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INTRACOM TELECOM Receives HP Award

Athens - 22 March 2010 - INTRACOM TELECOM, a part of SITRONICS, announced that it was named as an "HP CMS Partner of the Year 2009" for Europe, the Middle East and Africa region. The award was presented at a special HP ceremony held in Hamburg, Germany.

INTRACOM TELECOM received this award for its strong commitment and its outstanding achievements within the framework of the HP Next Generation Intelligent Networks (NGIN) program. It acknowledges INTRACOM TELECOM's state of the art solution building for NGIN as well as its excellence in sales, customer support, partnership commitment and implementation.

INTRACOM TELECOM, abreast with the latest technological developments and aiming to improve the competitiveness of its customers, has developed a full package of innovative applications on the HP OpenCall suite of software platforms. These applications, specially designed to address the increasing needs of the multi-network environment, generate new revenue streams for the operator and also provide the flexibility and open architecture required for future market requirements.

Mr. Anastasios Dimopoulos, Head of INTRACOM TELECOM's Telco Software division, stated: "Since 2001, we have been investing systematically in developing Intelligent Network applications based on HP OpenCall software platforms. This award, apart from reaffirming our decision to focus on innovative Next Generation Intelligent Networks (NGIN), developing advanced convergent IN applications, also reflects the successful long-term collaboration between INTRACOM TELECOM and HP."

About INTRACOM TELECOM

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 2,300 employees, operates subsidiaries in 16 countries and is amongst the largest European companies leading in R&D investments. Since June 2006, INTRACOM TELECOM is 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.

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