Turku, Finland, 2012-11-20 09:30 CET (GLOBE NEWSWIRE) --
TELESTE CORPORATION STOCK EXCHANGE RELEASE 20.11.2012 AT 10:30
TELESTE RECEIVES 4.0 MILLION EURO VIDEO SURVEILLANCE ORDER FROM CHICAGO
Teleste LLC, a fully owned subsidiary of Teleste Corporation, has received a mobile video management and recording solution order for 700 railcars for the Chicago Transit Authority (CTA). The order includes the supply of Teleste's VMX mobile network video recording and management software solutions for onboard recording, IP networking equipment as well as their technical integration into the overall CTA video management system.
Teleste’s video management system and equipment have previously been installed in 146 rail stations within CTA and this order expands this system to an integrated video surveillance solution for a better protection of the public against crime and potential terrorism. Teleste’s onboard solution represents a great expansion potential for other similar projects globally.
The system deliveries are expected to be completed within 2013 and the order value is approximately 4.0 million euros.
Teleste is an international technology group founded in 1954, which is specialized in broadband video and data communication systems and services. The Group is active in two business segments, Video and Broadband Solutions and Network Services; in both fields, we are among the global leaders. Video is at the core of our business activities, with a focus on the processing, transmission and management of video and data for operators and public authorities who provide various video-related information, entertainment and security services to end-users. Video and Broadband Solutions specializes in product solutions for broadband access networks, video service platforms and video surveillance applications. Network Services deliver comprehensive network service solutions including new construction, rebuilding, upgrading, planning and maintenance services of cable networks. In 2011 the Group's net sales totaled EUR 184 million and the Group employed 1,319 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.
For more information visit www.teleste.com.
Deputy CEO Johan Slotte, phone +358 40 5546211
NASDAQ OMX Helsinki