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TELESTE CORPORATION INVESTOR NEWS   17.6.2021 at 14:00


Teleste supplies train displays to Alstom for PRASA in South Africa

Teleste will supply its on-board displays to Alstom for the Passenger Rail Agency of South Africa (PRASA) in South Africa. The agreement between the companies covers LED displays which will be manufactured in Finland and delivered to South Africa during 2022 - 2028. The total value of the delivery is expected to be around 10 million euros.

The displays, including front, lateral and interior displays, will be deployed in approximately 400 trainsets. The trains are manufactured for PRASA by Alstom’s South African consortium Gibela.


TELESTE CORPORATION 

Jukka Rinnevaara
CEO


ADDITIONAL INFORMATION: Jukka Rinnevaara, tel. +358 2 2605 611 

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About Teleste 
Teleste offers an integrated product and service portfolio that makes it possible to build and run a better networked society. Our solutions bring television and broadband services to you, secure your safety in public places and guide your use of public transport. With solid industry experience and drive for innovations, we are a leading international company in broadband, security and information technologies and related services. We connect with our customers through a global network of offices and partners. In 2020, Teleste's net sales reached EUR 145 million and it had 858 employees. Teleste is listed on Nasdaq Helsinki.


Teleste is a Finnish technology company which offers broadband video and data communication networks and services. The company's products and solutions are used in digital television, broadband Internet, and video surveillance applications. Majority of the company revenues comes from Europe the biggest clients being Cable TV and IPTV operators and in video surveillance the public sector. The company also has branch in the United Kingdom, specializing in Hospitality and AV - Teleste Limited. The company is listed on the NASDAQ OMX Helsinki stock market.