Stock exchange release
Free for publication on December 7, 2015 at 1.00 pm. (CET +1)
Bittium received a purchase order from the Finnish Defence Forces for the Software-Defined Radio based system products meant for tactical communications
Oulu, Finland, December 7, 2015 - Bittium has received a purchase order from the Finnish Defence Forces for the Bittium Tactical Wireless IP Network (TAC WIN) system products, which are meant for tactical communications. The purchase order is the materialization of a purchase option issued together with a purchase order received in July 2014. Both the original purchase order and the now materialized purchase option are part of the renewal of the Finnish Defence Forces' command and control data networks with Bittium's TAC WIN system.
The value of the received purchase order is EUR 5.1 million (excl. VAT). The order has no significant impact on Bittium's net sales, operating result or financial standing, and it has also no effect on Bittium's financial outlook for the year 2015, published on November 5, 2015 in the Interim Report January-September 2015.
The development work of the Bittium TAC WIN system began in September 2011 with a delivery contract signed between Bittium and the Finnish Defence Forces and with related product deliveries. The product deliveries started in December 2012 and have continued with the purchase order received in July 2014. The products that were ordered now will be delivered to the Finnish Defence Forces during the year 2016.
Bittium Tactical Wireless IP Network (TAC WIN) is a 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. It is compatible with existing fixed and wireless network infrastructures. The core of the system is a software-defined radio based tactical router, which is versatile, easily adaptable to different needs and can be easily updated with software for future needs. With the tactical router users can freely form both wired and wireless broadband data transfer connections. The system comprises also three types of radio heads, and each radio head covers its own frequency band area and can be used for flexible formation of different 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. More information about the Bittium TAC WIN system and the related products: http://www.bittium.com/products__services/defense/bittium_tactical_wireless_ip_network.
Oulu, December 7, 2015
Senior Vice President, Sales
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 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. In 2014, Bittium's net sales of continuing operations, was EUR 52.7 million and its operating profit was EUR 0.8 million. Bittium is listed on Nasdaq Helsinki Exchange. www.bittium.com