Aastra Technologies Limited

Aastra Technologies Limited

May 31, 2006 16:49 ET

Aastra Completes Sale of Digital Video Business to Harris Corporation

TORONTO, ONTARIO--(CCNMatthews - May 31, 2006) - Aastra Technologies Limited (TSX:AAH) is pleased to announce that it has completed the previously announced sale of its Aastra Digital Video (ADV) business unit to Harris Corporation (NYSE:HRS) based in Melbourne, Florida. The net purchase price is $34.8 million USD (CDN $39 million at current exchange rates), subject to customary closing adjustments.

TD Securities Inc. acted as exclusive advisor to Aastra with respect to this transaction.

About Aastra Technologies Limited

Aastra Technologies Limited (TSX:AAH), headquartered in Concord, Ontario, Canada, develops and markets products and systems for accessing communication networks. Aastra's products include a full range of residential and business telephone terminals, Enterprise Private Branch Exchanges (PBX) and network access servers. Aastra serves the majority of telephone companies and numerous distributors in North America and Europe, with a growing presence in South America and Asia. For more information on Aastra, visit our Web site at http://www.aastra.com.

This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements of plans, objectives, strategies and expectations. The words "anticipate," "believe," "estimate" and "expect" and similar expressions are intended to identify forward-looking statements. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations are included in the reports filed by Aastra with securities regulatory authorities in Canada. Aastra disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this statement.

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