Acquisition of the ATOP Business frAcquisition of the ATOP Business Concludes with the Creation of T

Telit Wireless Solutions, a leading global vendor of high-quality machine-to-machine(M2M) modules, value-added services and solutions, has announced it hasconcluded the acquisition of the Automotive Telematics On-board unit Platform(ATOP) business from Netherlands-based NXP Semiconductors (Nasdaq NXPI). ATOPis an automotive grade solution for vehicle manufacturers to implement eCall orsimilar functionality from a single compact and cost efficient package,delivering reduction in complexity and minimized costs in vehicle designs,customer data as well as regulatory compliance. The company at the same time launchedTelit Automotive Solutions, a new business unit which is to focus exclusivelyon the Automotive OEM and Tier-one markets. The new organization will be headedup by industry veteran and long-time Telit executive, Dominikus Hierl as itsCEO.

With the acquisition concluded, the company will integratethe ATOP business including sales, engineering and support staff into TelitAutomotive Solutions, expanding its market reach with solutions leveraging theexpanded engineering and sales expertise particularly in software-centric RFIsfrom Automotive and Telematics OEMs. The company achieved automotive-criticalglobal ISO/TS16949 certification in July 2012 and maintains one of theindustry’s largest product portfolios for the automotive sector with particularemphasis on advanced technologies such as LTE and HSPA+. Telit has appointedLars Reger, Head of Chip Development and General Manager for New Business inNXP’s automotive business division as a non-executive director of Telit onclosing.

Industry analysts position automotive as the strongestgrowing segment for M2M over the next few years. According to ABI Research’sreport on the global m2m module market published in May 2013, module shipmentsto automotive OEMs will grow from 6 million units in 2013 to 30 million in2018. Regulatory initiatives like eCall in Europe, ERA GLONASS in Russia,DENATRAN 245 in Brazil lend further credibility to the strength of the sectoralong with the much publicized “connected car” trend which is likely to lead to100% penetration of the technology in the very near future.

“This acquisition will take the ATOPtechnology to the next level, by embedding it in a sustainable ecosystem forinnovative and high-quality automotive solutions. We’re confident that ourexpertise will continue to grow under Telit’s leadership in combination withcontinued cooperation from NXP”, said Lars Reger. “NXP will stay highlyinvolved in the future of ATOP by becoming a shareholder in Telit and joiningthe company’s board.”

“The acquisition of ATOP is the catalyst for building a dedicated Automotivebusiness unit to better address Automotive opportunities and execute ourstrategy to become the market leader in this segment,“ said Telit CEO OoziCats. â€œThe ATOP team is talented and enthusiastic to join Telit.Their expertise will be leveraged by positioning their top managers insignificant roles within the new Telit Automotive organization.”

“Togetherwith a significant customer base, ATOP brings additional expertise in automotive platforms to compliment ouralready thriving automotive business“, said Dominikus Hierl, CEO of the newTelit Automotive Solutions. â€œThe multi-service capable platform provides support for a range of featuresfrom its single package, including vehicle location & tracking, remotestarting and diagnostics as well as business applications like fleetmanagement.“

Withover 12 years of unparalleled focus on M2M, reducing technical risk andshortening time to market for OEMs and integrators, Telit’s ONE STOP. ONE SHOPdelivers allnecessary services and products to connect assets to the Internet of Things.Whether sourcing single products or full end-to-end solutions, count on M2M’sbroadest portfolio in cellular, short range and positioning technologies pairedwith m2mAIR services covering application enablement as well as deploymentmanagement & connectivity under mobile networks and over the internet &cloud. Telit benchmark-quality products and services are delivered with globalsupport and logistics exceeding exacting requirements from customers large andsmall. Telit’s ONE STOP. ONE SHOP. delivers the Internet of Things made Plug& Play. Now innovate!

About Telit

Telit WirelessSolutions (AIM:TCM listed as Telit Communications PLC), is a global enabler ofmachine-to-machine (M2M) communications providing cellular, short range andpositioning modules; and m2mAIR, managed and value added services,in application enablement and connectivity under mobile networks andinternet/cloud. Business unit TelitAutomotive Solutions deliversautomotive-grade products and services to auto manufacturers and tier-one autosuppliers; and business unit TelitGNSS Solutions reaches M2Mand beyond, delivering award-winning geo-positioning products to the broaderelectronics and OEM markets. With over 12 years exclusively in M2M, the companyconstantly advances technology through seven R&D centers around the globe;marketing products and services in over 80 countries.

Bysupplying scalable products interchangeable across families, technologies andgenerations, rapid prototyping tools for application development, and m2mtailored connectivity, Telit is able to reduce development costs, protectdesign investments and minimize technical risk. The company provides customersupport and design-in assistance through 32 sales and support offices, a global distributor network of experts with over 30 competence centers, and the Telit Technical Support Forum.

Telitprovides products services and facilities to connect organizations to theInternet of Things (IoT) allowing them to wirelessly collect, process andrespond to real-world data from connected devices, creating new efficiencies,revenue streams, societal and personal benefits. Join the conversation andlearn more about Telit andits customers’ innovative applications on Facebook and Twitter.