Teleste - Company Announcement

TELESTE RECEIVES ORDER FOR TWO MILLION EURO'S WORTH OF OPTICAL EQUIPMENT FROM SIEA IN FRANCE

Turku, Finland, 2013-08-29 08:30 CEST (GLOBE NEWSWIRE) -- TELESTE CORPORATION
STOCK EXCHANGE RELEASE 29.08.2013 AT 09:30 



TELESTE RECEIVES ORDER FOR TWO MILLION EURO'S WORTH OF OPTICAL EQUIPMENT FROM
SIEA IN FRANCE 

Teleste has won the first stage of the public tender, which relates to customer
network optical equipment deliveries for the French public authority SIEA
(Syndicat Intercommunal d'énergie et de e-communication de l'Ain). The SIEA is
responsible for the energy and telecommunications management of 419
municipalities in the province of Ain in eastern France. This is one of the
first major supplies of equipment for a Fibre to the home (FTTH) solution based
on RFoG (Radio Frequency over Glass) technology in Europe. 

Teleste was selected as the equipment supplier for the first phase of the
tender, and the selection includes an option to supply equipment for the second
phase as well. The value of the deliveries for the first phase stands at
approximately two million euros, and the equipment will be delivered to the
customer in the third and fourth quarters of 2013. 

The estimated value of the deliveries for the second phase is about EUR 1.5
million. Possible confirmation for implementing phase two of the project will
be available by the end of the last quarter of the year in 2013. 

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 2012, Teleste's net sales
totaled EUR 194 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