SITRONICS Wins US$ 5 Million Contract in Malaysia
JSC Sitronics
SITRONICS WINS US$ 5 MILLION CONTRACT IN MALAYSIA
MOSCOW, Russia – December 23, 2009 – 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 INTRACOM TELECOM division has won a USD$ 5 mln
contract to supply Point-to-Multipoint (WiBAS) equipment to Maxis
Berhad, which is Malaysia’s largest mobile communications operator with
11.7 million subscribers as at the end of September.
INTRACOM TELECOM is supplying its next generation broadband wireless
Point-to-Multipoint WiBAS system, enabling Maxis Berhad to effectively
backhaul 2G and 3G traffic and provide broadband wireless access
services in and around Kuala Lumpur in Malaysia. The project is expected
to be completed within Q1 2010.
Maxis Berhad has selected WiBAS in order to rapidly replace its existing
Point-to-Point microwave infrastructure and profit from the
technological and financial benefits of the new solution. WiBAS is
optimised for concurrently backhauling 2G and 3G traffic in urban
environments while at the same time enabling mobile operators to realize
significant cost savings through the most efficient utilisation of the
Point-to-Multipoint network architecture, combined with the highest
capacity available in the market today, while ensuring quality of
service for voice and broadband mobile applications.
Maxis’ installation of WiBAS is part of its current extensive investment
in new sites, network and tools modernization and transmission upgrades
aimed to drive future growth in advanced data services. As the company
expands coverage and introduces new value-added services and products,
it will continue to form strategic partnerships which deliver leading
non-voice solutions and enrich customer experience across the entire
spectrum of integrated communications. Its innovative track record and
multiple awards testify to its strong position while moving forward with
providing long-term shareholder value.
INTRACOM TELECOM has been innovating in the wireless access and
transmission field for over 15 years, having successfully developed and
deployed Point-to-Point and Point-to-Multipoint systems with numerous
operators in Europe, the Middle East, America, Asia and the CIS. The
company has strategically focused and is investing heavily on the
continuous evolution of its wireless product lines. In the growing shift
to broadband, IP-based converged networks, INTRACOM TELECOM is
incorporating the latest standards and state-of-the-art technologies in
order to deliver cost-effective wireless solutions that address the new
requirements of its customers.
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For further information, please visit www.sitronics.com
or contact:
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Corporate Communications
Irina Lanina
Vice PresidentVice President
Tel: +7 495 225 0030Tel: +7 495 225 0030
lanina@sitronics.com
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Shared Value Limited
Matthew HooperMatthew Hooper
Investor Relations
Tel: +44 (0) 20 7321 5010
sitronics@sharedvalue.net
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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.
INTRACOM TELECOM is a leading developer and producer of
telecommunication systems, as well as provider of integrated solutions
and professional services to fixed and mobile operators in the EEMEA
region. Over 100 customers in more than 50 countries choose INTRACOM
TELECOM for its state-of-the-art products and solutions. INTRACOM
TELECOM has 2,500 employees, operates subsidiaries in 16 countries and
is amongst the largest European companies leading in R&D investments.
Since June 2006, INTRACOM TELECOM has been controlled by JSC SITRONICS
(Russia) with 51%. JSC SITRONICS is the technology subsidiary of JSFC
SISTEMA, the largest consumer services company in Central and Eastern
Europe. INTRACOM HOLDINGS Group (Greece) retains a 49% stake.
Maxis Berhad is the leading mobile communications service
provider in Malaysia with over 11.7 million mobile subscribers as at 30
September 2009. Maxis Communications Berhad has been providing a full
suite of communication services on multiple platforms to satisfy the
needs of individual consumers, small and medium enterprises, and large
corporations in Malaysia. The Company recently listed its shares on
Bursa Malaysia in the largest telecommunication IPO in the Asia-Pacific
region since 2000. Please visit www.maxis.com.my
for more information.
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.
