Stock Exchange & Press Releases 2014
Print this releaseJuly 15, 2014
Elektrobit (EB) has received a purchase order from the Finnish Defence Forces for Tactical Wireless IP Network products
Press release
Free for publication on July 15, 2014 at 11.30 a.m. (CEST +1)
Elektrobit (EB) has received a purchase order from the Finnish Defence Forces for Tactical Wireless IP Network products
The renewal of the Finnish Defence Forces' command and control data networks continues with EB's software defined radios
OULU, FINLAND, July 15, 2014 - Elektrobit (EB) has received a purchase order from the Finnish Defence Forces for EB Tactical Wireless IP Network (TAC WIN) system products. The Finnish Defence Forces have also issued a purchase option, which enables further purchases of the same products. The purchase order and the purchase option are continuation of the delivery contract signed between EB and the Finnish Defence Forces in September 2011 and related product deliveries that began in December 2012. In accordance with the contract EB is developing the Tactical Wireless IP Network for the Finnish Defence Forces and delivers software defined radios that are the basis for the EB TAC WIN system.
"The purchased products represent the latest technology in tactical communication by enabling the use of Internet-like data networks when commanding mobile troops of the Army. The Tactical Wireless IP Network system is combat proof, independent from external data networks and highly automated. Software-based functionality enables cost-efficient development and adaptability during the whole lifespan of the system. It is a high-quality data transfer solution for both national and international operations." states Colonel Harri Virtanen, Assistant Chief of Staff G6, Finnish Army.
"We are happy that the successful collaboration between EB and the Finnish Defence Forces are continuing in renewing the tactical data transfer systems for the Finnish Defence Forces. The good quality and high performance of the products are a result of our many years of experience and knowhow in the field of communication and radio technology and good cooperation with the Finnish Defence Forces. The Tactical Wireless IP Network is a new generation broadband wireless backbone network that can in addition to the Finnish Defence Forces' application and because of the qualities for the system, be deployed also for example in public safety applications in disaster response situations ." says Harri Romppainen, Vice President of Defense at EB.
The EB Tactical Wireless IP Network (TAC WIN) is a wireless broadband network system intended for military and public safety use. With the system MANET (mobile ad hoc network), link, and connection networks can be formed into one logical IP network quickly, no matter what the location is. It is compatible with existing fixed and wireless network infrastructures. The core of the system is a software defined radio based tactical router, which is versatile, easily adaptable to different needs and can be easily updated with software for future needs. With the tactical router users can freely form both wired and wireless broadband data transfer connections. The system comprises also three radio heads, and each radio head covers its own frequency band area and can be used for flexible formation of different network topologies for different communication needs. All the products of the system are designed for harsh conditions, and thanks to the system's automated functions the implementation of the system can be done quickly.
The value of the received purchase order is EUR 6.8 million (excl. VAT). The order has no significant impact on EB's net sales, operating result or balance sheet. It has also no effect on EB's outlook for the year 2014, published on April 30, 2014 in EB's Interim Report January-March 2014, and the guidance for the year 2014 remains unchanged. The value of the purchase option is EUR 5.7 million (excl. VAT).
Further information:
Harri Romppainen
Vice President, Defense
Elektrobit (EB)
Tel. +358 40 344 2000
defense(a)elektrobit.com
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Elektrobit Corporation (EB)
EB creates advanced technology and turns it into enriching end-user experiences. EB is specialized in demanding embedded software and hardware solutions for wireless and automotive industries. Net sales in 2013 totaled EUR 199.3 million and the operating profit was EUR 8.1 million. Elektrobit Corporation is listed on the NASDAQ OMX Helsinki. www.elektrobit.com
About EB's Defense products and solutions
EB is a leading expert in radio and communications solutions. EB delivers products and services for wireless and wire-line tactical communications and signals intelligence. The state-of-the-art products are developed and tested to meet extreme requirements.