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TCM Telit Communications Plc

229.00
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Telit Communications Plc LSE:TCM London Ordinary Share GB00B06GM726 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 229.00 229.00 229.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Telit Selected by China Unicom IoT to Accelerate Industrial IoT

11/10/2018 8:00am

PR Newswire (US)


Telit Communications (LSE:TCM)
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LONDON, Oct. 11, 2018 /PRNewswire/ -- Telit, a global enabler of the Internet of Things (IoT), today announced a contract with China Unicom IoT Co., Ltd, which will use Telit's deviceWISE IoT Platform to streamline the process of integrating and managing IoT devices and applications.

(PRNewsfoto/Telit IOT Platforms)

The agreement is a major milestone in Telit's go-to-market strategy for China and the latest example of its global recognition as a leader in enabling businesses to achieve IoT's bottom-line and competitive benefits faster.

China Unicom IoT will leverage the Telit deviceWISE IoT Platform to support the rapidly expanding deployment and device management needs of their growing install base. In addition, deviceWISE will be provide the ability to address the Industrial IoT (IIOT) market by providing the ability to natively connect the vast array of industrial assets and machines thereby giving manufacturing companies the data they need to improve productivity. With the Telit IoT platform, the need for custom coding and other expensive, time-consuming integration tasks is eliminated allowing for faster and easier deployment.

"Telit is honored to be working with China Unicom IoT to deliver a best in class IoT solutions to customers in the thriving Chinese IoT market," said Paolo Dal Pino, Telit Executive Chairman. "Our new relationship with China Unicom IoT is key for growing the Telit IoT module and IoT solution market share in one of the world's largest, fastest-growing economies."

 "As the third wave of world information industry development, the Internet of Things has huge market space. China Unicom IoT has provided IoT services to 20,000 industry customers and 100 million connected devices," said Chen Xiaotian, General Manager of China Unicom IoT Internet of Things Limited. "Facing the rapid growth of the number of devices, we believe that through the new relationship with Telit, our customers can enjoy more efficient business development, better service experience and higher value returns."

For more information, visit https://www.telit.com/m2m-iot-products/iot-platforms/telit-devicewise-for-factory-iiot-platform.

About Telit
Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement, with an extensive portfolio of wireless connectivity modules, platforms, virtual cellular IoT operator services, and professional services, empowering hundreds of millions of connected 'things' to date, and trusted by thousands of direct and indirect customers, globally.  With nearly two decades of IoT innovation experience, Telit continues to redefine the boundaries of digital business, by delivering secure, integrated end-to-end IoT solutions for many of the world's largest brands, including enterprises, OEMs, system integrators and service providers across all industries, enabling their pursuit of enterprise digital transformation.

Copyright © 2018 Telit Communications PLC. All rights reserved. Telit and all associated logos are trademarks of Telit Communications PLC in the United States and other countries. Other names used herein may be trademarks of their respective owners.

Media Contacts

Leslie Hart
Telit
919-415-1510
Leslie.Hart@Telit.com

Gaby Lechin
Valerie Christopherson
GRC for Telit
+1 949 608 0276
telit@globalresultspr.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/telit-selected-by-china-unicom-iot-to-accelerate-industrial-iot-300729002.html

SOURCE Telit

Copyright 2018 PR Newswire

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