21st May 2008 16:32
Telit Communications Plc ("Telit" or the "Company")
AGM Results and Trading Update
Telit announces that at the AGM held today all resolutions were duly passed. The Company is also pleased to announce that trading to date this financial year is in line with market expectations. Telit sees the global m2m market continuing to enjoy an annual growth rate in excess of 20 per cent. and the Company is achieving an annual growth rate higher than the market as a whole. The disposal of the Italian division of Telit Wireless Products ("TWP") was completed as previously announced; the Company has converted the Israeli division of TWP into a wireless solutions centre as an integral part of its ongoing wireless solutions business.
For further information, please contact:
|
Telit Communications PLC Maya Lustig, VP Investor Relations |
Tel: +972 (3) 7914040 |
|
Seymour Pierce Limited Stuart Lane |
Tel: +44 (0) 20 7107 8000 http://www.seymourpierce.com |
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