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Date: 16th April 2007
Title: Karl Thedéen joins Transmode from Ericsson as new CEO 

Transmode, a leading provider of Multi-Reach Optical Networking Solutions, today announced that Karl Thedéen, most recently Vice President - Head of Product Area Wireline at Ericsson, has joined Transmode as Chief Executive Officer.

Karl, 43, takes over from Rune Hurtig, Chairman of the Transmode Board of Directors and since August 2005 acting CEO at Transmode. Rune will continue in his role as Chairman of the Board which he has held since 2000.

"Transmode is currently undergoing a rapid period expansion and has grown to become a leading player within the Metro and Regional WDM market," said Rune Hurtig, Chairman and the outgoing acting CEO. "Karl brings the expertise and vision to guide Transmode forward in the next phase of the company's expansion combined with strong executive and personal qualities. I welcome Karl to the team and I am confident that under his leadership Transmode will continue to prosper."

Karl was previously Vice President – Head of Product Area Wireline at Ericsson. In this role Karl had responsibility for wireline products and new product introduction. In addition the role included managing relationships with major external partners and Karl also took a leading role in Ericsson's recent acquisitions, including leading the bid team on the Entrisphere acquisition. Prior to this role, Karl has held a number of senior management roles in both sales and product management and also undertook a period in the Swedish Naval Reserve.

"I am honoured to be joining such a strong team as the one already in place at Transmode," said Karl Thedéen, the newly appointed CEO. "The team has performed exceptionally over the last few years and I welcome the opportunity to add my expertise to further accelerate growth and development at such an exciting time in the company's evolution. With our product portfolio we are in an ideal position to capitalise on the massive expansion in fixed networks required for delivery of next generation services, such as IPTV and Video-on-Demand."

About Transmode
Transmode is a leading provider of Optical Networking solutions. Innovations such as intelligent WDM (iWDM), which dramatically lowers operational cost, and highly modular multi-reach DWDM, which reduces network CAPEX and complexity, have contributed to success at a global level, with a customer base of more than 150 network operators, service providers, enterprises and public institutions across Europe, the Americas and Asia.

Transmode's product portfolio addresses Optical Networking requirements from regional networks, through metro core and access networks, all the way down to the customer premises, without compromising on functionality or cost-efficiency.

For more information about Transmode, please visit http://www.transmode.com