Bittium Corporation is a Finnish company headquartered in Oulu. Bittium is an engineering company in wireless businesses. Bittium specialises in the development of secure communications and connectivity solutions. The company's customer segments include the telecommunications, Internet of Things, and defense industries. In August 2012, the court approved a conditional settlement agreement between EB and TerreStar Corporation and some of its preferred shareholders in the reorganization proceedings of TerreStar Corporation, based on which EB received 13.5 million US dollars in cash on August 28, 2012, as final compensation for its claims. The settlement does not apply to TerreStar Networks' ongoing Chapter 11 liquidation proceedings and does not include any distributions that may be received from those proceedings. On 28 January 2013 Anite plc of the U.K. announced it would acquire the Elektrobit System Test Ltd. subsidiary from Elektrobit Corporation, representing the Propsim portion of EB's business. The acquisition was effective 1 February 2013. On May 19, 2015, Elektrobit announced the sale of its automotive business segment to Continental AG for US$680 million. Wikipedia