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SITRONICS Telecom Solutions Expands Its Management Team


Prague, 29th March 2007 –Igor Hulák, the recently appointed head of the SITRONICS Telecom Solutions Division today introduced the new General Director of SITRONICS Telecom Solutions, Czech Republic (formerly STROM telecom) and Vice President of SITRONICS Telecom Solutions as part of the changes to SITRONICS TS’ management team. Pavel Bednář, currently the Executive Director of the company’s Networks Division, will assume the position as of March 31st. Until a replacement is appointed, Pavel Bednář will continue his hitherto duties as Head of Networks. At the same time, hitherto CEO of SITRONICS Telecom Solutions, Czech Republic, Nihad Hurem is assuming the position of First Vice President for New Products and Services of the mother company SITRONICS JSC.

The appointments are a part of the process to consolidate the subsidiaries of SITRONICS JSC which operate in the telco and communications sector and to unite them under the name SITRONICS Telecom Solutions. These appointments follow the recent naming of Igor Hulák as head of the entire SITRONICS Telecom Solutions Division, which underlines the importance of the company’s branch in the Czech Republic. Together with Pavel Bednář, another five people have been appointed to the SITRONICS Telecom Solutions Division’s management team. Mr. Rainer Grumann has been appointed Vice President for Sales, Mr. Andraž Oblak Vice President for Marketing, Mr. Stanislav Lykov becomes Vice President for Finance, Mr. Anastasios Dimopoulos Vice President for Professional Service & System Integration, and Mr. Stefanos Hadjiagapis, Vice President for Research and Development.

“SITRONICS TS is pursuing a new strategy which is to become a globally recognised and respected vendor of state-of-the-art solutions for fixed, mobile, converged, IP and BSS/OSS solutions with profound knowledge of customers’ needs“, said Igor Hulák, head of SITRONICS Telecom Solutions business division. “I am confident that the Czech branch will continue to drive key network technology and product development for the whole Telecom Solutions division of SITRONICS“.

SITRONICS Telecom Solutions’ development centres in the Czech Republic will continue to focus on development and support of its high added value Next Generation Networks solutions and OSS/BSS systems.

Curriculum Vitae:

Pavel Bednář, Vice President of SITRONICS Telecom and Solutions and General Director of SITRONICS Telecom Solutions, Czech Republic a.s.
Pavel Bednář (37) graduated from the Czech Technical University in Prague where he majored in telecommunications. Pavel Bednář joined STROM telecom, the predecessor of SITRONICS Telecom Solutions, Czech Republic, in 1993 as one of the company’s first employees. He worked for nine years in the Telecommunication Technologies Department where his leadership and personal involvement played a crucial role in the development of the company’s main digital platforms and next generation networks products – the MEDIO and TENNET ranges respectively, which now successfully compete with the products of the world’s largest suppliers of digital switching systems and NGN platforms for mobile and fixed operators. In 2005 Pavel Bednář assumed the position of Executive Director of Technical Division, which employs more than one thousand highly competent engineers who develop and manage ICT products and oversee project management and technical support for the Czech Republic and other countries. In 2006 Pavel was appointed to the Board of Directors.

About SITRONICS Telecom Solutions, Czech Republic
Founded in the Czech Republic in 1993, SITRONICS Telecom Solutions Czech Republic develops and produces high-end communications equipment and ICT systems with proven performance and reliability. The company also provides diverse services to enable its customers to effectively plan network development and to optimize business processes. SITRONICS TS Czech Republic now has over 1300 employees, 70 % of whom are dedicated specialists and developers working at the company’s locations in the Czech Republic, Russia, France, Germany, the United Arab Emirates, Malaysia, Bosnia and Herzegovina, Slovakia, Slovenia and Ukraine. SITRONICS TS Czech Republic products are installed in over 50 networks in 14 countries, serving over 65 million subscribers. The company is a member of SITRONICS JSC (LSE: SITR), a subsidiary of AFK SISTEMA, the largest diversified holding company in Russia. For more information, please visit:

About SITRONICS Telecom Solutions Division
SITRONICS TS is a leading provider of telecommunication solutions with an established track record of implementing its solutions in the mobile and fixed networks of major telecommunication operators in the CIS and EEMEA markets. SITRONICS TS develops, produces and deploys hardware and software solutions, including digital switching, BSS/OSS, (broadband) wireline access and transmission systems, Next Generation Networks (NGN) and content delivery network solutions such as IPTV and video, voice and data content or “triple-play”.
SITRONICS Telecom Solutions is a business division of SITRONICS JSC and consists of Prague-based SITRONICS Telecom Solutions, Czech Republic, SITRONICS Telecom Solutions (Russia) and INTRACOM TELECOM headquartered in Athens.
SITRONICS TS has 5,300 employees working at the division companies’ locations in 24 countries. Its products are deployed in diverse networks of over 150 operators in 60 countries.
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 29 countries and exports its products and services to more than 60 countries. SITRONICS has over 10,000 employees of whom approximately 4,600 are involved in research and development.
SITRONICS’ key Telecommunication Solutions operations are based in Prague, Czech Republic and Athens, Greece, while the company’s IT Solutions and Microelectronic Solutions divisions are based in Kiev, Ukraine and Zelenograd, Russia respectively.
For the nine months ending 30 September 2006, SITRONICS’ revenues and OIBDA were $1.05 billion and $114.7 million, respectively. As of 30 September 2006, SITRONICS had total assets of approximately $1.6 billion.
SITRONICS is majority owned by Sistema, the largest diversified holding company in Russia and CIS.
SITRONICS has developed strategic alliances in its home markets with Cisco Systems, STMicroelectronics, Infineon and Giesecke & Devrient in relation to certain products and services. SITRONICS has vendor relationships with Siemens, Ericsson, Motorola, ORACLE, Intel, Sun Microsystems and Microsoft. Key customers include Sistema group companies, such as MTS, Comstar UTS and MTT, and also OTE, Cosmote, Vodafone, Ericsson, Arcelor Mittal (formerly Mittal Steel), Banca Intesa and TCL of China.


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