. The clear objective in doing so will be to develop each of the partners' positions in the growing market for M2M solutions, internationally. The agreement covers the areas of product development - including the simplification and standardisation of products - sales and marketing. In particular, the companies plan to identify relevant target markets in the telematics, fleet management, navigation, smart metering (remote metering), vending machine and security segments. T-Mobile and Telit will be looking to work closely together in developing and marketing innovative M2M solutions.

 

Telit Communications PLC

 

Alexander Bufalino

VP Global Marketing

Wireless Solutions

Telit Communications PLC

Via San Nicola da Tolentino 1/5

00187 Rome - Italy

Tel.: 0049-160-96 00 46 13

Tel.: 0039-335-87 45 345

E-Mail: [email protected]

 

Veronika Ott / Jens Bohl

Maisberger GmbH

Kirchenstrasse 15

81675 Munich

Tel.: 0049-89-41 95 99 -51 / -88

Fax: 0049-89-41 95 99 12

E-Mail: [email protected]

 

 

Astaire Securities Plc, Nominated Adviser

Shane Gallwey / Stuart Lane

020 7448 4400

 

 

Deutsche Telekom AG

Corporate Communications

 

Tel.: +49 (0)228 181 4949

E-mail: [email protected]

 

Further information for journalists: www.telekom.com/presse

 

 

 

 

 

 

 

About Deutsche Telekom AG

 

With over 150 million mobile phone customers, plus around 39 million landline and approximately 17 million broadband connections (as of 30 September 2009), Deutsche Telekom ranks among the leading integrated telecommunications companies worldwide. Its product range includes T-Home (landline telephony, broadband Internet), T-Mobile (mobile phones) and T-Systems (ICT solutions). An international company with a presence in around 50 countries and approximately 260,000 employees worldwide (as of 30 September 2009), Deutsche Telekom derives more than half of its revenues, which totalled 61.6 billion Euros in 2008, from outside Germany.

 

For further information, please visit: www.telekom.com

 

 

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 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.

 

Stay up to date with the latest news from Telit Wireless Solutions on twitter (Telit_WS) and Facebook!

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