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Zenitel First Quarter Trading Update 2012

Zenitel’s revenues for the first quarter of 2012 amounted to EURO 15,2 million versus EURO 14,6 million in the same period last year, an increase of 4,6%.

The growth comes primarily from the Secure Communication Systems (SCS) business where the revenues went up by 5,8 percent. The Network business in Caribbean reported EURO 0,1 million less revenue than in 2011, because of less project revenues.

In March Zenitel launched its new IP stations series called “Turbine”. The feedback from the market is very positive and already in April, initial customer orders have been received. Zenitel will continue to extend the “Turbine” series by bringing additional IP stations to the market in the next twelve months