INTRACOM TELECOM DELIVERS FS/CDN(TM) IPTV SOLUTION
TO BRUCE TELECOM
MOSCOW, Russia - December 18, 2007 - JSC SITRONICS ('SITRONICS' or 'The
Company') (LSE:SITR), a leading provider of telecommunications, IT and
microelectronic solutions in Russia and the CIS, today announced that a part of
its INTRACOM TELECOM subsidiary, the US-based Conklin-INTRACOM, is delivering
its fs/cdn(TM) MPEG-4 IPTV Solution to Bruce Telecom, a provider of
telecommunication services in Canada.
fs/cdnis an integrated IPTV solution allowing service providers to deliver
linear and on-demand TV, chat, email, messaging and next generation interactive
services. fs/cdn(TM) MPEG-4 IPTV Delivery Solution provided by Conklin-INTRACOM
was selected to serve the lakeside communities of Kincardine, Port Elgin,
Tiverton and Southampton in Canada. MPEG-4 compression technology is being
utilized to reach customers served over copper, in addition to those served by
Bruce's fiber-to-the-home network. A mix of high definition and standard
definition video broadcast, music channels and video-on-demand will be offered
to complement existing services.
In addition to providing the entire service range supported by IPTV solutions,
the fs/cdn(TM) professional team will provide supplemental system integration
services to accelerate service delivery. The new video service is expected to be
available to customers in early 2008.
Mr. Alexandros Manos, Managing Director of INTRACOM TELECOM, commented: 'This is
another important cooperation that solidifies our IPTV positioning in a highly
competitive market, such as North America. This project further enhances our
growing list of successful IPTV implementations world-wide, adding more value to
our global experience and clearly demonstrating our technical capabilities and
leadership in providing world-class products and turn-key solutions. We look
forward to serving Bruce Telecom and contributing to our joint success.'
Mr. Hans Nilsson, President and CEO of Bruce Telecom, added: 'Bruce Telecom is
entering into the video era with a strong partner, such as INTRACOM TELECOM
Group. We have selected the fs/cdnsolution due to its visionary architecture and
ability to easily incorporate new content models. We are confident that this
solution will assist us in providing high-quality IPTV services to our clients.'
For further information, please visit www.sitronics.com or contact:
Bree Schuette Shared Value Limited
Tel: + 7 495 225 0030 Investor Relations
Tel. + 7 916 550 1253 Larisa Kogut-Millings
email@example.com Tel: +44 (0) 20 7321 5037
About Bruce Telecom
Bruce Municipal Telephone System was established in 1911 linking local farm
families with each other as well as nearby towns and villages. BMTS's Internet
service was established in 1994 providing Internet to much of Grey-Bruce,
Huron-Perth and Simcoe Counties. High Speed DSL Internet service (also known as
CHEETAH) made its introduction in 2000. In September 2005, BMTS/BMI underwent a
name change and became Bruce Telecom.
Today, the Bruce County lakeside communities of Kincardine, Paisley, Port Elgin
and Tiverton enjoy the most recent technological advances in their
communications services through Bruce Telecom. They are committed to providing
innovative communication solutions with professional customer support. In
October, 2006, Bruce Telecom was named 'Business of the Year' by the Owen Sound
Chamber of Commerce and '#1 Internet provider' by the Sun Times.
SITRONICS is a leading provider of telecommunication solutions, including
software, equipment and systems integration, IT solutions and microelectronic
solutions in Russia and the Commonwealth of Independent States with a strong
presence in Central and Eastern Europe and a growing presence in the Middle East
SITRONICS serves over 3,500 clients, maintains offices in 32 countries and
exports its products and services to more than 60 countries. SITRONICS has over
10,000 employees of whom approximately 4,500 are involved in research and
SITRONICS' key Telecommunication Solutions operations are based in Prague, Czech
Republic and Athens, Greece and Moscow, Russia, while the company's IT Solutions
and Microelectronic Solutions divisions are based in Kiev, Ukraine and
Zelenograd, Russia, respectively.
SITRONICS generated revenues of US$ 1,014.6 million for the nine months ended
September 30, 2007 and had total assets of US$ 1.78 billion at the end of the
period. SITRONICS is majority-owned by Sistema, which is the largest diversified
holding company in Russia and CIS.
SITRONICS has developed strategic alliances in its home markets with Cisco
Systems, STMicroelectronics, Infineon and Giesecke & Devrient in relation to
certain products and services. SITRONICS has vendor relationships with Siemens,
Ericsson, Motorola, ORACLE, Intel, Sun Microsystems and Microsoft. Key customers
include Sistema group companies, such as MTS, Comstar UTS and MTT, and also OTE,
Cosmote, Vodafone, Ericsson and TCL.
Some of the information in this press release may contain projections or other
forward-looking statements regarding future events or the future financial
performance of SITRONICS. You can identify forward-looking statements by terms
such as 'expect,' 'believe,' 'anticipate,' 'estimate,' 'intend,' 'will,'
'could,' 'may' or 'might' the negative of such terms or other similar
expressions. These statements are only predictions and actual events or results
may differ materially. We do not intend to or undertake any obligation to update
these statements to reflect events and circumstances occurring after the date
hereof or to reflect the occurrence of unanticipated events. Many factors could
cause the actual results to differ materially from those contained in our
projections or forward-looking statements, including, among others, general
economic conditions, our competitive environment, risks associated with
operating in Russia, rapid technological and market change in our industries,
and other factors specifically related to SITRONICS and its operations.
This document does not constitute or form part of any offer or invitation to
sell or issue, or any solicitation of any offer to purchase or subscribe for,
any shares or other securities of SITRONICS, nor shall any part of it nor the
fact of its distribution form part of or be relied on in connection with any
contract or investment decision relating thereto, nor does it constitute a
recommendation regarding the securities of SITRONICS.