Teleste and Cybercom expand partnership on R&D activities

Teleste and Cybercom expand partnership on R&D activities

Data communications systems provider Teleste and Cybercom Plenware have reached
an agreement about co-operation in R&D activities. The agreement covers two
years. 

Through the agreement Cybercom Plenware will manage parts of Teleste's R&D
activities. In addition 23 of Teleste's employees will join Cybercom's staff
with current terms."This gives us flexibility in resource planning, enables our future growth and
gives us possibility to concentrate on our core business. We also strengthen our
existing partnership with Cybercom", says Teleste CTO Esko Myllylä."We are very excited to expand our cooperation with Teleste, because this deal
adds significantly to our competence of hardware design and Linux software
development.  We are also very happy that our partnership with Teleste rises to
strategic level", says Cybercom Plenware CEO Hannu Meskanen."Teleste's show of trust is very important for us and we see good potential in
expanding our partnership going forward. Outsourcing contracts strengthens our
relationships and gives our business long-term stability" says Patrik Boman,
president and CEO, Cybercom Group.

Find out more, contact:

Patrik Boman, president and CEO, Cybercom Group	
+46 73 983 89 79
Jukka Rinnevaara, CEO, Teleste Corporation
+358 2 2605 866 or +358 400 747 488
Esko Myllylä, CTO, Teleste Corporation
+358 2 2605 693 el. +358 40 554 0463
Hannu Meskanen, managing director, Cybercom Plenware 	
+35 8 50 14 87
Kristina Cato, communications director and IR manager, Cybercom Group	
+46 708 64 47 02

About Cybercom
The Cybercom Group is a high-tech consultancy that offers global sourcing for
end-to-end solutions. The Group established itself as a world-class supplier in
security, portal solutions, mobile services, embedded systems, and telecom
management. Thanks to its extensive industry and operations experience, Cybercom
can offer strategic and technological expertise to these markets: telecom,
industry, media, public sector, retail, and banking and financial services. The
Group currently employs about 2000 persons and runs projects worldwide. Cybercom
has 24 offices in 10 countries. Since 1999, Cybercom´s share has been quoted on
the NASDAQ OMX Nordic Exchange. The company was launched in 1995. Find out more
at: www.cybercomgroup.com.

About Teleste
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 2008 the group's net sales totalled EUR 109 million and the group
employed 677 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. 
Visit www.teleste.com for more information.