The contract is with an unnamed system integrator, and Telit chief executive Oozi Cats told Computer Business Review that his company won the order against competition from Ericsson and machine-to-machine specialist Wavecom SA. He said Telit was able to put on the table features the client couldn’t get from rivals.
Automatic meter reading is expected to be a massive growth area as utilities seek to cut one of their biggests costs as deregulation is rolled out in all 25 European Union member states.
Consultancy E-principles forecasts that by 2011 the number of m2m connections will exceed the number of conventional wireless subscribers in North America, Europe, and Japan.
London stock exchange-quoted Telit expects to start delivering its first modules in February 2006 when it anticipates revenue of 8m euros ($9.6m) from the deal.
Cats said the agreement with what he described as one of the world’s leading system integrators emphasizes the need for m2m GPRS products. This project gives good visibility for our future earnings, he said. He said other deals are in the pipeline.
