Stock exchange release
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 and Bittium Tough Comnode™ terminals, which are meant for tactical communications. The total value of the purchase order is EUR 11.5 million (excl. VAT) of which the share of the Bittium TAC WIN system’s products is EUR 9.9 million and the share of the Bittium Tough Comnode terminals is EUR 1.6 million. Bittium will publish its Financial Statement Bulletin 2018 on February 21, 2019, where Bittium will release the financial outlook for 2019.
The share of the purchase order including Bittium TAC WIN system’s products is based on the Framework Agreement signed by Bittium and the Finnish Defence Forces on August 9, 2018. According to the Framework Agreement, the Finnish Defence Forces will order products included in the Software Defined Radio based Bittium TAC WIN system during the years 2018-2020. If materialized in full, the total value of the Framework Agreement is EUR 30 million (excl. VAT). 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 2019. 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 issued a stock exchange release on the signing of the Framework Agreement on August 9, 2017.
The share of the purchase order including Bittium Tough Comnode terminals is based on the Framework Agreement signed by Bittium and the Finnish Defence Forces on November 5, 2018. According to the Framework Agreement, the Finnish Defence Forces will order Bittium Tough Comnode terminals and related accessories during the years 2018-2022. If materialized in full, the total value of the Framework Agreement is EUR 8.3 million (excl. VAT). Finnish Defence Forces will issue separate purchase orders in several batches during the validity of the Framework Agreement. The products ordered now will be delivered to the Finnish Defence Forces during the year 2019. 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 issued a stock exchange release on the signing of the Framework Agreement on November 5, 2018.
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:
Bittium Tough Comnode™
The versatile Bittium Tough Comnode fulfils the data transfer needs of the mobile troops by functioning for example as a VoIP phone, an IP router, and an SHDSL repeater. 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. 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).
More information on the Bittium Tough Comnode terminal: https://www.bittium.com/BittiumToughComnode
Oulu, February 14, 2019
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