April 13, 2018
Stock exchange release
Free for publication on April 13, 2018 at 4.55pm (CEST +1)
Bittium Wireless Ltd, a subsidiary of Bittium Corporation has received a purchase order from the Finnish Defence Forces for Bittium TAC WIN products
Oulu, Finland, April 13, 2018 – Bittium Wireless Ltd, a subsidiary of Bittium Corporation has received a purchase order from the Finnish Defence Forces for products included in the Software Defined Radio based Bittium Tactical Wireless IP Network™ (TAC WIN) system, which is meant for tactical communications. The value of the purchase order is EUR 14.3 million (excl. VAT). The purchase order does not change Bittium's financial outlook for the year 2018, published on February 22, 2018 in Bittium Corporation’s Financial Statement Bulletin 2017.
The purchase order is based on the Framework Agreement signed by Bittium and the Finnish Defence Forces on August 9, 2017, according to which the Finnish Defence Forces will order products included in the Software Defined Radio based Bittium TAC WIN system during the years 2018-2020. According to the Framework Agreement, Finnish Defence Forces will issue separate purchase orders for the products each year. The products ordered now will be delivered to the Finnish Defence Forces during the year 2018. If materialized in full, the total value of the Framework Agreement is EUR 30 million (excl. VAT). Bittium issued a stock exchange release about the Frame Agreement on August 9, 2017.
The purchase order is part of the renewal of the Finnish Defence Forces’ command, control and communications system, where the Software Defined Radio based Bittium TAC WIN system acts as the backbone network for tactical data transfer. Bittium TAC WIN provides broadband IP network connections for mobile communication stations and command posts. In the reformed combat doctrine of the Finnish Defence Forces, mobility, leading the troops on the move, and effective communications play a key role.
Bittium Tactical Wireless IP Network™
Bittium Tactical Wireless IP Network (TAC WIN) is a Software Defined Radio based wireless broadband network system intended for military and public safety use. With the system MANET (mobile ad hoc network), link, and connection networks can be formed into one logical IP network quickly, no matter what the location is. Bittium TAC WIN is compatible with existing fixed and wireless network infrastructures. The core of the system is a tactical router that enables users to freely form both wired and wireless broadband data transfer IP connections. Tactical router enables also connections to different types of terminals and other communication systems connecting them into a one communication network. In addition to the router the system comprises three types of radio heads, and each radio head covers its own frequency band area and can be used for flexible formation of optimized network topologies for different communication needs. All the products of the system are designed for harsh conditions, and thanks to the system's automated functions the implementation of the system can be done quickly. Due to the software-based functionality of the Bittium TAC WIN system, it can be easily updated with additional performance cost-efficiently during the whole lifespan of the system.
More information on the Bittium TAC WIN system and the related products:
Oulu, April 13, 2018
Senior Vice President, Defense & Security
Tel. +358 40 344 3507
Nasdaq Helsinki Ltd
Bittium specializes in the development of reliable, secure communications and connectivity solutions leveraging its 30 year legacy of expertise in advanced radio communication technologies. Bittium provides innovative products and services, customized solutions based on its product platforms and R&D services. Complementing its communications and connectivity solutions, Bittium offers proven information security solutions for mobile devices and portable computers. Bittium also provides healthcare technology products and services for biosignal measuring in the areas of cardiology, neurology, rehabilitation, occupational health and sports medicine. Net sales in 2017 were EUR 51.6 million and operating loss was EUR -6.2 million. Bittium is listed on Nasdaq Helsinki. www.bittium.com