Telit Focuses on NB-IoT Meter Reading Services and Automotive Market
Published2017.02.06 16:40Telit, a specialist in IoT (Internet of Things) modules and platform services, has presented a strategy to strengthen its presence in the IoT market.
Kim Hee-chul, General Manager of Telit's Korea Sales Division, stated, "Recently, mobile carriers are building nationwide NB-IoT networks and preparing for commercialization, so Telit is also developing NB-IoT modules based on various chipset solutions," and added, "Accordingly, we will pursue a win-win strategy that drives business growth by targeting gas, water, and electricity meter reading services and vehicle management fields, which are suitable for long-distance object communication with low power consumption."
Telit has presented its domestic market investment strategy, which includes launching LTE Cat 1 SKT modules, developing modules in preparation for NB-IoT (narrowband IoT) commercialization, and strengthening automotive business models. The company has announced plans to strengthen the remote meter reading (AMI) and fleet management (logistics management for ships, automobiles, and aviation) markets this year.
▲Kim Hee-chul, General Manager of Telit's Korea Sales Division
Telit obtained SK Telecom network interoperability certification for its LTE communication module LE910 in 2014. Recently, the LTE Cat 1 module 'LE866A1-KK' passed KT's network interoperability quality test (QAT), a communication network quality test for performance and stability, and is also preparing to complete SKT certification for LTE Cat 1 modules in the first half of 2017.
Additionally, after establishing the Automotive Business Division in 2014, Telit has built close cooperative relationships with domestic and international automobile manufacturers and has been supplying automotive-dedicated modules. In line with industry trends, continuous development and investment are planned to strengthen new business models. This year, the company is focusing on autonomous driving, eCall (automatic emergency call), and telematics (wireless internet technology for vehicles) and is targeting twofold growth compared to 2016.
Telit plans to drive IoT market expansion through cooperation with telecommunications carriers. In particular, the Korean subsidiary has an R&D center and expects mutual business growth by providing technical support to small and medium-sized development companies.
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