Teleste - Company Announcement

TELESTE HAS CLOSED AN AGREEMENT WITH FRENCH SIEA TO SUPPLY OPTICAL EQUIPMENT WORTH 1.8 MILLION EUROS

Turku, Finland, 2014-07-11 13:30 CEST (GLOBE NEWSWIRE) -- TELESTE CORPORATION 
STOCK EXCHANGE RELEASE  11.7.2014 AT 14:30 



TELESTE HAS CLOSED AN AGREEMENT WITH FRENCH SIEA TO SUPPLY OPTICAL EQUIPMENT
WORTH 1.8 MILLION EUROS 

Teleste, the leading provider of video and broadband technologies and
associated services, has won a public tendering for optical access network
transmission equipment. The tender has been processed by French public
authority SIEA (Syndicat Intercommunal d'énergie et de e-communication de
l'Ain). SIEA is responsible of energy and telecommunications distribution
covering 419 communities in the province of Ain in Eastern France. 

With this deal, SIEA is continuing its investments on Fibre to the Home
solution, built using RFoG (Radio Frequency over Glass) technology. The system
is one of the largest RFoG deployments in Europe. 

The system will be delivered to the customer during third and fourth quarter of
2014. The deliveries are a continuation from 2013 when SIEA selected Teleste as
the supplier for phase one for their network investments. 

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 - image 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 product solutions in video
surveillance applications. Network Services offers comprehensive services for
network design, construction and maintenance. In 2013, Teleste's net sales
totaled EUR 193 million, and the company employed more than 1,300 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 OMX Helsinki
Ltd. For more information see www.teleste.com 



TELESTE CORPORATION

Jukka Rinnevaara
CEO



ADDITIONAL INFORMATION:
CEO Jukka Rinnevaara, phone +358 2 2605 866 or +358 400 747 488

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