TELESTE CORPORATION STOCK EXCHANGE RELEASE 6.8.2008 AT 11:30
TELESTE RECEIVES AN ORDER FROM ZIGGO, THE NETHERLANDS, FOR THE DELIVERY OF
Teleste has been selected by Ziggo to deliver their new compact node platform
for upgrading their cable networks to anticipate to future capacity needs. The
value of the initial order is approximately one million euros.
This is Teleste's first major order for Ziggo, Dutch largest cable operator
(3.49 million subscribers) arise from the recent merger of @ Home (the former
Essent Kabelcom), Casema and Multikabel.
Teleste's solution is based on the successful AC800 platform. It combines a
perfect price performance with sophisticated management facilities.
This strategic order positions Teleste in the forefront of the Dutch cable
television suppliers. The majority of the order is to be delivered during 2008
and Q1 2009
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 2007 the group's net sales totalled EUR 125.1 million and the
group employed 672 persons at the year-end. The company has approximately 30
offices world-wide and over 91% of Teleste's net sales are generated outside
Finland. The company is listed on the OMX Nordic Exchange Helsinki.
Visit www.teleste.com for more information.
Mr Jukka Rinnevaara President and CEO, tel +358 2 2605 866 or +358 400 747 488
OMX Nordic Exchange Helsinki