BATM Advanced Communications Ld New Follow-On Cyber Security Contract (8565Q)
11 June 2018 - 4:00PM
UK Regulatory
TIDMBVC
RNS Number : 8565Q
BATM Advanced Communications Ld
11 June 2018
LEI: 213800FLQUB9J289RU66
11 June 2018
BATM Advanced Communications Limited
("BATM" or "the Group")
BATM Awarded New Follow-On Cyber Security Contract by a
Government Defense Department
Latest award of approx. $3m contract to provide expanded
hardware and software solution is the fifth from a government
agency
Further to the Group's announcement of 8 January 2018, 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 Networking and
Cyber division ("the Division") has been awarded another
significant contract by a government defense department (the
"Customer") to supply an enhanced cyber communication technology
solution. This contract, which is the fifth such contract awarded
to BATM by a national government, is worth approximately $3m over
the next 18 months. To date, this brings the total contracted
revenue awarded to BATM by the Customer to approximately $7m.
This new order expands the capability of the solution by adding
more features. The Group will commence delivery of the new order
immediately with completion expected during the second half of
2019. The Group anticipates receiving further follow-on orders
after the completion of this contract.
Dr Zvi Marom, Chief Executive Officer of BATM, said: "This new
contract demonstrates our capability to widen the scope of our
solutions and scale-up to provide even greater security. The
interest in our cyber technologies' abilities to detect and
investigate suspicious network activity and cyber threats continues
to increase as governments and their defense agencies seek to
prevent potential cyber attacks on their infrastructure and
important institutions, as well as to secure their communications.
There is an understanding that deploying the right cyber solution
is a necessity in today's networked environment, and we expect
further adoption of our solution by more clients as we receive
increasing vindication of the strength of our offering with
additional large-scale deployments."
Enquiries:
BATM Advanced Communications
Dr Zvi Marom, Chief Executive Officer +972 9866 2525
-----------------
Moti Nagar, Chief Financial Officer
-----------------
Shore Capital
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Mark Percy, Anita Ghanekar +44 20 7408 4050
-----------------
Luther Pendragon
-----------------
Harry Chathli, Claire Norbury +44 20 7618 9100
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The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
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END
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