Teleste - Company Announcement

TELESTE REFOCUSES ITS OTT OFFERING BUSINESS

Turku, Finland, 2013-03-11 09:30 CET (GLOBE NEWSWIRE) -- TELESTE CORPORATION
STOCK EXCHANGE RELEASE 11.3.2013 AT 10:30 



TELESTE REFOCUSES ITS OTT OFFERING BUSINESS

To improve its competitiveness for multiscreen solutions, Teleste has decided
to focus its activities in the future on OTT product innovations (over the top)
as a part of the Ubique solution brand launched in 2012. Consequently, Teleste
has decided to discontinue the development of its own IPTV Middleware offering
and to seek partnerships in this area. 

Teleste has initiated co-determination negotiations covering company's
development team in Tampere. The estimated number of personnel reductions is 6
persons. 

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