Telit announces CEO Cats has resigned and Board is to be reinforced with three more non-execs

Telit Communications PLC, a global enabler of the Internet of Things (IoT), announced that Oozi Cats, has resigned from the Board and his employment with immediate effect.

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Yosi Fait made Telit interim CEO as Oozi Cats takes leave of absence linked to ‘historical indictments’

Telit Communications PLC (AIM: TCM), has appointed its president and financial director, Yosi Fait, as interim CEO, taking over from Oozi Cats. The news follows reports that the global Internet of Things (IoT) enabler has agreed to a request from Oozi Cats, to take “leave of absence”.

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Telit invests in software and platform, developing connectivity technologies and strategic partnerships

Oozi Cats, the chief executive officer and co-founder of Telit, talked to Ahmed Ali, a senior analyst at Analysys Mason, about Telit’s IoT vision, partnership strategy and opportunities within the IoT edge.

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Telit acquires IP and cellular module products from Novatel Wireless for US$11m

Telit Communications PLC, a global enabler of the Internet of Things (IoT), has agreed to acquire several cellular module product lines, related IP and related assets from Novatel Wireless, Inc.

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Telit’s 2015 results show EBITDA up 31% to $45.3m, CEO expects further benefits of scale

Telit Communications PLC, a global enabler of the Internet of Things (IoT), has published its preliminary results for the year to December 31, 2015. Revenues for the year rose 13.4% to US$333.5 million (2014: $294 million).

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Telit acquires key Stollmann wireless communications assets to boost capabilities in low-power IoT market

Telit has agreed to acquire Bluetooth, Bluetooth Low Energy (BLE) and Near Field Communication (NFC) assets in hardware and software from Stollmann Entwicklungs und Vertriebs Gmbh in Hamburg, Germany.

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Telit expands Qualcomm-based portfolio with LTE Concept product, and builds Intel® collaboration

Mobile World Congress, Barcelona, Spain. February 25, 2013 – Telit Wireless Solutions today announced the expansion of its long-standing relationship with Qualcomm Technologies, Inc. At the same time it is expanding its mobile computing offerings with Intel®

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Telit moves into the black

Machine-to-machine communications company Telit has posted preliminary net profits of US$8.4m for the year ending 31 December 2010 against a loss for the previous year of $4.2m.

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