BATM Advanced Communications Ld European government cyber security contract (7510T)

TIDMBVC

RNS Number : 7510T

BATM Advanced Communications Ld

17 October 2017

BATM Advanced Communications Limited

("BATM" or "the Group")

BATM awarded cyber security contract by a European government

Chosen as leading supplier to provide cyber monitoring and detection under proof-of-concept programme for a new government customer

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 Celare subsidiary, a cyber security business within the Group's Networking & Cyber division, has been awarded a proof-of-concept ("POC") contract to be the main supplier of cyber monitoring and detection systems for a European country. Celare will commence the POC contract immediately and receive approximately US$350,000 upon completion, which is scheduled to be by the end of Q1 2018.

The POC has been granted by the defence agency of a European government. Celare will demonstrate its T-Sense solution for comprehensive security monitoring to detect and investigate suspicious network activity and threats. It will support complete security coverage and will deliver a combination of advanced software and hardware to collect, analyse and visualise network incidents. T-Sense provides a 24/7 network monitoring platform and facilitates advanced detection of cyber threats and attacks, thereby providing a sophisticated network security shield.

BATM believes that like other similar contracts won recently, following the successful completion of the POC phase, the customer will be in a position to award the Group a substantial contract for the delivery of its cyber security solutions.

Dr Zvi Marom, Chief Executive Officer of BATM, said: "We are delighted to be chosen by another government to install our cyber system as a cornerstone in their planning. We believe that cyber solutions will be an essential element in every country and in all corporates for years to come, and we are gearing up to be a significant player in this market."

Enquiries:

 
 BATM Advanced Communications 
-------------------------------  ----------------- 
 Dr Zvi Marom, Chief Executive 
  Officer                         +972 9866 2525 
-------------------------------  ----------------- 
 Moti Nagar, Chief Financial 
  Officer 
-------------------------------  ----------------- 
 
 Shore Capital 
-------------------------------  ----------------- 
 Mark Percy, Anita Ghanekar       +44 20 7408 4050 
-------------------------------  ----------------- 
 
 Luther Pendragon 
-------------------------------  ----------------- 
 Harry Chathli, Claire Norbury    +44 20 7618 9100 
-------------------------------  -----------------

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTUNOKRBUARAAA

(END) Dow Jones Newswires

October 17, 2017 02:00 ET (06:00 GMT)

Batm Advanced Communicat... (LSE:BVC)
Historical Stock Chart
From Apr 2024 to May 2024