Telit Wireless Solutions, represented by Glyn High-Tech Distribution, has announced that it has secured an order, worth $10 million over a two year period from a US customer. Further details of the transaction will be announced at a later date.
The $10 million order comes as Telit continues to make gains in the Americas region.
Established in the second half of 2006, Telit Americas obtained, during the first half of the current year, major certifications on the Cingular / AT&T network that support its aggressive sales and marketing efforts and since obtaining these certifications has achieved 25 design wins with new customers in the Americas region.
Revenues from these designs will contribute to significant increases in the performance of the Americas region, which accounted for only 3% of Telit's revenues in the first half of 2007.
In addition, Telit unveiled a strategic agreement with Infineon Technologies AG, for the provision to Telit of 4 million GSM/GPRS chipsets.
Telit will integrate the Infineon GSM/GPRS single chip in its new products scheduled to be launched in Q4 2008. Based on GSM/GPRS single chip integrated component, Telit will be able to offer a new range of ultra-small size M2M modules with embedded functionalities.
"This major US deal is a very important achievement for Telit and demonstrates our leadership position in the M2M market. This deal, combined with the other gains being achieved in the Americas region, once again reflects Telit's growth from a European oriented company to a true global competitor.
The E-GOLDTM family is a highly integrated GSM/GPRS device. The strategic agreement with Infineon emphasises Telit’s expectations regarding the increasing sales volume for its GSM/GPRS modules in 2008 and 2009.