Teleste - Company Announcement

TELESTE RECEIVES 4.0 MILLION EURO VIDEO SURVEILLANCE ORDER FROM CHICAGO

Turku, Finland, 2012-11-20 09:30 CET (GLOBE NEWSWIRE) -- TELESTE CORPORATION 
STOCK EXCHANGE RELEASE  20.11.2012  AT 10:30 



TELESTE RECEIVES 4.0 MILLION EURO VIDEO SURVEILLANCE ORDER FROM CHICAGO

Teleste LLC, a fully owned subsidiary of Teleste Corporation, has received a
mobile video management and recording solution order for 700 railcars for the
Chicago Transit Authority (CTA). The order includes the supply of Teleste's VMX
mobile network video recording and management software solutions for onboard
recording, IP networking equipment as well as their technical integration into
the overall CTA video management system. 

Teleste's video management system and equipment have previously been installed
in 146 rail stations within CTA and this order expands this system to an
integrated video surveillance solution for a better protection of the public
against crime and potential terrorism. Teleste's onboard solution represents a
great expansion potential for other similar projects globally. 

The system deliveries are expected to be completed within 2013 and the order
value is approximately 4.0 million euros. 

Teleste is an international technology group founded in 1954, which is
specialized in broadband video and data communication systems and services. The
Group is active in two business segments, Video and Broadband Solutions and
Network Services; in both fields, we are among the global leaders. Video is at
the core of our business activities, with a focus on the processing,
transmission and management of video and data for operators and public
authorities who provide various video-related information, entertainment and
security services to end-users. Video and Broadband Solutions specializes in
product solutions for broadband access networks, video service platforms and
video surveillance applications. Network Services deliver comprehensive network
service solutions including new construction, rebuilding, upgrading, planning
and maintenance services of cable networks. In 2011 the Group's net sales
totaled EUR 184 million and the Group employed 1,319 persons at the year-end.
The company has approximately 30 offices world-wide and over 90% of Teleste's
net sales are generated outside Finland. The company is listed on the NASDAQ
OMX Helsinki Ltd. 
For more information visit www.teleste.com.



TELESTE CORPORATION

Jukka Rinnevaara
CEO



ADDITIONAL INFORMATION:
Deputy CEO Johan Slotte, phone +358 40 5546211

DISTRIBUTION:
NASDAQ OMX Helsinki
Main Media
www.teleste.com