TELESTE CORPORATION STOCK EXCHANGE RELEASE 17.9.2009 AT 15:00
TELESTE COMPANY MKS IN GERMANY RECEIVES AN ADDITIONAL ORDER FROM NETCOLOGNE
German cable operator NetCologne GmbH has granted an additional order
concerning fibre network upgrade project to Teleste's local service company.
NetCologne is mainly operating networks in Cologne and Bonn areas.
The project lasts less than a year and it's provided by Teleste as a turn-key
project. The order value is EUR 1.0 million and the deliveries will start at
the yearend 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 2008 the group's net sales totalled EUR 109 million and the
group employed 677 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 NASDAQ OMX Helsinki Ltd.
Visit www.teleste.com for more information.
CEO Jukka Rinnevaara, tel +358 2 2605 866 or +358 400 747 488
NASDAQ OMX Helsinki