Aastra Technologies Limited

Aastra Technologies Limited

February 11, 2010 17:01 ET

KEYMILE to Acquire Aastra's XMP1 Product Line

TORONTO, ONTARIO--(Marketwire - Feb. 11, 2010) - Aastra Technologies Limited (TSX:AAH) is pleased to announce that it has entered into an agreement with KEYMILE GmbH, to divest its subsidiary Aastra Networks GmbH, which operates its transmission and multiplexer product line. The acquisition of Aastra Networks by Keymile is subject to customary closing conditions and is expected to close late in the first quarter of 2010.

Based in Hannover, Germany, KEYMILE is a manufacturer of data transmission systems. Aastra Networks' product line of access multiplexers used in the data networks of traffic infrastructure and power suppliers is complementary to the products and solutions offered by KEYMILE in these markets.

With this divestiture, Aastra will be further focused on its core Enterprise Communications Business. Acquired as part of the Ericsson Enterprise acquisition in 2008, the Aastra Network product line represented less than two percent of Aastra's total revenues for fiscal 2009.

About Aastra

Aastra Technologies Limited is a global company at the forefront of the Enterprise Communication market. Headquartered in Concord, Ontario, Canada, Aastra develops and delivers innovative and integrated solutions that address the communication needs of businesses small and large around the world. Aastra enables Enterprises to communicate and collaborate more efficiently and effectively by offering customers a full range of open standard IP-based and traditional communications networking products, including terminals, systems, and applications. For additional information on Aastra, visit our website at http://www.aastra.com. "Aastra" is a registered trademark of Aastra Technologies Limited.

This press release contains forward-looking information or forward-looking statements within the meaning of applicable securities legislation ("forward-looking statements"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, potentials, future events or performance (often, but not always, using words or phrases such as "believes", "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", or "intends" or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken or achieved) are not statements of historical fact, but are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Aastra, or developments in Aastra's business or in its industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Please refer to the heading "Risk Factors" in our annual information form filed on www.sedar.com, for the material factors that could cause our actual results to differ materially from the forward-looking statements made today. It is important to note that: unless otherwise indicated, forward-looking statements in this press release describe Aastra's expectations as of the date of this press release; Aastra cautions readers not to place undue reliance on the forward-looking statements in this press release as actual results may differ materially from expectations if known and unknown risks or uncertainties affect Aastra's business, or if estimates or assumptions prove inaccurate. Therefore, Aastra cannot provide any assurance that forward-looking statements will materialize and Aastra assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or other reason.

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