BATM Advanced Communications Ld Launch of mobile agri-waste treatment solution (6790Y)
07 March 2017 - 6:01PM
UK Regulatory
TIDMBVC
RNS Number : 6790Y
BATM Advanced Communications Ld
07 March 2017
7 March 2017
BATM Advanced Communications Limited
("BATM" or "the Group")
BATM launches World's first Mobile Agri-Waste Solution and Wins
$2.5m Contract
BATM Advanced Communications Limited (LSE: BVC), a leading
provider of real-time technologies for networking solutions and
medical laboratory systems, is pleased to announce that its
Pathogenic Waste Treatment and Sterilisation unit has launched the
world's first mobile agri-waste treatment solution and has been
awarded a contract worth $2.5m. BATM has received an advance
payment of $1m with delivery of the product expected to commence
during H2 2017 and due to complete in Q1 2018.
The contract is for the delivery of a mobile unit giving the
customer the ability to deploy the solution for the safe disposal
of mass poultry affected by disease and illness. Poultry affected
by disease and illness cannot be transported from their location
and are disposed of on-site either via burning or burial. The
treatment process is completely eco-friendly with no hazardous
materials or chemicals used and creates no odour.
This order follows the successful installation and operation
over the last several months of an agri-waste treatment solution at
a major rendering site. BATM received two significant orders for
stationary units, one for treating poultry and another contract to
treat bovine remains. Both contracts are advancing well with full
commercial deployment of the first one expected in H1 2017.
BATM's agri-waste treatment solutions utilise the Group's
proprietary medical sterilisation solution ("ISS") in the rendering
process, allowing the safe treatment of animal remains to generate
valuable protein and fat. These proteins and fats can be used for
animal or fish food and provide an additional source of revenue for
the Group's customers.
Dr. Zvi Marom, CEO of BATM, said: "We are very pleased to have
received this significant order for our mobile agri-waste treatment
solution from such a major customer. Our agri-waste solution is
unique and, in addition to its cost advantages and savings,
provides a perfect ecological solution. We believe that making our
solution mobile presents our customers with a new, efficient and
eco-friendly way of dealing with animal diseases.
"Our ISS technology has become the leading biologic and
pathogenic waste solution in the medical market and is now deployed
by more than 400 hospitals. As demonstrated by our agri-waste
solutions, we are finding new applications for this technology on a
much larger scale in both the biopharma and agricultural fields.
Our ISS solution recently received a patent in the US and we expect
our agri-waste solution to do the same in due course.
"BATM management expects to receive more orders based on the ISS
technology this year."
Enquiries:
BATM Advanced Communications
--------------------------------- -----------------
Dr Zvi Marom, Chief Executive
Officer +972 9866 2525
--------------------------------- -----------------
Moti Nagar, Chief Financial
Officer
--------------------------------- -----------------
finnCap
--------------------------------- -----------------
Stuart Andrews, Scott Mathieson +44 20 7220 0500
--------------------------------- -----------------
Shore Capital
--------------------------------- -----------------
Mark Percy, Anita Ghanekar +44 20 7408 4050
--------------------------------- -----------------
Luther Pendragon
--------------------------------- -----------------
Harry Chathli, Claire Norbury +44 20 7618 9100
--------------------------------- -----------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLFFELVFIRIID
(END) Dow Jones Newswires
March 07, 2017 02:01 ET (07:01 GMT)
Batm Advanced Communicat... (LSE:BVC)
Historical Stock Chart
From Apr 2024 to May 2024
Batm Advanced Communicat... (LSE:BVC)
Historical Stock Chart
From May 2023 to May 2024