Teleste - Company Announcement

TELESTE TO UPGRADE AND EXPAND THE PARIS POLICE VIDEO SECURITY SYSTEM

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 



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