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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-Finnish Defence Forces Order Bittium TAC WIN Products And Tough Comnode Devices Based On Framework Agreements On The Purchase Of The Products

Tue 2nd March, 2021 4:16pm
March 2 (Reuters) - Bittium Oyj  BITTI.HE :
    * BITTIUM CORPORATION: THE FINNISH DEFENCE FORCES ORDER
BITTIUM
TAC WIN™ PRODUCTS AND BITTIUM TOUGH COMNODE™ DEVICES BASED ON
FRAMEWORK AGREEMENTS ON THE PURCHASE OF THE PRODUCTS
    * VALUE OF PURCHASE ORDER INCLUDING BITTIUM TAC WIN SYSTEM'S
PRODUCTS IS APPROXIMATELY EUR 8.5 MILLION (EXCLUDING. VAT)
    * BITTIUM TAC WIN SYSTEM'S PRODUCTS ARE ORDERED BASED ON A
FRAMEWORK AGREEMENT BETWEEN BITTIUM AND FINNISH DEFENCE FORCES
    * ACCORDING TO FRAMEWORK AGREEMENT, FINNISH DEFENCE FORCES
PURCHASE BITTIUM TAC WIN SYSTEM'S PRODUCTS FOR TACTICAL
COMMUNICATIONS
    * FRAMEWORK AGREEMENT COVERS YEARS 2021-2024, WITH A TOTAL
VALUE
OF APPROXIMATELY EUR 30 MILLION (EXCLUDING. VAT) AT MAXIMUM
    * PURCHASE ORDERS DO NOT CHANGE BITTIUM'S FINANCIAL OUTLOOK
FOR
YEAR 2021
    * ALL PRODUCTS WILL BE DELIVERED TO FINNISH DEFENCE FORCES
DURING
YEAR 2021

Source text for Eikon:  ID:nWkrc6ssx9 
Further company coverage:  BITTI.HE 

 ((Reuters.Briefs@thomsonreuters.com;))
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