Economic influence at Bittium means implementing business ideas to achieve long-term financial success that enables the group to operate responsibly as part of the national economy and society.
For Bittium, financial responsibility means creating added value for its interest groups, managing finances and resources efficiently and ensuring long-term growth and financial stability.
Bittium aims to maintain its profitability and competitiveness in order to remain prosperous also in the long term. If a company has financial problems, these are typically reflected on its ability to manage its social and environmental responsibilities.
Economic Impact
Bittium is an international enterprise that operates in Europe, the Americas and Asia. However, Bittiumīs economic impacts are mainly local. For example, Bittium is one of the largest employers and economic operators in the Oulu region.
Profitable operations benefit shareholders, employees, partners, subcontractors, retailers, customers, municipalities and states. The aim of Bittiumīs long-term, consistent strategy is to produce added value to our interest groups also in the future.
R&D Investments
Bittium operates in a sector that creates products and services for the future through continuous development, innovations and cross-sector co-operation. Bittium is strongly involved in the development of new technologies. Active cooperation between academic research and Bittiumīs business builds our understanding of important scientific breakthroughs and promotes the digitalization of society.
Bittium participates in international R&D co-operation, for example, in the European Q-Rapids project, where it develops the management of non-functional quality requirements. The project is part of the large-scale European innovation and funding programme Horizon 2020 (H2020). Every year, Bittium participates in several projects as a member of the EIT, European Institute of Innovation and Technology. In 2017, Bittium participated in projects such as ACTIVE and Rapid Deployable Networks (RDN).
Bittiumīs projects also include several national co-operation and research projects, such as research projects by Business Finland and various consortiums. Examples of Bittiumīs projects in 2017 include the Cyber Security programme of DIMECC (Digital, Internet, Materials & Engineering Co-Creation), where it served as the leader, and the DIMECC N4S (Need for Speed) programme. The results of N4S were also presented at international conferences, such as ProFes (Product Focused Software Process Improvement). These projects involved extensive co-operation with hundreds of researchers.
R&D investments grew strongly in 2017 and accounted for 29.1 percent of net sales. The R&D investments were mainly focused on extending the tactical communication product portfolio targeted to defense industry and on the development of different terminal products and their related software targeted for Mobile Security and Public Safety markets. In 2017, Bittium launched the development of new SDR based radios, Bittium Tough SDR product family that consists of two tactical radio products: Bittium Tough SDR Handheld and Bittium Tough SDR Vehicular.
Bittium continued to develop its secure Bittium Tough Mobile in 2017, focusing on its next-generation research and product development. It also continued its investments in the further development of health technology products.
