Buz Investors Bittium exhibits renewed Bittium Tough Mobile – Bittium exhibits its innovative products and mobile security solutions at the British APCO exhibition to be held in Telford, United Kingdom, March 21 – 22. The event is directed

Bittium Wireless Ltd, subsidiary of Bittium Corporation, and Finnish Defence Forces have signed Framework Agreement for Bittium TAC WIN products

Bittium Wireless Ltd, subsidiary of Bittium Corporation, and Finnish Defence Forces have signed Framework Agreement for Bittium TAC WIN products

  Bittium Wireless Ltd, subsidiary of Bittium Corporation, and the Finnish Defence Forces have signed a Framework

 

Bittium Wireless Ltd, subsidiary of Bittium Corporation, and Finnish Defence Forces have signed Framework Agreement for Bittium TAC WIN products

PRESS RELEASE Bittium Wireless Ltd, subsidiary of Bittium Corporation, and the Finnish Defence Forces have signed a Framework Agreement for the purchase of Bittium Tactical Wireless IP Network™ (TAC WIN) system products. The Framework Agreement covers the years 2018-2020, and if materialized in full, the total value of the agreement is EUR 30 million (excl. VAT). According to the Framework Agreement, Finnish Defence Forces will issue separate purchase orders for the products each year. The Framework Agreement has no effect on Bittium’s financial outlook for the year 2017, published on August 9, 2017 in Bittium’s Half Year Financial Report January-June 2017.

”The Framework Agreement helps us to inform equipment pricing to different military branches, collect equipment needs from different units for each year, and make respective purchase orders collectively”, says Chief of C3-sector, Major (Eng.) Jari Viuho, Finnish Defence Forces Logistics Command, Joint Systems Centre.

”The Framework Agreement is an excellent proof of the field applicability of our products, as well as a show of confidence from the Finnish Defence Forces regarding our work. We continue the good cooperation and the product deliveries with enthusiasm over the coming years”, says Mr. Hannu Huttunen, CEO of Bittium.

 



 

Bittium Wireless

The Framework Agreement is continuation to the long cooperation between the Finnish Defence Forces and Bittium. It will continue the renewal of the Finnish Defence Forces’ command, control and communications system, where the Software Defined Radio based Bittium TAC WIN system acts as the backbone for tactical data transfer. Bittium TAC WIN provides broadband IP network connections for mobile communication stations and command posts. In the reformed combat doctrine of the Finnish Defence Forces, mobility, leading the troops on the move and effective communications play a key role.

Bittium announced on July 6, 2017 that the Finnish Minister of Defence Jussi Niinistö had authorized Finnish Defence Forces to purchase Software Defined Radio based Bittium Tactical Wireless IP Network™ (TAC WIN) system products meant for tactical data transfer.

Bittium Tactical Wireless IP Network™

Bittium Tactical Wireless IP Network (TAC WIN) is a Software Defined Radio based 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. Bittium TAC WIN is compatible with existing fixed and wireless network infrastructures. The core of the system is a tactical router that enables users to freely form both wired and wireless broadband data transfer IP connections. Tactical router enables also connections to different types of terminals and other communication systems connecting them into a one communication network. In addition to the router the system comprises three types of radio heads, and each radio head covers its own frequency band area and can be used for flexible formation of optimized 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. Due to the software-based functionality of the Bittium TAC WIN system, it can be easily updated with additional performance cost-efficiently during the whole lifespan of the system.

More information on the Bittium TAC WIN system and the related products:

http://www.bittium.com/products__services/defense/bittium_tactical_wireless_ip_network.

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Waves Blockchain Platform Introduces New Framework for Community-Based Ratings Organizations

Waves Blockchain Platform Introduces New Framework for Community-Based Ratings Organizations

Waves Blockchain Platform Introduces New Framework for Community-Based Ratings Organizations

Waves Platform has announced the launch of a new token for community-based KYC/screening of new assets.

Waves Blockchain Platform Introduces New Framework for Community-Based Ratings Organizations

January 6, 2017, Moscow, Russia – The Waves platform has announced the upcoming launch of a new token as a part of its recently introduced Custom Application Token (CAT) facility on the mainnet. The new token distribution will enable Waves to foster community engagement in the next nine months.

The new token, aptly called the Waves Community Token (WCT) will be distributed after January 15, 2017. Initially, 20 percent of the WCTs will be distributed across all existing Waves wallet addresses based on their average WAVES balance between 1st and 15th January 2017. The initial distribution will be followed by 8 similar distributions in tranches of 10 percent each time. In order to be able to receive the WCTs, Waves community members should be holding their balance in Waves local wallets. Any WAVES tokens on exchange platforms are not eligible for WCT distribution.

Waves Community Token is designed to be much more than an alternative to Ethereum’s DAOs, which was compromised earlier in 2016. However, WCTs have better security, reliability and can serve a number of purposes. The DAO like feature on WCT enables members to offer community-based ratings for new projects launched on Waves platform. Asset issuers on Waves platform will also be able to distribute a proportion of their crowdfunded tokens to the WCT and Waves community in return for various services.

Waves Community Token (WCT), like any other Waves CAT assets, is freely transferable and tradable. WCT holders are eligible to receive a constant stream of asset rewards, giving the token a meaningful lifetime value. The WCT distribution timeline spread over a period of nine months also incentivises the community to keep WAVES tokens in their local wallets, away from exchanges by encouraging long-term holding.

Waves Community Tokens vs Decentralized Autonomous Organizations

Ethereum’s controversial Decentralized Autonomous Organizations (DAO) project was a limited success after a loophole in the DAO smart contract was exploited by a hacker, draining out millions of USD worth of ETH from pooled investment fund. Unlike Ethereum that focuses on smart contracts, Waves is a custom tokens platform where tokens can be easily created, transferred and traded.

The straight forward functionality offered by Waves platform makes it easier to use compared to other platforms. This will in turn influence companies seeking to launch their own crypto-tokens choose Waves over other blockchain platforms. Businesses can use Waves to create tokens that represent ownership of any number of different items of real-world value, from fiat currency and stocks to vouchers redeemable for specific goods and services. Waves will use a decentralized voting mechanism for an accurate reflection of community sentiment about new projects without putting funds at direct risk.

Learn more about Waves at – https://wavesplatform.com

U.K. and China regulators discuss framework for financial projects

U.K. and China regulators discuss framework for financial projects

U.K. and China regulators discuss framework for financial projects

U.K. and China regulators discuss framework for financial projects

financial projects British and Chinese securities watchdogs are discussing an agreement that will pave the way for landmark financial services projects between the countries, sources said, easing fears that Britain could be a less attractive partner for such deals after last month’s vote to leave the European Union.

Britain’s Financial Conduct Authority (FCA) and the China Securities Regulatory Commission (CSRC) are cooperating on a regulatory framework for a scheme for distributing fund products in each other’s jurisdiction and a proposed London-Shanghai link for trading shares, two people with direct knowledge of the matter said.

New Prime Minister Theresa May stepped in on Friday to delay a planned Chinese investment in a new British nuclear plant to review security concerns, a former colleague and a source said on Saturday.

Vince Cable, who was business secretary from 2010 to 2015, also told BBC Radio that during Cameron’s tenure May had made “quite clear she was unhappy about the rather gung-ho approach to Chinese investment”.

Even so, the formal cooperation between the FCA and CSRC signals that the financial projects at least are going ahead, with one source saying the discussions had remained “very positive”.

Some market watchers had raised concerns that leaving the EU, which puts in doubt the UK’s future access to the trading bloc and its “passports” to provide financial services there, could scupper such projects by limiting their potential scope and appeal.