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Vaisala Oyj: Vaisala signs EUR 20 million contract

Vaisala Corporation

Stock Exchange Release
February 2, 2016 at 4:10 p.m.

Vaisala signs EUR 20 million contract

Vaisala has signed a EUR 20 million contract with National
Hydro-Meteorological Service of Vietnam. The contract, that has been prepared
over the past four years together with National Hydro-Meteorological Service,
will come in force when the customer has given final approval for the
technical design. Vaisala will report the contract in the order book after
this approval. The deliveries will start after the contract has entered into
force, and are scheduled to be completed within two years. The funding of the
contract is arranged through the Finnish Concessional Credit instrument
provided to National Hydro-Meteorological Service of Vietnam. This instrument
is part of Finland's development cooperation portfolio, governed by the
Ministry for Foreign Affairs of Finland.

In this project Vaisala will establish a high quality nation-wide
meteorological infrastructure in Vietnam. The contract includes weather radar
and lightning detection networks, software toolkit for weather forecasting
supplied by the Finnish Meteorological Institute as well as training and
spare parts. The weather radar network consists of five green-field dual
polarization Doppler weather radars, a central site and upgrades to three
existing weather radars.

"National Hydro-Meteorological Service of Vietnam is Vaisala's long-term
customer. We have earlier delivered several weather systems to Vietnam, but
this contract is more comprehensive and complex. Vietnam faces weather
related challenges every year; typhoons, storms, floods and severe lightning.
After establishing the meteorological infrastructure Vietnamese National
Hydro-Meteorological Service will be able to serve the whole nation with high
quality meteorological data and weather forecasts. This is Vaisala's largest
contract. Finnish Concessional Credit to the buyer has enabled our Vietnamese
customer to start this major meteorological infrastructure project", tells
Kjell Forsén, Vaisala's President and CEO.

The contract will not have an impact on Vaisala's net sales and operating
result (EBIT) for the financial year 2015. Vaisala will publish 2015
financial statements on February 10, 2016.

Further information

Kjell Forsén, President and CEO
Tel. +358 9 8949 2202


NASDAQ Helsinki
Key media

Vaisala is a global leader in environmental and industrial measurement.
Building on 80 years of experience, Vaisala contributes to a better quality
of life by providing a comprehensive range of innovative observation and
measurement products and services for chosen weather-related and industrial
markets. Headquartered in Finland, Vaisala employs approximately 1,600
professionals worldwide and is listed on the NASDAQ OMX Helsinki stock

Vaisala signs EUR 20 million contract


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Vaisala Oyj via Globenewswire


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