Telit Wireless Solutions and Falcom Wireless Communications
Telit Wireless Solutions, Inc., the US-based m2m mobile technology arm of Telit Communications (LSE:TCM), today announced its parent company and Falcom Wireless Communications GmbH, the specialist in wireless communication solutions, have entered into a strategic partnership agreement integrating Telit's GSM/GPRS modules into Falcom's innovative solutions. Effective as of July, the agreement is worth over $3 million and reaches each of Telit Communications' global markets, including North America.
Using the resources of both companies, this partnership provides Falcom access to the Telit's state-of-the-art core technologies while Telit will in turn expand its position in the industry and consumer market. Through Falcom, Telit will be able to serve numerous niche markets either directly or indirectly that require adaptation of the modules to specific needs with rapid implementation. Initial products developed through this agreement include new applications for vehicle and device tracking based on the world's smallest quad-band GSM/GPRS module, Telit's GE864.
This arrangement gives Falcom a GSM network-agnostic component that enables the company to significantly optimize its logistics and establish its development processes with Telit's continued support. Telit will provide Falcom with development-related support functions and in some cases open up sales channels for Falcom products.
Falcom is currently focusing on the development of applications in the segments of automatic meter reading, automated vehicle location (AVL), and personal tracking solutions. By the end of the year, Falcom will have two products ready for series production: the Dinrail Quad, an AMR modem, and the Bolero Quad, a modem equipped with the GE864 and a SiRFstarIII receiver. Cars and devices using either of these devices can be located almost anywhere in the world, making the compact and power-saving devices ideal as stand-alone solutions for fleet management, car security, navigation, and route planning.
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