Significant Events after the Reporting Period

February 14, 2019 – Bittium Wireless Ltd, a subsidiary of Bittium Corporation, 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.

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, 2017. 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 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.