Telit Expands Latin America Leadership with Expanded Hi-Mix Partnership in Brazil

LONDON, June 2, 2021 /PRNewswire/ -- Telit, a global enabler of the Internet of Things (IoT), today announced an expansion of its partnership with Hi-Mix Eletrônicos S/A, an Electronic Manufacturing Service (EMS) provider in Brazil, to include production of LTE modules. The expansion directly benefits Telit customers in Latin America by enabling them to take advantage of two major tax credits for modules manufactured in Brazil.

The partnership expansion provides device OEMs and systems designers with a 100 percent exemption from Brazil's Imposto sobre Produtos Industrializados (IPI) federal tax levied on imported products if they source Telit's LTE modules from Hi-Mix. In addition, customers receive the Brazil Basic Productive Process (PPB) tax benefit from the purchase of cellular modules made in Brazil.

For over a decade, Telit and Hi-Mix have jointly manufactured 2G and 3G modules in Brazil. Under the expanded partnership, Hi-Mix will initially produce the Telit ML865G1-WW 4G LTE modules in April 2021, with future expansion to manufacture the ME310G1-WW and ME910G1-WW modules as well the LE910S1 Family of LTE modules.

"For over a decade, our partnership with Telit has ensured convenient domestic access to innovative, affordable, high-performance 2G and 3G solutions," said Daniel Carvalho, sales director, Hi-Mix. "This expansion gives Brazil's device vendors and systems designers a broad selection of 4G solutions — and at significant savings compared to imported products."

"By expanding our partnership with Hi-Mix, we've reinforced our commitment to OEMs, systems integrators and other customers in Brazil and the rest of the LATAM region," said Dennis Kelly, senior vice president sales Americas, Telit. "Beginning with the Telit ML865G1-WW, users can leverage both Telit's leadership in LTE and a significant IPI savings, giving them both competitive and financial benefits that wouldn't be possible without our close relationship with Hi-Mix."

About Telit
Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement, with an extensive portfolio of wireless connectivity modules, software platforms and global IoT connectivity services, empowering hundreds of millions of connected 'things' to date, and trusted by thousands of direct and indirect customers, globally. With over two decades of IoT innovation experience, Telit continues to redefine the boundaries of digital business, by delivering secure, integrated end-to-end IoT solutions for many of the world's largest brands, including enterprises, OEMs, system integrators and service providers across all industries, enabling them to simplify, connect and manage IoT at any scale.

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SOURCE Telit