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Elektrobit Group Oyj - New facilities for Bittium in Oulu, Finland

December 23, 2015

New facilities for Bittium in Oulu, Finland

Stock Exchange Release

Free for publication on December 23, 2015 at 1.30 pm (CET+1)

New facilities for Bittium in Oulu, Finland

Today Bittium Technologies Ltd and NCC Rakennus Oy have signed a contract to build new facilities for Bittium in Oulu, Finland. The agreement is design and construct contract in nature and the cost will be approximately EUR 13 million. The new facilities will consist of approximately 8600 square meter and will be located at the intersection of Ritaharjuntie and Tietolinja in Oulu. They will be ready for use by the end of 2017. The total cost of the project is approximately EUR 15 million including land property and fittings. The project will be financed from the company's existing financing structure as the project moves forward. The company expects to streamline its operations and save costs from 2018 onwards once the project has been completed.

The plans for the new facilities are based on centralizing the operations to improve efficiency and to achieve cost savings. The building will be constructed as activity-spaced office, which improves the usage of existing space and also well-being at work. Compared to traditional building models, activity-spaced office has higher utilization rate and supports individual needs well. In the activity-spaced office, the employees have a new type of freedom to choose the working space that best supports individual tasks. The new facilities planned will be built according to Bittium's needs, taking into account the high information security requirements.

In Oulu, December 23, 2015

Bittium Corporation
Hannu Huttunen
CEO

Further information:

Hannu Huttunen
CEO
Tel. +35840 344 5258

Distribution:

NASDAQ Helsinki
Main media

Bittium

Bittium is specialized in developing reliable and secure communications and connectivity solutions using the latest technologies and deep knowledge on radio technology. Bittium provides innovative products and customized solutions based on its product platforms, and R&D services for customers in various industries. Bittium also offers high quality information security solutions for mobile devices and portable computers. Net sales of continuing operations in 2014 was EUR 52.7 million and operating profit was EUR 0.8 million. Bittium is listed on Nasdaq Helsinki. www.bittium.com