Turku, Finland, 2014-07-11 13:30 CEST (GLOBE NEWSWIRE) --
TELESTE CORPORATION STOCK EXCHANGE RELEASE 11.7.2014 AT 14:30
TELESTE HAS CLOSED AN AGREEMENT WITH FRENCH SIEA TO SUPPLY OPTICAL EQUIPMENT WORTH 1.8 MILLION EUROS
Teleste, the leading provider of video and broadband technologies and associated services, has won a public tendering for optical access network transmission equipment. The tender has been processed by French public authority SIEA (Syndicat Intercommunal d'énergie et de e-communication de l'Ain). SIEA is responsible of energy and telecommunications distribution covering 419 communities in the province of Ain in Eastern France.
With this deal, SIEA is continuing its investments on Fibre to the Home solution, built using RFoG (Radio Frequency over Glass) technology. The system is one of the largest RFoG deployments in Europe.
The system will be delivered to the customer during third and fourth quarter of 2014. The deliveries are a continuation from 2013 when SIEA selected Teleste as the supplier for phase one for their network investments.
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 2013, Teleste's net sales totaled EUR 193 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