LONDON (Thomson Financial) - Wireless technology company Telit
Communications Plc. said trading to date this financial year is in line with
market expectations.
Telit said it sees the global machine-to-machine (m2m) market continuing to
enjoy an annual growth rate of above 20 percent and the company is achieving an
annual growth rate higher than the market as a whole.
The company said it has converted the Israeli division of Telit Wireless
Products into a wireless solutions centre as an integral part of its ongoing
wireless solutions business.
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