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
