23rd May 2011 11:51
Press Release |
23 May 2011 |
Telit Communications PLC ("Telit" or the "Company")
Result of Annual General Meeting
Telit Communications PLC (AIM: TCM), a global leader in machine-to-machine communications, is pleased to announce that, at the Annual General Meeting held earlier today, all resolutions were duly passed by shareholders.
For further information:
Telit Communications PLC | Tel: +39 06 4204601 |
Oozi Cats, CEO | |
Yariv Dafna, CFO
| |
Investec Bank Andrew Pinder / Patrick Robb / Dominic Emery
| Tel: +44 20 7597 4000 |
Financial Dynamics | Tel: +44 20 7831 3113 |
James Macey White / Clare Thomas |
Notes to editors
Telit is a global leader in the development and manufacture of wireless machine-to-machine ("m2m") communication modules for a variety of applications. Through its 20 sales offices and more than 50 distribution channels, Telit covers more than 60 countries supporting about 1,000 customers with products in manufacture and about 2,000 customers which are in product design discussions or process.
It is the third largest supplier of m2m modules in the world with a market share of approximately 16%. In March 2011, Telit completed the strategically important acquisition of Motorola m2m for a consideration of $22.5 million, which will further strengthen its strong competitive market position.
Telit is one of the few companies in the industry with full control over the underlying technologies in its products. It owns valuable patents and boasts strong in-house technology and research and development expertise.
Telit is listed on AIM (Ticker: TCM). www.telit.com
Related Shares:
TCM.L