Turku, Finland, 2016-07-13 09:00 CEST (GLOBE NEWSWIRE) --
TELESTE CORPORATION STOCK EXCHANGE RELEASE 13.7.2016 AT 10:00
TELESTE TO UPGRADE AND EXPAND THE PARIS POLICE VIDEO SECURITY SYSTEM
Teleste has received an order to deliver its S-VMX video security solution to upgrade and expand the video security system for the Paris police, Préfecture de Police.
The value of the order combined with the order received for the same project a few weeks ago is about 2.5 million euros and the deliverables compose of hardware, software and services including its very efficient recording platform. The delivery is planned to take place mainly in the second half of 2016 and it represents a new phase of the services provided by Teleste to Préfecture de Police and the IRIS consortium, which is the contractual partner operating the Public Private Partnership for the system until 2026.
Teleste’s video security system which was used, among others, for the UEFA EURO 2016 football championships, will include full HD security and is planned to expand to several tens of thousands cameras in the Paris region, including the integration of the Paris metro system, RATP, and the French National railways, SNCF. In addition, Teleste’s video security system will interconnect and federate multiple existing third party security systems under its umbrella.
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 2015, Teleste's net sales totaled EUR 248 million, and the company employed about 1,500 people. Teleste runs a worldwide network of offices and more than 95 % of its sales are generated outside Finland. The company is listed on the Nasdaq Helsinki. For more information see www.teleste.com
President and CEO
Jukka Rinnevaara, phone +358 2 2605 611 or +358 400 747 488