Telit bags $30 mn IoT deal for a Netherlands project

Telit IoT solutions
Telit has bagged an Internet of Things (IoT) deal valued at more than $30 million to supply CDMA 450 MHz modules to a smart meter vendor for a Netherlands project.

Dutch utility companies will deploy smart electricity meters nationwide over five years starting in 2016. The Internet of Things allows electrical utilities to better balance energy supply and demand during peak and off-peak times – reducing overall consumption and lowering utility bills.

The single-band CE910-SL is designed specifically for applications in areas where CDMA450 coverage exists as a commercial mobile network operation or where it can be licensed to be developed as a private network by utilities, emergency response organizations, and other similar government and private groups.

Telit launched the CE910-SL this year to capitalize from the opening of new markets resulting from some European governments’ decision to offer 450MHZ spectrum.

The CE910-SL provides in-building performance making it ideal for smart utility meters installed deep inside residential or commercial dwellings.

“The CE910-SL is a remarkable success story for us. It went from concept to commercial product in less than a year; and qualified us uniquely to supply to projects like this one in the Netherlands,” said Yosi Fait, president of Telit.

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