TELESTE CORPORATION STOCK EXCHANGE RELEASE 31.1.2007 AT 13.30
TELESTE RECEIVED AN ADDITIONAL ORDER FROM KOREA
Cableway Communications in Korea has placed an additional order for more EttH
equipment to serve the on-going project at Hanaro Telecom.
The value of the order is EUR 1.3 million and the products are scheduled for
delivery during this quarter.
Teleste is an international technology group founded in 1954, which is
specialized in broadband data communication systems and solutions. The group is
divided into two Strategic Business Units: Broadband Cable Networks and Video
Networks. Broadband Cable Networks serves cable operators and a major part of
its business activities are handled through direct customer contact. Video
Networks supplies solutions for optical signal transmission and video network
management software solutions for video surveillance and a major part of its
business is handled through system integrators. Both Business Units are among
the leading providers in their market areas and are globally recognized for
their know-how and ability to produce technically cutting edge solutions year
after year. In 2006 the group's net sales totalled EUR 101.8 million and the
group employed 621 persons at the year-end. The company has approximately 30
offices world-wide and over 90% of Teleste's net sales are generated outside
Finland. The company is listed on the Helsinki Exchanges. Visit www.teleste.com
for more information.
CEO Jukka Rinnevaara, tel +358 2 2605 866 or +358 400 747 488