Bittium: Continues developing ESSOR Waveforms - SEB

The alliance a4ESSOR announced that it has signed a procurement contract amendment with OCCAR for developing ESSOR Narrow Band Waveform, in addition to High Data Rate Waveform, which involved countries can utilise to interoperate. The new contract value is +EUR 211m. Bittium is one the six companies involved in development. We interpret that its share of the contract is not significant to Bittium's annual financials, but see Bittium technologically well positioned in the market.

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