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Telit Communications PLC
Telit completes certification for LTE Cat 1 modules with Voice over LTE
London, 24 October 2017 – Telit Communications PLC (“Telit”, “the Group”, AIM: TCM), a global enabler of the Internet of Things (IoT), today announced that its portfolio of LTE Category 1 (Cat 1) modules supporting Voice over LTE (VoLTE) technology are now available for operation on Verizon’s 4G LTE network.
IoT integrators are now able to take advantage of the new and cost-effective standard for cellular voice communication, essential for the long-term evolution of voice-dependent applications in the IoT.
Yosi Fait, Telit’s Interim Chief Executive Officer, said:
“The delay in this VoLTE certification, as previously mentioned, was one of the reasons for our revenue shortfall in the first half. However, in line with our existing expectations, this certification clearance will enable us to ramp up the shipping of these modules in 2018.
"The IoT industry is mainly focused on data traffic, but voice communication, either by itself or simultaneously with data, is essential for applications like home security systems.
“As a major supplier to the IoT segment of security and surveillance and many others dependent on voice, we are intent on continuing to deliver achievements like this certification."
Integrators and providers looking for lower costs, security and extended product lifecycles now have more options with the Telit LE910-SVx Verizon certified LTE Cat 1 VoLTE modules. The combination of LTE Cat 1 technology with VoLTE support makes these modules ideal for new and existing applications in segments such as home and business security, people tracking, wellness monitoring for the elderly and convalescent, smart home, and smart buildings.
Enquiries:
Telit Communications PLC
Shir Stopper, Investor Relations Tel: +972 3 7914000
finnCap (Nomad and joint broker)
Henrik Persson/Giles Rolls (corporate finance)
Tim Redfern/Richard Chambers (corporate broking) Tel: +44 20 7220 0500
Berenberg (Joint Broker)
Chris Bowman/Mark Whitmore/Ben Wright Tel: +44 20 3465 2722
Instinctif Partners Tel: +44 20 7457 2020
Adrian Duffield/Chantal Woolcock
About Telit
Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement. The company offers the industry’s broadest portfolio of integrated products and services for end-to-end IoT deployments – including cellular communication modules in all technologies, GNSS, Wi-Fi, short-to-long range wireless modules, IoT connectivity plans and IoT platform services. Through the IoT Portal, Telit makes IoT onboarding easy, reduces risk, time to market, complexity and costs for asset tracking, remote monitoring and control, telematics, industrial automation and others, across many industries and vertical markets worldwide.
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