TELESTE SIGNS MAINTENANCE AGREEMENT WITH SNCF

Turku, Finland, 2014-10-28 09:30 CET (GLOBE NEWSWIRE) --
TELESTE CORPORATION STOCK EXCHANGE RELEASE 28.10.2014 AT 10:30

TELESTE SIGNS MAINTENANCE AGREEMENT WITH SNCF

SNCF (French National Railway Company) has awarded Teleste a three-year agreement for maintenance of its video surveillance system supplied by Teleste and deployed during more than 10 years throughout the whole country of France.

According to the agreement, Teleste will handle the high-level maintenance of the system, which per today cover approximately 15.000 cameras exploited by more than 350 workstations.

The value of this agreement is over two 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 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

 

TELESTE CORPORATION

Jukka Rinnevaara
CEO

 

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

DISTRIBUTION:
NASDAQ Helsinki
Main Media
www.teleste.com