Teleste - Company Announcement

TELESTE´S SUBSIDIARY MITRON HAS SIGNED A FRAME AGREEMENT WITH SWARCO, SWEDEN

Turku, Finland, 2016-10-11 09:00 CEST (GLOBE NEWSWIRE) -- TELESTE CORPORATION  
STOCK EXCHANGE RELEASE   11.10.2016 AT 10:00 



TELESTE´S SUBSIDIARY MITRON HAS SIGNED A FRAME AGREEMENT WITH SWARCO, SWEDEN

Teleste´s fully owned subsidiary Mitron has signed a frame agreement with
Swarco Sverige AB conserning the delivery of passanger display equipment to the
Swedish Transport Administration. The agreement covers the delivery of real
time RGB-LED passenger information displays for train stations in Sweden. The
display equipment is designed to be used outdoor in demanding weather
conditions. 

The agreement is a continuation of the long term co-operation between Mitron
and Swarco. The value of the three year agreement is estimated to exceed EUR 2
million and it includes an option to prolong its validity with 2 + 2 years. 

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 



TELESTE CORPORATION

Jukka Rinnevaara
President and CEO



ADDITIONAL INFORMATION:
Jukka Rinnevaara, phone +358 2 2605 611 or +358 400 747 488

DISTRIBUTION:
Nasdaq Helsinki
Main Media
www.teleste.com