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BERLIN, GERMANY and TORONTO, ONTARIO (July 31, 2005) -- Aastra Technologies Limited - (TSX: “AAH”) is pleased to announce that it has completed its previously announced acquisition of the telecommunication systems business of DeTeWe Deutsche Telephonwerke AG & Co KG, a member of the Röchling Group based in Germany.
About Röchling
The Röchling Group is a private company with head office in Mannheim, Germany. Röchling focuses primarily on high performance plastic technologies with operation worldwide. Röchling is a family business that was founded 183 years ago as a trading house for coal in the Saarland area of Germany. In 2004, the Röchling Group generated revenue of approximately €1.4 billion and employed 8,000 individuals.
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), network access servers and high quality digital video gateways. Aastra serves the majority of telephone companies and certain cable operators and broadcasters 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 may contain 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.
For further information contact:
Aastra
Allan Brett, CFO
905-760-4160
abrett@aastra.com
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Press Contact
Aastra Technologies Ltd.
155 Snow Blvd.
Concord, Ontario
Canada
L4K 4N9
press@aastra.com
Media Contact:
press@aastra.com
Contact Investor Relations:
investors@aastra.com
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