LONDON, June 2, 2021 /PRNewswire/ — Telit, a world enabler of the Internet of Things (IoT), as we speak introduced an growth of its partnership with Hi-Mix Eletrônicos S/A, an Electronic Manufacturing Service (EMS) supplier in Brazil, to incorporate manufacturing of LTE modules. The growth instantly advantages Telit prospects in Latin America by enabling them to benefit from two main tax credit for modules manufactured in Brazil.
The partnership growth gives system OEMs and techniques designers with a 100 p.c exemption from Brazil’s Imposto sobre Produtos Industrializados (IPI) federal tax levied on imported merchandise in the event that they supply Telit’s LTE modules from Hi-Mix. In addition, prospects obtain the Brazil Basic Productive Process (PPB) tax profit from the acquisition of mobile modules made in Brazil.
For over a decade, Telit and Hi-Mix have collectively 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 growth to fabricate the ME310G1-WW and ME910G1-WW modules as properly 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,” mentioned Daniel Carvalho, gross 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,” mentioned Dennis Kelly, senior vp gross 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.”
Telit (AIM: TCM), is a world chief in Internet of Things (IoT) enablement, with an in depth portfolio of wi-fi connectivity modules, software program platforms and world IoT connectivity companies, empowering a whole bunch of tens of millions of linked ‘issues’ thus far, and trusted by 1000’s of direct and oblique prospects, globally. With over 20 years of IoT innovation expertise, Telit continues to redefine the boundaries of digital enterprise, by delivering safe, built-in end-to-end IoT options for most of the world’s largest manufacturers, together with enterprises, OEMs, system integrators and repair suppliers throughout all industries, enabling them to simplify, join and handle IoT at any scale.
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