Telit

Telit is an Internet of Things (IoT) and Machine to Machine (M2M) communications company headquartered in London, UK. It is a public company listed on AIM (AIM: TCM) with main operation in Trieste, Italy.[2]

Telit Communications
Public
IndustryInternet of Things (IoT) and Machine to Machine communications
FoundedTrieste, Italy (1986)
Headquarters
London, UK
,
Italy
ProductsTelecommunications
Revenue$392.5 Million (2019)[1]
Number of employees
850 (2020)
Websitewww.telit.com

Overview

Telit is a M2M modules maker providing IoT edge-to-cloud services including connectivity plans, IoT SIMs, IoT embedded software and PaaS IoT deployment managed services. It operates two business units: IoT modules and subscriptions & managed services.[3]

The company has regional headquarters in EMEA (Trieste, Italy and Tel Aviv, Israel), North America (Durham, North Carolina), Latin America (São Paulo, Brazil), and APAC (Seoul, Korea).

The company developed the ball-grid-array (BGA) module;[4] the “Family” and “Unified-Form-Factor” concepts;[5] the smallest GPS receiver module;[6] a Gigabit LTE data card module;[7] a 5G data card module;[8] simWISE, integrated SIM technology with data subscription services;[9] OneEdge, an IoT deployment management tool;[10] deviceWISE® Industrial IoT Integration and Enablement Platform;[11] Telit IoT Portal, a Cloud-Based Platform as a Service for IoT; and Telit secureWISE, a Secure IIoT Platform for Industrial Systems.[12]

The company also provides cellular, short-range, and global navigation satellite system (GNSS) modules.[13] The products are available in over 80 countries from 20 sales offices, supported regionally from 12 application engineering hubs.[14]

Its module portfolio includes products in GSM/GPRS, EDGE, UMTS, HSPA, LTE (including NB-IoT, LTE-M, Categories 1, 4, 6, 9, 11, Gigabit LTE Category 18), 5G products as well as Wi-Fi, Bluetooth and GPS/GNSS modules. Its module families feature a single form factor that is interchangeable across regional cellular networks, technologies and standards.[15]

History

In 1986, the company started as Telital and Telital Automotive providing R&D services to multinational telecoms. In 1997, it began manufacturing products under the Telital brand and later rebranded to Telìt. It launched an M2M module called Datablock in 1998.[16]

The company concluded its IPO in 2005 raising capital to finance regional and business expansion. In 2006, with the acquisition of Bellwave, a regional headquarters was opened in Seoul.[17] At the same time, offices in North America were also opened in North Carolina. In 2008, it further expanded with regional operations in São Paulo, Brazil; Johannesburg, South Africa and Ankara, Turkey.

In 2009 Telit acquired France-based One RF.[18] It also launched Infinita Services to simplify M2M solution deployment and maintenance of device software, and a short-range GSM/GPRS module, the GE865-QUAD.

In March 2011, Telit acquired Motorola Solutions' M2M modules business unit. The acquisition brought Telit’s consolidated pro forma revenues to approximately $180 million for the year ended 31 December 2010.[19] In January 2012 Telit acquired Navman Wireless OEM Solutions for $3 million in cash, which gave the company a dedicated GNNS research and development unit.[20]

In July 2012, Telit formed a new business unit, m2mAIR,[21] to offer M2M services. m2mAIR offers module and subscription lifecycle management via a Software as a Service (SaaS) platform and global wireless coverage in partnership with Telefónica.[22] It also includes the Jupiter SL869 multi-constellation GNSS receiver supporting GPS, GLONASS, Galileo and QZSS; followed by the 3D-SiP based SE880.

In 2013, the company acquired US-based ILS Technology LLC, a provider of industrial automation and IoT cloud platform.[23] It also acquired CrossBridge Solutions[24] and NXP B.V., NXP’s ATOP business and a fully owned subsidiary of NXP Semiconductors N.V. (Nasdaq: NXPI) adding to the company's company’s OEM automotive products unit.[25] The OEM automotive product business unit was divested in 2019 and sold to TUS International for $105 million. With the divestiture, Telit redeployed all remaining corporate assets to focus on IoT and cellular broadband solution enablement.[26]

In late 2017, Run Liang Tai Management in Hong Kong built a 14 percent stake in Telit.[27] In December 2017, the company's share price dropped after revelations of former CEO Oozi Cats undisclosed criminal record.[28]

Research and Development (R&D)

The Trieste R&D center is the company's primary engineering, design and development facility. It is complemented with facilities in Cagliari. This center focuses on the advancement of 4G LTE Categories 4, 1, Mobile IoT standards LTE-M and NB-IoT and hardware design for short range wireless and Wi-Fi products. It is also the R&D base for the Telit simWISE integrated SIM (iUICC) product and Telit OneEdge, software suite and tools for IoT deployment management. The facility also houses the company's advanced RF lab.

The California center, located in Foothill Ranch, is the primary development site for the company's positioning technology products - GPS, GNSS. The center includes hardware and software design expertise as well an advanced lab for satellite positioning testing and validation for the various constellation standards. The Florida center in Boca Raton, houses software engineering and R&D in charge of advancing cloud and platform technologies. It is the lead software development center for Telit Connectivity, Telit simWISE, Telit OneEdge and deviceWISE IoT/Industrial IoT platform.

The R&D center in Seoul (Korea) is the company’s primary APAC hardware R&D center is located in Seoul, South Korea, and is the development site for the cellular broadband products in 5G, and in 4G LTE Categories 1 and above.

The Bangalore (India) software competence hub is for short-range wireless technologies. The Bangalore center develops system and application software for the company's cellular, Wi-Fi and Bluetooth modules.[29]

References
  1. "Telit Communications: Revenue". www.sharecast.com.
  2. "Telit - company profile". Crunchbase.
  3. "Telit Communications". Bloomberg.
  4. Lück, Folker. "Swiss watch with GSM / GPRS module". CRN (in German). CRN. Retrieved October 23, 2012.
  5. Staff (24 September 2014). "Telit Introduces Jupiter SL869-V2S GPS Module". GPS World. Retrieved September 24, 2014.
  6. "Telit launches ultra-compact GPS receiver module based on 3D embedded technology". kidd.co.kr (in Korean). Retrieved 11 January 2012.
  7. GNSS, Inside (15 May 2018). "Telit's LM960 Described as First 1Gbps-class LTE Mini PCIe Card". Inside GNSS.
  8. Leake, Fiona. "Telit releases first industrial grade 5G data card". www.5gradar.com. Retrieved 5 November 2019.
  9. "Telit's simWISE Embedded SIM Technology Supports 5G-Ready LTE-M". RCR Wireless News. 13 November 2019.
  10. "Telit ME910G1-W1 Module AT&T Certified for LTE-M and NB-IoT Use". Yahoo Finance. Retrieved February 26, 2020.
  11. "Telit Receives 2019 IoT Platforms Leadership Award from IoT Evolution". Yahoo Finance. Retrieved March 12, 2020.
  12. Staff (3 April 2017). "IoT News - Telit Celebrates Its 100th Connected 300mm Semiconductor Fab". IoT Business News. Retrieved April 3, 2017.
  13. Staff (15 June 2018). "GNSS IoT Positioning: From Conventional Sensors to a Cloud-Based Solution". Inside GNSS.
  14. "Global Telit Locations". Telit.com.
  15. "Equipment Authorization Search". Federal Communications Commission.
  16. Office (2002). Official Gazette of the United States Patent and Trademark Office: Patents. U.S. Department of Commerce, Patent and Trademark Office.
  17. Gabay, Eran (30 May 2006). "Telit Buys South Korean Machine-2-machine Communications Firm". Haaretz.
  18. Pelé, Anne-Françoise (5 November 2008). "Telit acquires French M2M startup -". EETimes.
  19. "Telit Buys Motorola Solutions' M2M Modules Business for $23M". www.rrmediagroup.com. Retrieved March 2, 2011.
  20. News. "Telit Wireless Solutions To Acquire Navman Wireless OEM Solutions". www.fieldtechnologiesonline.com. Retrieved December 22, 2011.
  21. "Telit establishes m2mAIR Business Unit offering managed services including connectivity for Machine-to-Machine (M2M)". Telit.com.
  22. Connected World, New Services Add Value to M2M, July 13, 2012 Archived July 18, 2012, at the Wayback Machine
  23. Tech staff (6 September 2013). "Telit acquires ILS and expands into M2M cloud services". CIOL.
  24. Telit Communications To Buy Crossbridge Solutions Archived December 10, 2015, at the Wayback Machine RTT News 1/2/2013
  25. Telit Acquires NXP’s Automotive Telematics Onboard unit Platform for $9m
  26. "Telit sells automotive chip unit for $105m to Chinese buyer". Financial Times.
  27. "Telit attracts private equity interest amid Chinese stakebuilding". Financial Times.
  28. Rovnick, Naomi. "Tech group Telit secures reprieve from banks". Financial Times. United Kingdom. Retrieved December 29, 2017.
  29. "R&D Centers". Telit.com.
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