TELESTE CORPORATION STOCK EXCHANGE RELEASE 17.7.2007 AT 16:30
TELESTE SIGNS FRAME CONTRACT FOR FRENCH MARKET
Teleste has signed a frame contract with a major telecom operator for the joint
supply of video surveillance systems and network solutions for the French
market. In this co-operation, Teleste is responsible for the supply of video
surveillance systems and the telecom operator of network solutions. The contract
is for an initial period of two years and the parties expect its value to exceed
two million euros.
The importance of security and video surveillance has received much attention in
France lately and it is expected that investments into video surveillance will
increase in the near future especially in city centres. This co-operation gives
Teleste a very good position to penetrate this growing market.
Teleste, an international technology group founded in 1954, is specialized in
broadband data communication systems and solutions. The group is divided into
two strategic business areas: 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 areas 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 OMX Nordic Exchange. Visit www.teleste.com for more information.
CEO Jukka Rinnevaara, tel +358 2 2605 866 or +358 400 747 488
OMX Nordic Exchange Helsinki Oy