Annual Report 2019
Report by the Board of Directors
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Significant Events During the Reporting Period

February 14, 2019–Bittium Wireless Ltd, a subsidiary of Bittium Corporation, received a purchase order from the Finnish Defence Forces for products included in the Software Defined Radio based Bittium Tactical Wireless IP Network™ (TAC WIN) system and Bittium Tough Comnode™ terminals, which are meant for tactical communications. The total value of the purchase order is EUR 11.5 million of which the share of the Bittium TAC WIN system´s products is EUR 9.9 million and the share of the Bittium Tough Comnode terminals is EUR 1.6 million.

The share of the purchase order including Bittium TAC WIN system´s products is based on the Framework Agreement signed by Bittium and the Finnish Defence Forces on August 9, 2017. According to the Framework Agreement, the Finnish Defence Forces will order products included in the Software Defined Radio based Bittium TAC WIN system during the years 2018–2020. If materialized in full, the total value of the Framework Agreement is EUR 30 million. Finnish Defence Forces will issue separate purchase orders for the products each year. The products ordered in February will be delivered to the Finnish Defence Forces during the year 2019.

The share of the purchase order including Bittium Tough Comnode terminals is based on the Framework Agreement signed by Bittium and the Finnish Defence Forces on November 5, 2018. According to the Framework Agreement, the Finnish Defence Forces will order Bittium Tough Comnode terminals and related accessories during the years 2018–2022. If materialized in full, the total value of the Framework Agreement is EUR 8.3 million. Finnish Defence Forces will issue separate purchase orders in several batches during the validity of the Framework Agreement. The products ordered in February will be delivered to the Finnish Defence Forces during the year 2019.

On March 1, 2019 Mr. Klaus Mäntysaari, Senior Vice President Connectivity Solutions of Bittium Corporation, a member of Bittium Management Group, decided to leave to another company. Mr. Mäntysaari has been working for Bittium since 2004 in several positions in the wireless services business. He continued at Bittium until April 30, 2019. Temporarily Mr. Hannu Huttunen, CEO of the company, was leading the Connectivity Solutions business. As of May 1, 2019 Bittium management group consisted of following persons: Mr. Hannu Huttunen, CEO (chairman); Mr. Pekka Kunnari, CFO; Mr. Kari Jokela, CLO; Ms. Karoliina Fyrstén, Director, Corporate Communications and Marketing; Mr. Sammy Loitto, Senior Vice President, Sales; and heads of product and service areas: Mr. Jari Sankala, Senior Vice President, Defense and Security; Mr. Arto Pietilä, Senior Vice President, Medical Technologies; and Mr. Jari-Pekka Innanen, Vice President, Engineering.

On September 5, 2019 Mr. Tommi Kangas (48) was appointed as Senior Vice President, Connectivity Solutions product and services area at Bittium Corporation and as a member of the Bittium Corporation´s Management Group, effective immediately. Previously at Bittium, he has been responsible for Connectivity Solutions product and services area´s significant key customers as well as worked in several management positions in telecom business and sales. Mr. Kangas reports to Mr. Hannu Huttunen, CEO of Bittium Corporation. As of September 5, 2019 Bittium management group consists of following persons: Mr. Hannu Huttunen, CEO (chairman); Mr. Pekka Kunnari, CFO; Mr. Kari Jokela, CLO; Ms. Karoliina Fyrstén, Director, Corporate Communications and Marketing, Mr. Sammy Loitto, Senior Vice President Sales, and heads of product and service areas: Mr. Jari Sankala, Senior Vice President, Defense and Security; Connectivity Solutions; Mr. Arto Pietilä, Senior Vice President, Medical Technologies; and Mr. Tommi Kangas, Senior Vice President, Connectivity Solutions, and Mr. Jari-Pekka Innanen, Vice President, Engineering.