TELESTE CORPORATION   INVESTOR NEWS   28.5.2019   AT 10:00 EET

TELESTE TO DELIVER ITS PASSENGER INFORMATION SOLUTION FOR TRANSLINK SKYTRAIN RAPID TRANSIT SYSTEM IN VANCOUVER, CANADA

TransLink has selected Teleste's passenger information solution for the Skytrain rapid transit system in Vancouver, Canada. TransLink is Metro Vancouver's transportation network, serving residents and visitors with public transit, major roads, bridges and trip planning. The system deployment has started and Teleste's solution will be initially installed at 33 stations in the system that is the oldest and one of the longest automated driverless rapid transit systems in the world.

Teleste's passenger information solution has been designed for real-time passenger information delivery and management within public transport infrastructure. Its dedicated management software allows Translink to ensure that the relevant travel information, such as timetables and arrivals, is displayed timely and accurately across all media channels. The solution also includes Teleste's ETL certified RGB LED and TFT LED information displays that guarantee high availability of information for passengers as they pass through the Skytrain stations, platforms and entrances.

Teleste provides transit agencies and authorities smart, modular solutions for the delivery and management of passenger information. Utilizing real-time information about, e.g., routes, timetables and service disruptions helps to improve passenger experience, increase transit ridership and raise revenues. The solution ensures that the relevant passenger information is always up-to-date, consistent and clearly displayed. In addition, the information can be delivered to the passengers when and where needed, at stations and platforms, on-board in the moving vehicles, as well as through websites and social media.

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 your home, 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 2018, Teleste's net sales reached EUR 250 million and on average it had approximately 1,400 employees. Teleste is listed on Nasdaq Helsinki.

TELESTE CORPORATION

Jukka Rinnevaara
CEO

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

DISTRIBUTION:
Nasdaq Helsinki
www.teleste.com