Telit Communications PLC Provides Revenue Guidance for 2020

Telit Communications Limited is a United Kingdom-based enabler of machine-to-machine (M2M) communications providing cellular, short-range and positioning modules via its brand Telit Wireless Solutions. The Company provides IoT data plans, IoT connectivity management tools, subscriber identity module (SIM) cards, embedded SIM and value-added services. The Company is organized into three geographical segments: EMEA, APAC and Americas. Through its business unit m2mAIR, Telit provides a platform as a service (PaaS), including M2M managed and value-added services, application enablement and connectivity, including mobile network side and cloud backend services. The Company's modules are integrated in applications, such as asset tracking, remote industrial monitoring, automated utility meter reading, insurance telematics, consumer electronics and mobile health devices.