INTRACOM Strengthens Middle East Presence with Series of Key Moves

The Middle East's burgeoning telecommunications market has prompted INTRACOM to expedite its rapid regional expansion with a series of key moves including shifting its regional headquarters to Dubai Internet City and expanding its portfolio of solutions available to regional customers.

One of the world's largest providers of banking, telecommunications, information and defense electronic systems, INTRACOM has steadily gained a reputation in the region for consistently providing cost-effective state-of-the-art solutions to the region's fastest growing industries including all four key verticals - telecommunications, defense, government and banking.

Some of INTRACOM's key regional customers include industry giants such as Etisalat, Thuraya, and Dubai Internet City in Dubai, PTCL in Pakistan and Saudi Telecom in the Kingdom.

"By choosing our solutions, whether it's to improve telecommunication infrastructure or to manage their customer services, the endorsement of these customers is what has prompted such regional growth for the company,' said Stavros Vougas, managing director, INTRACOM Middle East FZE.

"Maintaining high levels of customer satisfaction encourage us to continually improve our offering and enhance our portfolio of solutions to cater to the individual demands of our regional customers,' he added.

At present INTRACOM in the region offers customers a wide range of advanced products, as well as integrated services for the design, manufacturing, turn-key project implementation and technical support in a number of key areas including public telecommunication networks, public telephony and smart card systems and digital satellite applications.

Both Vougas and Jorge Soto, new sales director for the Gulf and Subcontinent, come with a wealth of regional expertise and have been hired to capture the robust demand that exists in the Middle East for telecommunication and information systems and drive business for INTRACOM's regional office.

Soto highlighted the significance of a move to Dubai Internet City as a major development in the company's continuing relationship with the region. "Dubai Internet City's infrastructure and reputation as the regional hub for technology and telecommunications make it the ideal choice for any growing IT company. By shifting our headquarters to DIC, we're reinforcing our confidence and commitment to the region, one that holds incredible prospects for the future.'

INTRACOM Group has managed to sign € 459 million worth of new contracts in 2004. Currently more than 45 percent of the company's annual turnover is generated by exports and in the next few years that figure is expected to reach 50 percent.

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About INTRACOM

Founded in 1977, INTRACOM is the largest manufacturer of telecommunication equipment and information systems in Greece. In 1990, the company was listed on the Athens Stock Exchange and, by accelerating growth, established a strategic position within the European market and the Americas. In cooperation with its subsidiaries and affiliates, the company provides products and services to the Greek public and private sectors, while developing a significant international presence. INTRACOM provides products as well as integrated services for the design, manufacturing, turn-key project implementation and support in the following areas: Public Telecommunication Networks – Public Telephony Systems – Telecommunication Systems Software – Integrated Business Networks – Operations Support Systems – Digital Satellite Technology – Terminals and Telematics Systems – Banking and e-Government Solutions as well as Defense Electronics. For more information visit: www.intracom.com