TELESTE CORPORATION STOCK EXCHANGE RELEASE 11.9.2009 AT 10:30
TELESTE RECEIVES A VIDEO NETWORKS ORDER FROM CHICAGO
The Chicago Transit Authority has awarded a contract to Teleste Corporation for
a system-wide security camera control and recording system covering 144 rail
The contract includes the supply, integration, and support of Teleste's VMX
video management and network recording system to accommodate nearly 4,000
cameras at completion. The surveillance of rail stations is increased to better
protect the public against potential terrorism as well as crime.
The system deliveries will be completed by June 2010. In addition the contract
includes two year's extended warranty service agreement. The order value is
approximately EUR 3 million.
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