Stockholm, Sweden, 25th May 2010 - Transmode, a leading provider of Optical networking Solutions, today announced it has been selected as a finalist for Red Herring's Europe 100 award, a prestigious list honoring the past year's most promising private technology companies in Europe.

Finalists for the 2010 edition of the Red Herring 100 Europe award are selected from a pool of hundreds from across Europe by the Red Herring editorial team. Selection is made based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health.

"We are honored to have been selected by Red Herring for this award," said Karl Thedéen, CEO Transmode. "It is recognition of the company's hard work at a time when Transmode has been growing and continuing to deploying optical networks across the globe."

"This year was especially difficult," said Alex Vieux, publisher and CEO of Red Herring. "Despite the global economic situation, there have been many great companies producing really innovative and amazing products. So we had a hard time narrowing the field and selecting the finalists. Transmode shows great promise therefore deserves to be among the Finalists. Now we're faced with the difficult task of selecting the Top 100 winners of Red Herring Europe award. We know that this year's crop will grow into some amazing companies that are sure to go far."

About Transmode

Transmode is a leading provider of optical networking solutions for transport of data, voice and video traffic, based on CWDM and DWDM technology (Coarse/Dense Wavelength Division Multiplexing).  

Transmode's unique Intelligent WDM (iWDM(TM)) approach has lead to widespread deployment of over 10000 systems in a customer base consisting of more than 250 fixed and mobile network operators, service providers, large enterprises and public institutions across Europe, the Americas and Asia.

Transmode's comprehensive product portfolio and strong global organization enable our customers to grow the capacity and to improve service level of their regional, metro and metro access networks, on a cost-efficient basis without compromising on functionality.

For additional information about Transmode, please visit www.transmode.com.

For more information please contact:

Ola Elmeland

Vice President Marketing & Communications

Transmode Systems AB

Telephone: +46 8 506 882 71

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