10th Oct 2012 07:00
TELIT COMMUNICATIONS PLC
("Telit" or the "Company")
Trading Update for nine months ended 30 September 2012 and full year trading outlook
The Board of Telit (AIM: TCM) announces that its revenues for the nine months ended 30 September 2012 were $150 million (9 months 2011: $128.5 million), a growth of 16.7%.
The board anticipates that the trading outlook for the full 2012 will be in line with market expectations.
For further information:
Telit Communications PLC | Tel: +39 06 4204601 |
Oozi Cats, CEO | |
Yosi Fait, Finance Director | |
Canaccord Genuity Limited Nominated Adviser Simon Bridges
| Tel: 0207 523 8000 |
Notes to editors
Telit is a global leader of machine-to-machine (M2M) communications providing wireless module technology via its brand Telit Wireless Solutions, enhanced by managed and value added services, including connectivity via its business unit m2mAIR. Telit has been dedicated to M2M communications for over 12 years and is constantly advancing technological leadership from 6 R&D centers around the globe. Telit offers an extensive portfolio of quality cellular, short-range, and GNSS modules.By supplying business scalable products interchangeable across families, technologies, and generations, Telit is able to keep development costs low and uniquely protect customers' design investments.
Value added services from m2mAIR combine solutions for module, SIM, and subscription management with M2M connectivity, delivering business value through enhanced network performance, cost control, security, and troubleshooting. m2mAIR provides its customers with international coverage, m2m service management platform and allows blue chip customer pricing even for small-mid size customers.
Telit sells its products through a network of 27 sales offices and over 50 distributors to more than 5,000 customers in 80 countries around the world.
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