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    BITTI   FI0009007264

BITTIUM OYJ

(BITTI)
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Bittium Oyj : Continues to Supply the Estonian Defence Forces with Products and Systems for Tactical Communications

07/22/2021 | 08:19am EST

The deliveries are based on a Framework Agreement between Bittium's Estonian partner Telegrupp AS and the Estonian Defence Forces, and Bittium has received the first purchase orders based on the agreement

Oulu, Finland - Bittium continues to supply the Estonian Defence Forces with products and systems for tactical communications. The products and systems are complementing a tactical communications system delivered to the Estonian Defence Forces already earlier. The products and systems to be delivered include the products of the software defined Bittium Tactical Wireless IP Network(TM) (TAC WIN) system that is used to form a wireless broadband network, Bittium Tough Comnode(TM) devices, Bittium Tough VoIP(TM) product family's products, Bittium Tactical Network Management(TM) system, Bittium Tactical Power Pack(TM) battery units, and software maintenance related to the systems.

The deliveries are based on a Framework Agreement between Bittium's Estonian partner Telegrupp AS and the Estonian Defence Forces. The Framework Agreement covers the period from 2021 to 2025 and based on the agreement Bittium has received the first purchase orders valued approximately at EUR 1.4 million. The orders include product deliveries for the year 2021 and software maintenance for the years 2021-2025. Telegrupp AS acts as the integrator for the products and systems delivered to the Estonian Defence Forces, and within the Framework Agreement, also third-party products will be delivered.

The product and system deliveries continue the reform that aims to improve IP data transfer capability of the Estonian Land Forces. Bittium has already previously supplied the Estonian Defence Forces with a tactical communications system including the Bittium TAC WIN system and Bittium Tough VoIP products that contributes to the reform as part of a bigger system entity. Bittium's tactical communications system modernizes the IP data transfer, improves the performance of the network, and diversifies the wireless and wired connectivity of the system entity used by the Estonian Defence Forces.

The purchase orders do not change Bittium's financial outlook for the year 2021, published in Bittium Corporation's Business Review January-March 2021 on April 29, 2021.

More information about the products and systems:

- Bittium Tactical Wireless IP Network(TM): https://www.bittium.com/tactical-communications/bittium-tactical-wireless-ip-network

- Bittium Tough Comnode(TM): https://www.bittium.com/tactical-communications/bittium-tough-comnode

- Bittium Tough VoIP(TM) product family: https://www.bittium.com/tactical-communications/tactical-voip

- Bittium Tactical Network Management(TM): https://www.bittium.com/tactical-communications/bittium-tactical-network-management

- Bittium Tactical Power Pack(TM): https://www.bittium.com/tactical-communications/bittium-tactical-power-pack

Further information:

Jari Sankala

Senior Vice President, Defense & Security

Tel. +358 40 344 3507

Email: defense@bittium.com

Distribution: Main media

Bittium - Defense & Security

Bittium is a trusted Finnish company with over 35 years of experience in advanced radio communication technologies. For Defense & Security market Bittium provides the most modern products and solutions for tactical & secure communications. The products and solutions for tactical communications bring broadband data and voice to all troops across the battlefield. For secure communications Bittium offers proven mobile devices and cyber security solutions certified up to CONFIDENTIAL level. Net sales in 2020 were EUR 78.4 million and operating profit was EUR 2.1 million. Bittium is listed on the Nasdaq Helsinki Exchange. www.bittium.com

.

(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

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Sales 2021 80,9 M 91,7 M 91,7 M
Net income 2021 2,00 M 2,27 M 2,27 M
Net cash 2021 3,20 M 3,63 M 3,63 M
P/E ratio 2021 82,9x
Yield 2021 -
Capitalization 178 M 200 M 201 M
EV / Sales 2021 2,16x
EV / Sales 2022 1,72x
Nbr of Employees 664
Free-Float 75,1%
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Paavo Erkki Olavi Veikkolainen Chairman
Arto Pietilń Senior Vice President-Medical Technologies
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