INTRAROM Wins €12 Million New Contract in Romania
JSC Sitronics
INTRAROM WINS €12 MILLION NEW CONTRACT IN ROMANIA
JSC SITRONICS (SITRONICS or the “Group”) (LSE:SITR), a leading provider
of telecommunications, information technology and microelectronic
solutions in Russia and the CIS, with a growing presence in other EEMEA
emerging markets, today announced that its INTRAROM subsidiary in
Romania has signed an €11.8 million contract with the Romanian Ministry
of Administration & Internal Affairs.
INTRAROM won the tender by the Romanian Government to supply and install
an integrated IT platform, which will be used in the implementation of
the Schengen Information System II (SIS II), a secure platform already
adopted by a number of European Union countries for the purposes of
border control, national security and law enforcement at both national
and EU levels.
The implementation of SIS II is a key step for Romania in the process to
join the Schengen Agreement, and is financed by the European Union under
the Schengen Facility (RO-FSCH) programme. INTRAROM will deliver and
install the fully functional hardware and software platform in 2010, and
also provide configuration set-up procedures, training and other related
services.
INTRAROM is a subsidiary of INTRACOM TELECOM, which forms part of
SITRONICS’ Telecoms Solutions business area.
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For further information, please visit www.sitronics.com
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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 and Africa.
SITRONICS serves over 3,500 clients, maintains offices in 32 countries
and exports its products and services to more than 60 countries.
SITRONICS’ key Telecommunication Solutions operations are based in
Prague, Czech Republic and Athens, Greece, while the company’s IT
Solutions and Microelectronics divisions are based in Kiev, Ukraine and
Zelenograd, Russia respectively.
SITRONICS generated revenues of US$ 625.4 million for the nine months
ended September 30, 2009 and had total assets of US$ 1,736.9 million
at the end of the period. SITRONICS is majority owned by Sistema, the
largest public diversified corporation in Russia and the CIS, which
manages fast growing companies operating in the consumer services sector.
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 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.
