12th Aug 2005 07:00
Telit Communications PLC12 August 2005 Press Release 12 August 2005 Telit Communications plc ("Telit" or "the Company") Agreement to supply GPRS modules in Serbia and Montenegro. Telit Communications plc (AIM:TCM), the global wireless communications developerand distributor, is pleased to announce that it has been chosen by DKTS, aleading systems integrator, to supply GPRS modules for the connection of cashregisters in Serbia and Montenegro. IR Electronic, an Arrow company, will actas Telit's distribution partner in Serbia, Montenegro, Slovenia, Croatia andMacedonia. IR Electronic, a leading distributor in Serbia and Montenegro, is a member ofArrow Electronics Inc. Arrow Electronics, a Fortune 500 company, is a majorglobal provider of products, services and solutions to industrial and commercialusers of electronic components and computer products. Based on new legislation, all cash registers in Serbia and Montenegro must beconnected to the server of the treasury in order to report daily VAT receipts.It is estimated that there are currently 150,000 cash registers in the region. Oozi Cats, Chief Executive of Telit, commented, "We expect Telit's participationin this new application field to lead significant future sales. Severalneighbouring countries having expressed an interest in our technology. This,coupled with our good relationships with other system integrators in the field,will ensure that Telit will be in a prime position to benefit from furtherdevelopments in this area." - Ends - For further information: Telit Communications plcOozi Cats, Chief Executive Tel: 00 39 040 419 2491 www.telit.com Media enquiries:AbchurchChris Lane / Katherine Murphy Tel: +44 (0) 20 7398 [email protected] www.abchurch-group.com Notes to Editors Telit Communications plc is a global business based in Trieste specialising ininnovative customised mass production solutions for cellular communications. TheCompany has two distinct business operating divisions leveraging on its coreintellectual property and know how: • The Data Products Division, 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 Branded Enhanced Value Added Reseller ("EVAR") Division which customises and distributes to mobile operators and to independent retailers, under the recognised brand "Telit", ODM's and OEM's cellular products, utilising its extensive in-house research and development resources With its headquarters in the UK, an R&D site in Italy and a presence in 17countries, the Company has established a prominent position in mobile handsetsand m2m industries in its chosen markets. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
TCM.L