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Telit awarded Italian govt funds to develop IoT tech

Friday 9 September 2016 | 09:33 CET | News
M2M developer Telit Communications has been awarded a EUR 12.8 million loan and a EUR 3.6 million grant by the Italian government to fund the development of an innovative platform for the application of IOT technologies. Telit said the funding will be distributed by the Ministry of Economic Development (MISE) and will allow it to increase its already significant investments in research and development of new technologies, products, applications and services, above all its family of LTE class 4 gateway products.

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Categories: Mobile & Wireless
Companies: Telit Communications
Countries: Italy
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