Telit expands influence on 'thriving' Chinese market with new deal

China Unicom will also use the deviceWISE IoT platform, which allows for faster and easier deployment of technology and provides the ability to simply connect industrial assets and machines, to support the rapidly expanding deployment of its growing installed base.

Paolo Dal Pino, executive chairman of Telit, said: "Our new relationship with China Unicom is a key development in growing our IoT module and solution market share in one of the world's largest, fastest-growing economies. We are delighted to be working with China Unicom to deliver best in class IoT solutions to customers in the thriving Chinese IoT market."

AIM-traded Telit has long been a champion of the ‘Internet of Things’, aiming to assist companies with digital transformation of their operations.

Chen Xiaotian, general manager of China Unicom Internet of Things, said: "As the third wave of world information industry development, the internet of things has huge market space. China Unicom IoT has provided IoT services to 20,000 industry customers and 100m connected devices."

Telit’s shares were down 0.06% at 155.00p at 0936 BST.