BATM Advanced Communications Ld First enterprise customer for NFV with $2m order (4829L)
13 September 2021 - 4:00PM
UK Regulatory
TIDMBVC
RNS Number : 4829L
BATM Advanced Communications Ld
13 September 2021
LEI: 213800FLQUB9J289RU66
13 September 2021
BATM Advanced Communications Limited
("BATM" or "the Group")
BATM receives $2m NFV order from first enterprise customer
Global construction materials company, CEMEX, selects Edgility
OS for company-wide virtual operating system
BATM (LSE: BVC; TASE: BVC), a leading provider of real-time
technologies for networking solutions and medical laboratory
systems, is pleased to announce that it has signed a contract with
CEMEX S.A.B. de C.V. ("CEMEX") (NYSE: CX), a leading global
building materials company with annual sales of $13bn, to provide
Edgility OS, the Group's network function virtualisation ("NFV")
operating system. CEMEX is the Group's first enterprise customer
for its NFV solution. The contract is expected to be worth
approximately $2m with revenue commencing by the end of the current
year. The Edgility platform will enable efficient communication
between CEMEX facilities worldwide, connecting its thousands of
locations.
CEMEX has selected Edgility OS as the virtualised operating
system for its new communications network that connects all its
sites throughout the Americas, the Caribbean, Europe, Africa, the
Middle East and Asia. Alongside solutions from other providers,
CEMEX is upgrading its infrastructure from a wide area network
(WAN) to a software-defined wide area network (SD-WAN) based on
Edgility OS. By adopting an SD-WAN network, which uses
virtualisation technology to decouple the network from hardware,
CEMEX will experience benefits such as reduced running costs,
energy consumption and carbon footprint; simplified and more
efficient network management; optimised performance; and
scalability to grow as required.
Edgility OS, which is a product offered by the Group's Telco
Systems subsidiary, is provided under a licence model (with each
endpoint requiring a licence). The Group expects to receive revenue
of approximately $2m over a five-year period and anticipates CEMEX
utilising over 100,000 monthly licences throughout this period.
The selection of Edgility OS by CEMEX followed an extensive
proof-of-concept, during which the Group's R&D team developed
and implemented several bespoke technology features to meet the
customer's requirements. Edgility OS was also selected for its
ease-of-use - being simple to deploy, maintain and integrate with
solutions of other providers across the network.
Dr Zvi Marom, CEO of BATM, said: "We are delighted to have been
awarded this contract from CEMEX for Edgility OS, which is an
excellent endorsement from such a large corporate. CEMEX is a
company generating $13bn in sales with a vast global presence, and
we are very proud that they have chosen us to provide their
operating system as part of their network upgrade. The selection of
Edgility OS follows a lengthy proof-of-concept during which we
demonstrated the strength of our offering and our ability to
quickly develop any technology solution required to meet the
customer's demands.
"This also represents a key milestone as our first enterprise
customer for our NFV solution. As industry adoption of SD-WAN
increases with organisations upgrading their architectures to take
advantage of the technologies available today, we expect to receive
more orders for Edgility OS from enterprises and the telecoms and
network providers that service them. We believe this represents a
significant growth market for BATM, and one that is high margin in
nature, and we look forward to continuing to report on our
progress."
About CEMEX
CEMEX (NYSE: CX) is a global construction materials company that
is building a better future through sustainable products and
solutions. CEMEX is committed to achieving carbon neutrality
through relentless innovation and industry-leading research and
development. CEMEX is at the forefront of the circular economy in
the construction value chain and is pioneering ways to increase the
use of waste and residues as alternative raw materials and fuels in
its operations with the use of new technologies. CEMEX offers
cement, ready-mix concrete, aggregates, and urbanization solutions
in growing markets around the world, powered by a multinational
workforce focused on providing a superior customer experience,
enabled by digital technologies. For more information, please
visit: cemex.com.
Information regarding CEMEX reflects operations and assets as of
31 December 2020.
Enquiries:
BATM Advanced Communications
Dr Zvi Marom, Chief Executive Officer +972 9866 2525
Moti Nagar, Chief Financial Officer
Shore Capital
Mark Percy, Anita Ghanekar, James Thomas (Corporate Advisory)
Henry Willcocks (Corporate Broking) +44 20 7408 4050
Luther Pendragon
Harry Chathli, Claire Norbury +44 20 7618 9100
Forward-looking statements
This document contains forward-looking statements. Those
statements reflect the current opinions, evaluations and
estimations of the Group's management, and are based on the current
data regarding the Group's business as is detailed in this document
and in the Group's periodical, interim and immediate reports. The
Group does not undertake any obligation or make any representation
that actual results and events will be in line with those
statements, and stresses that they may differ materially from those
statements, due to changes in the Group's business, market,
competition, demand for the Group's products or services, general
economic factors or other factors that can influence the Group's
business and results, and due to information and factors that are
currently unknown to the Group's management and that, if known,
would affect the management's opinions, evaluations or estimations.
The Group will report the actual results and events according to
its legal, accounting and regulatory obligations, and does not
undertake any other obligation to report them or their deviations
from the forward-looking statements, or to update any of the
forward-looking statements in this document or to report that it is
not valid anymore.
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