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RNS - Inside Information: Bittium Corporation's Subsidiary Bittium Wireless Ltd. and Indra Group to Sign a Letter of Intent for Strategic Cooperation on Tactical Radio Communications Solution

Company: Bittium Oyj Date: 2025-07-18 Language: English Register to download

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 Inside Information: Bittium Corporation's Subsidiary Bittium Wireless Ltd. and Indra Group to Sign a Letter of Intent for Strategic Cooperation on Tactical Radio Communications Solution

# Inside Information: Bittium Corporation's Subsidiary Bittium Wireless Ltd. and Indra Group to Sign a Letter of Intent for Strategic Cooperation on Tactical Radio Communications Solution

Bittium Corporation
Inside Information

Inside Information: Bittium Corporation's Subsidiary Bittium Wireless Ltd. and
Indra Group to Sign a Letter of Intent for Strategic Cooperation on Tactical
Radio Communications Solution

Bittium Corporation, Stock Exchange Release, 18 July 2025, at 12.45 pm (CEST+1)

Bittium Corporation's subsidiary Bittium Wireless Ltd and Indra Group have today
signed a Letter of Intent to establish strategic cooperation in the development
of Software Defined Radio (SDR) solution - a key technology in defense
modernization - at the Ministry of Defense in Madrid, Spain. The intent of the
cooperation is to explore a technology transfer from Bittium regarding Software
Defined Radios for tactical communications, with Indra contributing its
extensive experience in the field of Software Defined Radio and waveforms and
performing the necessary evolution for the implementation in Spain of the
required technological and industrial capabilities to develop a European fully
proprietary solution thus meeting Spanish and Allied Armed Forces requirements.

Bittium has long experience in tactical communication solutions, including
modern, high performance tactical IP network system and next generation Software
Defined Radios supplied in various countries, such as Finland, Estonia, Croatia,
and Austria. Indra Group develops and produces radios for critical and military
communications and has supplied its solutions to various countries, including US
and Canada.

“We are excited to provide our technology to Indra as a critical asset for the
use for the military programs in jointly agreed market areas. Bittium will
continue to be a global supplier of tactical communications and SDR radios in
the future. With over 40 years of experience, Bittium has been positioned as a
forerunner in advanced next generation tactical communication solutions and
Software Defined Radios for the modernization of military tactical
communications. Together with Indra, we are stronger to meet the requirements in
the agreed market areas”, says Petri Toljamo, CEO of Bittium Corporation.

"With this agreement, we want to take another step forward in Indra's extensive
track record in developing proprietary technologies and experience over the past
15 years in the field of SDR technology and waveforms, which has positioned us
as a national leader in this area," said Ángel Escribano, president of Indra
Group.

Both Indra Group, in coordination with Spanish authorities, and Bittium are
among the founding members of the a4ESSOR joint venture, which brings together
the most advanced companies in Europe working on the development of waveforms
specifically designed to enable armed forces to interoperate more securely and
efficiently. Two years ago, NATO adopted one of the high-speed data waveforms
developed by this joint venture and approved its use for tactical communications
on radio platforms.

Bittium announced earlier on 11 July 2025 that the Spanish Ministry of Defense
plans to launch a project to acquire new national software-based tactical
radios. Bittium and Indra will work together to provide Bittium's technology to
the jointly agreed market areas. The negotiations are still in the early stages,
and it is too early to estimate the size of the financial potential of this
cooperation to Bittium, nor to estimate the size of the potential deals.

Oulu, Finland,
18 July 2025

Bittium Corporation
Petri Toljamo
CEO


Further Information:

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

Distribution

NASDAQ Helsinki
Main media

Bittium

As a trusted supplier in the Defense & Security market with 40 years of
experience in advanced radio communication technologies, we provide next
-generation resilient and mobile tactical communications systems for defense
forces and secure communication solutions for governments and authorities. Our
products and systems for tactical communications bring broadband data and voice
seamlessly to all troops across the battlefield. The offering is completed by
mobile devices and cyber security solutions certified up to CONFIDENTIAL and
NATO Restricted levels. In addition to the products and systems supplied to the
Defense & Security market, Bittium offers solutions focused on measuring and
processing of biosignals as well as R&D services and wireless embedded
solutions. Bittium's net sales in 2024 were EUR 85.2 million and operating
profit EUR 8.6 million. Bittium is listed on Nasdaq Helsinki. www.bittium.com

About Indra Group

Indra Group (www.indracompany.com) is a holding company that fosters
technological progress. It is made up of Indra, one of the leading global
defence, air traffic and space companies, and Minsait, a leader of the digital
transformation and information technologies in Spain and Latin America. Indra
Group paves the way to a safer and better-connected future through innovative
solutions, trusted relationships and the very best talent. Sustainability is an
integral part of its strategy and culture in order to overcome current and
future social and environmental challenges. In the 2024 financial year, Indra
Group posted revenues totaling €4.843 billion and had a local presence in 49
countries and business operations in over 140 countries.