NASDAQ OMX (NASDAQ:NDAQ) announces that Transmode Holding AB (short name: TRMO), a mid cap telecommunications company within the Information Technology sector, today starts trading of its shares on the main market of NASDAQ OMX Stockholm. Transmode is the fifth company to list at the main market of NASDAQ OMX Stockholm in 2011.
Transmode is a global provider of packet-optical networking solutions which are designed to enable fixed and mobile network operators to cost effectively address capacity constraints created by the rapid growth in video and data traffic. Transmode's solutions serve as important building blocks in next-generation high speed optical networks that support services such as broadband backhaul, mobile data backhaul, video delivery services and cloud computing.
For more information visit: www.transmode.com.
Karl Thedéen, CEO at Transmode said: "Since 2000 Transmode has grown to become one of the largest vendors of telecoms equipment in Sweden. Over the past four years we have almost doubled our revenues to SEK 699 million in 2010, when we delivered to customers in 38 countries. A listing on NASDAQ OMX is a logical and important step in Transmode's development, and will help support our global expansion as well as increase awareness for the company."
Jenny Rosberg, Senior Vice President at NASDAQ OMX commented, "NASDAQ OMX has the strongest information technology sector in the world, and Transmode is a welcome addition to our family of companies. Transmode is active within the rapidly growing optical networking industry, and today we are pleased to present our global investor-base with a new investment alternative in this exciting market."
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The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/nasdaqomx) and Twitter (http://www.twitter.com/nasdaqomx).
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The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
NASDAQ OMX Media contacts:
Martin Hedensiö +46 (8) 405 62 54
martin.hedensio@nasdaqomx.com
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