Turku, Finland, 2012-02-09 09:40 CET (GLOBE NEWSWIRE) --
TELESTE CORPORATION STOCK EXCHANGE RELEASE 9.2.2012 AT 10:40
TELESTE RECEIVES VIDEO SURVEILLANCE ORDERS FROM THE TEXAS DEPARTMENT OF
TRANSPORTATION
The Texas Department of Transportation, TXDOT, has placed orders for Teleste
single and multi-channel MPEG-4 video encoders and decoders and field hardened
Ethernet switches.
The orders are valued at approximately EUR one million and the equipment will
be deployed by April, 2012 in the Houston and Fort Worth districts as part of
ongoing expansion of existing Intelligent Transportation System Networks for
use in monitoring and managing traffic flows.
Teleste is an international technology group founded in 1954, which is
specialized in broadband video and data communication systems and services. The
Group is active in two business segments, Video and Broadband Solutions and
Network Services; in both fields, we are among the global leaders. Video is at
the core of our business activities, with a focus on the processing,
transmission and management of video and data for operators and public
authorities who provide various video-related information, entertainment and
security services to end-users. Video and Broadband Solutions specializes in
product solutions for broadband access networks, video service platforms and
video surveillance applications. Network Services deliver comprehensive network
service solutions including new construction, rebuilding, upgrading, planning
and maintenance services of cable networks. In 2011 the Group's net sales
totaled EUR 184 million and the Group employed 1,319 persons at the year-end.
The company has approximately 30 offices world-wide and over 90% of Teleste's
net sales are generated outside Finland. The company is listed on the NASDAQ
OMX Helsinki Ltd.
For more information visit 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