TELESTE RECEIVES 1.1 MILLION EURO VIDEO SURVEILLANCE ORDER FROM CTA

Turku, Finland, 2013-08-12 09:00 CEST (GLOBE NEWSWIRE) --
TELESTE CORPORATION STOCK EXCHANGE RELEASE 12.08.2013 AT 10:00

 

TELESTE RECEIVES 1.1 MILLION EURO VIDEO SURVEILLANCE ORDER FROM CTA

Teleste LLC, a fully owned subsidiary of Teleste Corporation, has received a mobile video management and onboard recording solution order for Chicago Transit Authority (CTA) railcars. The order includes the supply of Teleste VMX series mobile network video recorders, video management software and IP networking equipment as well as their technical integration into the overall CTA video management system.

Teleste video management system is currently installed at 146 rail stations and several hundred railcars within the CTA. This order further expands the system for a better protection of the public against crime and potential terrorism. Teleste onboard solution represents a great expansion potential for other similar projects globally.

The system deliveries are expected to be completed in fall 2013 and the order value is approximately 1.1 million euros.

Teleste is an international technology company that develops and offers video and broadband technologies and related services. Our supply of technology contributes to the convenience and safety of daily living. Our core business is video - image and data processing, transfer and management. Our customer base consists of cable and telecom operators, as well as public sector organizations. Our business is divided into two divisions, which are Video and Broadband Solutions and Network Services. In both areas, we rank among the world's leading companies and technological forerunners. Video and Broadband Solutions focuses on access networks and product solutions in video surveillance applications. Network Services offers comprehensive services for network design, construction and maintenance. In 2012, Teleste's net sales totaled EUR 194 million, and the company employed more than 1,300 people. Teleste runs a worldwide network of offices and more than 90% of its sales are generated outside Finland. The company is listed on the NASDAQ OMX Helsinki Ltd. For more information see www.teleste.com

 

TELESTE CORPORATION

Jukka Rinnevaara
CEO

 

ADDITIONAL INFORMATION:
CEO Jukka Rinnevaara, phone +358 2 2605 866 or +358 400 747 488

DISTRIBUTION:
NASDAQ OMX Helsinki
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www.teleste.com