TELESTE RECEIVES AN ORDER FROM ZIGGO, THE NETHERLANDS, FOR THE DELIVERY OF OPTICAL NODES
TELESTE CORPORATION STOCK EXCHANGE RELEASE 6.8.2008 AT 11:30 TELESTE RECEIVES AN ORDER FROM ZIGGO, THE NETHERLANDS, FOR THE DELIVERY OF OPTICAL NODES Teleste has been selected by Ziggo to deliver their new compact node platform for upgrading their cable networks to anticipate to future capacity needs. The value of the initial order is approximately one million euros. This is Teleste's first major order for Ziggo, Dutch largest cable operator (3.49 million subscribers) arise from the recent merger of @ Home (the former Essent Kabelcom), Casema and Multikabel. Teleste's solution is based on the successful AC800 platform. It combines a perfect price performance with sophisticated management facilities. This strategic order positions Teleste in the forefront of the Dutch cable television suppliers. The majority of the order is to be delivered during 2008 and Q1 2009 Teleste is an international technology group founded in 1954, which is specialized in broadband data communication systems and solutions. The group is divided into two Strategic Business Units: Broadband Cable Networks and Video Networks. Broadband Cable Networks serves cable operators and a major part of its business activities are handled through direct customer contact. Video Networks supplies solutions for optical signal transmission and video network management software solutions for video surveillance and a major part of its business is handled through system integrators. Both Business Units are among the leading providers in their market areas and are globally recognized for their know-how and ability to produce technically cutting edge solutions year after year. In 2007 the group's net sales totalled EUR 125.1 million and the group employed 672 persons at the year-end. The company has approximately 30 offices world-wide and over 91% of Teleste's net sales are generated outside Finland. The company is listed on the OMX Nordic Exchange Helsinki. Visit www.teleste.com for more information. TELESTE CORPORATION Jukka Rinnevaara CEO ADDITIONAL INFORMATION: Mr Jukka Rinnevaara President and CEO, tel +358 2 2605 866 or +358 400 747 488 DISTRIBUTION: OMX Nordic Exchange Helsinki Media www.teleste.com