Bittium Oyj - Inside information

Inside Information: Bittium Wireless Ltd, a subsidiary of Bittium Corporation and BAE Systems Signed a Framework Agreement on Bittium's Tactical Communications Offering

Bittium Corporation
Inside information

Inside Information: Bittium Wireless Ltd, a subsidiary of Bittium Corporation
and BAE Systems Signed a Framework Agreement on Bittium's Tactical
Communications Offering

Bittium Corporation, Stock Exchange Release, June 19, 2024, at 4.30 pm (CEST+1)

Bittium Wireless Ltd, a subsidiary of Bittium Corporation has signed a Framework
Agreement with BAE Systems (Operations) Ltd (acting through BAE Systems Digital
Intelligence) for BAE Systems to offer Bittium's tactical communications
products, services, and systems for the use by its customers both in the UK and
abroad. The agreement does not contain a minimum purchase commitment, nor an
exclusive right to sell. BAE Systems is one of the world's largest defense
operators providing some of the world's most advanced, technology-led defense,
aerospace, and security solutions.

The framework runs from 2024 to 2027. As part of this framework, BAE Systems and
Bittium intend to participate in selected future tenders for tactical
communications requirements. Together, BAE Systems and Bittium can offer the
ESSOR High Data Rate Waveform that is a NATO standard and the preferred waveform
for radio interoperability across NATO partners. ESSOR waveform is supported by
Bittium Tough SDR™ radios. Under this Framework Agreement the first call for
tenders applicable to tactical communications products is estimated to start
during the latter half of 2024.

“The cooperation with BAE Systems is a significant step in Bittium's
internationalization strategy. We are proud that Europe's leading defense
company has chosen our products as part of their offering. This is an indication
of reliability, quality, and technological pioneering of our products. Our
opportunity to grow in international markets improves significantly alongside a
major operator and we look forward to possible future joint customers projects”,
says Johan Westermarck, CEO of Bittium Corporation.

“This framework agreement demonstrates our commitment to ensure we are always
able to deliver the most impactful technology solutions for our customers - no
matter what operational challenge they face. Partnering with organisations like
Bittium help our customers navigate today's complex and dynamic defence
landscape and ultimately achieve their missions. Finland is known across the
world for its innovative technology companies and BAE Systems has a strong
partnership with Finnish industry that we are pleased to continue to build on
with Bittium,” says Mark Todd, Head of Products - C5ISR, BAE Systems Digital
Intelligence.

Oulu, June 19, 2024

Bittium Corporation
Johan Westermarck
CEO

Further information:

Tommi Kangas
Senior Vice President, Defense & Security
Tel. +358 40 344 2789 (group communications)


Distribution

Nasdaq Helsinki Oy
Main media


Bittium

Bittium specializes in the development of reliable, secure communications and
connectivity solutions leveraging its over 35-year legacy of expertise in
advanced radio communication technologies. Bittium provides innovative products
and services, customized solutions based on its product platforms and R&D
services. Complementing its communications and connectivity solutions, Bittium
offers proven information security solutions for mobile devices and portable
computers. Bittium also provides healthcare technology products and services for
biosignal measuring in the areas of cardiology and neurophysiology. Net sales in
2023 were EUR 75.2 million and operating loss was EUR -4.3 million. Bittium is
listed on Nasdaq Helsinki. www.bittium.com

About BAE Systems

At BAE Systems, we provide some of the world's most advanced, technology-led
defence, aerospace and security solutions. We employ a skilled workforce of
around 100,000 people in more than 40 countries. Working with customers and
local partners, we develop, engineer, manufacture, and support products and
systems to deliver military capability, protect national security, and keep
critical information and infrastructure secure. www.baesystems.com.

Attachments:

06194563.pdf