Brief: Bittium: Finnish Defence To Make Purchase Agreement For Bittium Tough SDR Tactical Radios

Bittium Oyj

11/12/2018 07:14

Dec 11 (Reuters) - Oyj  BITTI.HE :
    * THE FINNISH DEFENCE FORCES AUTHORIZED TO SIGN AN AGREEMENT WITH BITTIUM CORPORATION'S
SUBSIDIARY
BITTIUM WIRELESS LTD ON PURCHASING THE BITTIUM TOUGH SDR TACTICAL RADIOS
    * VALUE OF PURCHASE AGREEMENT CURRENTLY UNDER NEGOTIATIONS IS AT MAXIMUM APPROXIMATELY EUR
13
MILLION
    * PURCHASE AGREEMENT DOES NOT CHANGE BITTIUM CORPORATION'S FINANCIAL OUTLOOK FOR YEAR 2018
    * PURCHASE AGREEMENT WILL INCLUDE TERMS FOR OPTIONAL ADDITIONAL PURCHASE
    * DELIVERY WILL BE COMPLETED AT LATEST BY END OF YEAR 2020
    * IF PURCHASE AMOUNTS WOULD REALIZE IN FULL, TOTAL VALUE OF PURCHASE WOULD BE EUR 257
MILLION AT
MAXIMUM
    * FINNISH DEFENCE FORCES AIM AT MAKING THESE ADDITIONAL PURCHASES DURING NEXT TEN YEARS

Source text for Eikon:  ID:nWkr3KShqm 
Further company coverage:  BITTI.HE 

 (Gdynia Newsroom)
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