Teleste - Company Announcement

MULTIMEDIA POLSKA SELECTS TELESTE FOR THEIR NEXT GENERATION TV SERVICES PLATFORM

Turku, Finland, 2016-01-11 12:00 CET (GLOBE NEWSWIRE) -- TELESTE CORPORATION 
STOCK EXCHANGE RELEASE  11.1.2016 AT 13:00 



MULTIMEDIA POLSKA SELECTS TELESTE FOR THEIR NEXT GENERATION TV SERVICES PLATFORM

Teleste has reached an agreement with Multimedia Polska on development of next
generation TV content delivery system. The platform will support delivery of
innovative new TV services to subscribers of Multimedia. Under the agreement,
Teleste will deliver best-of-breed video processing and Content Delivery
Network products and technologies. Additionally, Teleste Ubique SW Suite will
be used to control streaming video delivery to various consumer devices.
Teleste is acting as well as the overall system integrator of the service
platform. 

With this investment, Multimedia Polska is targeting to be in the forefront of
European TV services innovation. The system will be developed in several phases
over the next 3 years. The total value of the agreement is subject to the
eventual scale of the system and is, accordingly, hard to estimate, but will
reach at least one million euros. 

As a significant European cable operator Multimedia Polska provides a prominent
reference customer for Teleste Ubique video service delivery platform.
Leveraging this deal allows Teleste to target future growth on TV content
delivery solutions business. 

Multimedia Polska is a leading nationwide cable operator, provider of digital
television with video on demand, broadband and mobile data, fixed-line and
mobile voice. Multimedia Polska operates across Poland in c. 2000 cities and
towns. The company offers the full triple play combo: video, voice and data
together with other services. In 2013, Multimedia Polska launched multiscreen
service that is going to be expanded in the cooperation with Teleste. 

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 2014, Teleste's net sales totaled EUR
197 million, and the company employed more than 1,400 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 Helsinki. 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 Helsinki
Main Media
www.teleste.com