Turku, Finland, 2016-01-11 12:00 CET (GLOBE NEWSWIRE) --
TELESTE CORPORATION STOCK EXCHANGE RELEASE 11.1.2016 AT 13:00
MULTIMEDIA POLSKA SELECTS TELESTE FOR THEIR NEXT GENERATION TV SERVICES PLATFORM
Teleste has reached an agreement with Multimedia Polska on development of next generation TV content delivery system. The platform will support delivery of innovative new TV services to subscribers of Multimedia. Under the agreement, Teleste will deliver best-of-breed video processing and Content Delivery Network products and technologies. Additionally, Teleste Ubique SW Suite will be used to control streaming video delivery to various consumer devices. Teleste is acting as well as the overall system integrator of the service platform.
With this investment, Multimedia Polska is targeting to be in the forefront of European TV services innovation. The system will be developed in several phases over the next 3 years. The total value of the agreement is subject to the eventual scale of the system and is, accordingly, hard to estimate, but will reach at least one million euros.
As a significant European cable operator Multimedia Polska provides a prominent reference customer for Teleste Ubique video service delivery platform. Leveraging this deal allows Teleste to target future growth on TV content delivery solutions business.
Multimedia Polska is a leading nationwide cable operator, provider of digital television with video on demand, broadband and mobile data, fixed-line and mobile voice. Multimedia Polska operates across Poland in c. 2000 cities and towns. The company offers the full triple play combo: video, voice and data together with other services. In 2013, Multimedia Polska launched multiscreen service that is going to be expanded in the cooperation with Teleste.
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 - video 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 video security and information solutions. Network Services offers comprehensive services for access network design, construction and maintenance. In 2014, Teleste's net sales totaled EUR 197 million, and the company employed more than 1,400 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 Helsinki. For more information see www.teleste.com.
CEO Jukka Rinnevaara, phone +358 2 2605 866 or +358 400 747 488