Teleste - Company Announcement

TELESTE: ASFINAG SELECTS TELESTE FOR ITS MOTORWAY NETWORK

Turku, Finland, 2015-05-04 09:00 CEST (GLOBE NEWSWIRE) -- 

TELESTE CORPORATION  STOCK EXCHANGE RELEASE  4.5.2015 AT 10:00



ASFINAG SELECTS TELESTE FOR ITS MOTORWAY NETWORK

ASFINAG, the Austrian road administration, has selected Teleste as provider of
a complete renewal and expansion of the road video management system covering
the whole of Austria. The new system will be licensed for 6000 camera
connections and Teleste's next generation video management system, S-VMX, will
be deployed for the project during 2015-2016. Covering the whole Austrian
motorway network, the system is used for the security and safety of users and
it will, among others, interconnect tunnel security and intelligent
transportation systems. 

The project covers system engineering, design, hardware and software deliveries
as well as migration services from ASFINAG's existing video system. The
contract value is worth about EUR 2 million and it includes three years of
maintenance. In addition the project includes an option to extend the
maintenance by seven additional years. 

The ASFINAG motorway and clearway network currently comprises around 2200 km.
ASFINAG's responsibility area includes construction and planning of new road
projects, operation and maintenance of the existing network as well as
collecting tolls and developing telematics services. The priorities with regard
to construction and planning are increased road safety, improved international
connections between Austria and bordering countries and the implementation of
road network upgrades. 

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