Stock exchange release
Free for publication on August 9, 2017 at 2.45pm (CEST +1)
Oulu, Finland, August 9, 2017 – Bittium Wireless Ltd, subsidiary of Bittium Corporation, and the Finnish Defence Forces have signed a Framework Agreement for the purchase of Bittium Tactical Wireless IP Network™ (TAC WIN) system products. The Framework Agreement covers the years 2018-2020, and if materialized in full, the total value of the agreement is EUR 30 million (excl. VAT). According to the Framework Agreement, Finnish Defence Forces will issue separate purchase orders for the products each year. The Framework Agreement has no effect on Bittium's financial outlook for the year 2017, published on August 9, 2017 in Bittium's Half Year Financial Report January-June 2017.
”The Framework Agreement helps us to inform equipment pricing to different military branches, collect equipment needs from different units for each year, and make respective purchase orders collectively”, says Chief of C3-sector, Major (Eng.) Jari Viuho, Finnish Defence Forces Logistics Command, Joint Systems Centre.
”The Framework Agreement is an excellent proof of the field applicability of our products, as well as a show of confidence from the Finnish Defence Forces regarding our work. We continue the good cooperation and the product deliveries with enthusiasm over the coming years”, says Mr. Hannu Huttunen, CEO of Bittium.
The Framework Agreement is continuation to the long cooperation between the Finnish Defence Forces and Bittium. It will continue 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 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 announced on July 6, 2017 that the Finnish Minister of Defence Jussi Niinistö had authorized Finnish Defence Forces to purchase Software Defined Radio based Bittium Tactical Wireless IP Network™ (TAC WIN) system products meant for tactical data transfer.
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:
https://www.bittium.com/products__services/defense/bittium_tactical_wireless_ip_network .
Oulu, August 9, 2017
Hannu Huttunen
CEO
Further information:
Jari Sankala
Senior Vice President, Defense & Security
Tel. +358 40 344 3507
Distribution:
Nasdaq Helsinki Ltd
Main media
Bittium
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. From November 2016 onwards, Bittium offers its customers also healthcare technology products and services in biosignal measuring in the areas of cardiology, neurology, rehabilitation, occupational health and sports medicine. Net sales in 2016 was EUR 64.2 million and operating profit was EUR 2.5 million. Bittium is listed on Nasdaq Helsinki. www.bittium.com .
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