Turku, Finland, 2013-09-02 08:30 CEST (GLOBE NEWSWIRE) --
TELESTE CORPORATION STOCK EXCHANGE RELEASE 2.9.2013 AT 09:30
TELESTE RECEIVES 1.3 MILLION EURO VIDEO SURVEILLANCE ORDER FROM STANLEY SECURITY, FINLAND
Teleste Corporation has received a video management, transmission and recording solution order for tunnels and stations of Länsimetro from Stanley Security Oy. Länsimetro is building the extension for metro traffic in the Helsinki Metropolitan Area from Ruoholahti, Helsinki to Matinkylä, Espoo.
The order includes products from the product families of Teleste VMX Video Management Software, MPX Encoder and CFO Fiber Modem as well as technical integration and configuration services related to the video system.
Teleste’s video management system is already installed at Helsinki Underground in all existing stations. This order will further expand the system for a better protection of the public against crime and potential terrorism as well as help to run smooth operation of the underground traffic.
The system deliveries are expected to be completed during 2014 and the order value is approximately 1.3 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
CEO Jukka Rinnevaara, phone +358 2 2605 866 or +358 400 747 488
NASDAQ OMX Helsinki