Turku, Finland, 2013-01-21 09:15 CET (GLOBE NEWSWIRE) --
TELESTE CORPORATION STOCK EXCHANGE RELEASE 21.1.2013 AT 10:15
TELESTE CONTINUES TO EXPAND CHICAGO TRANSIT AUTHORITY VIDEO SURVEILLANCE SYSTEM
Teleste LLC, a fully owned subsidiary of Teleste Corporation, was awarded to expand the enterprise video recording system for the Chicago Transit Authority (CTA). The project includes supplying a network video recording platform for video surveillance cameras in various strategic locations. In addition to hardware and software products, the project includes three year maintenance and support.
The value of this additional project for Teleste is estimated to 1.4 million euros and it is planned to be delivered during 2013.
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