Stock exchange release
Free for publication on November 5, 2018 at 8.00am (CET +1)
Oulu, Finland, November 5, 2018 – Bittium Wireless Ltd, a subsidiary of Bittium Corporation, and Finnish Defence Forces have signed a Framework Agreement on Bittium Tough Comnode™ terminals and related accessories. The Framework Agreement covers the years 2018-2022. The maximum value of the Framework Agreement is EUR 8.3 million (excl. VAT). The Finnish Defence Forces will issue separate purchase orders in several batches during the validity of the Framework Agreement. The Framework Agreement does not change Bittium's financial outlook for the year 2018, published on August 8, 2018 in Bittium's Half Year Financial Report January-June 2018.
Bittium announced on October 3, 2018 that the Finnish Minister of Defence Jussi Niinistö had authorized the Finnish Defence Forces Logistics Command to enter into a Framework Agreement with Bittium Wireless Ltd on the purchase of Bittium Tough Comnode™ terminals and related accessories.
Bittium Tough Comnode™ will fulfil the data transfer needs of the Finnish Defence Forces’ mobile troops by functioning for example as a VoIP phone (Voice over IP), an IP router (Internet Protocol), and an SHDSL repeater (Symmetrical High-speed Digital Subscriber Line). The terminals will be used by all three military branches.
Bittium Tough Comnode™ is rugged and easy to install in different environments, and is also portable by soldiers on the battlefield. The terminal is compatible with the software defined radio based Bittium Tactical Wireless IP Network™ (TAC WIN) system, which is meant for broadband tactical communications and is used by the Finnish Defence Forces. The terminal offers diverse connectivity options also to third-party equipment and systems. Bittium Tough Comnode™ also enables using legacy Combat Net Radios (CNR) as part of the IP-based tactical communication system (Radio over IP, RoIP).
Oulu, November 5, 2018
Senior Vice President, Defense & Security
Tel. +358 40 344 3507
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. Bittium also offers healthcare tehnology products and services for the measurement and monitoring of biosignals in the areas of cardiology, neurology, rehabilitation, occupational health and sports medicine. Net sales in 2017 were EUR 51.6 million. Bittium is listed on Nasdaq Helsinki. www.bittium.com .