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BITTI - Bittium Oyj News Story

€6.88 -0.1  -1.3%

Last Trade - 16/04/21

Sector
Technology
Size
Small Cap
Market Cap £212.8m
Enterprise Value £210.9m
Revenue £67.9m
Position in Universe 697th / 1831

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

Tue 11th December, 2018 7:14am
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)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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