Turku, Finland, 2012-02-09 09:40 CET (GLOBE NEWSWIRE) --
TELESTE CORPORATION STOCK EXCHANGE RELEASE 9.2.2012 AT 10:40
TELESTE RECEIVES VIDEO SURVEILLANCE ORDERS FROM THE TEXAS DEPARTMENT OF TRANSPORTATION
The Texas Department of Transportation, TXDOT, has placed orders for Teleste single and multi-channel MPEG-4 video encoders and decoders and field hardened Ethernet switches.
The orders are valued at approximately EUR one million and the equipment will be deployed by April, 2012 in the Houston and Fort Worth districts as part of ongoing expansion of existing Intelligent Transportation System Networks for use in monitoring and managing traffic flows.
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.
CEO Jukka Rinnevaara, phone +358 2 2605 866 or +358 400 747 488
NASDAQ OMX Helsinki