Stock exchange release
Free for publication on February 8, 2022 at 6.00 pm (CET+1)
In Oulu, Finland, February 8, 2022 – The Finnish Defence Forces order Bittium Tactical Wireless IP Network™ (TAC WIN) system’s products based on a Framework Agreement on the purchase of the products. The value of the purchase order is approximately EUR 8.8 million (excl. VAT). The ordered tactical routers and radio heads are related to several ongoing projects in the Finnish Defense Forces, where Bittium TAC WIN provides broadband IP network connections for mobile communication stations and command posts.
Bittium TAC WIN system’s products are ordered based on a Framework Agreement between Bittium and the Finnish Defence Forces, according to which the Finnish Defence Forces purchase Bittium TAC WIN system’s products for tactical communications. The Framework Agreement covers the years 2021–2024, with a total value of approximately EUR 30 million (excl. VAT) at the maximum. According to the Framework Agreement, the Finnish Defence Forces will issue separate purchase orders for the products each year. Bittium announced on December 22, 2020 that the Finnish Minister of Defence Antti Kaikkonen had authorized the Finnish Defence Forces to purchase Bittium Tactical Wireless IP Network™ (TAC WIN) system’s products.
The ordered products will be delivered to the Finnish Defence Forces during the year 2022.
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 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 about Bittium TAC WIN system and its products: https://www.bittium.com/tactical-communications/bittium-tactical-wireless-ip-network .
Oulu, Finland, February 8, 2022
Tel. +358 40 344 3507
Bittium specializes in the development of reliable, secure communications and connectivity solutions leveraging its over 35-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 2020 were EUR 78.4 million and operating profit was EUR 2.1 million. Bittium is listed on Nasdaq Helsinki. www.bittium.com
Bittium Corporation: The Finnish Defence Forces Order Bittium TAC WIN™ System's Products Based on a Framework Agreement on the Purchase of the Products (wkr0006.pdf)