BATM Advanced Communications Ld First International Agri-Waste Treatment Contract (8095R)
March 05 2019 - 2:01AM
UK Regulatory
TIDMBVC
RNS Number : 8095R
BATM Advanced Communications Ld
05 March 2019
LEI: 213800FLQUB9J289RU66
5 March 2019
BATM Advanced Communications Limited
("BATM" or "the Group")
BATM signs first international customer for agri-waste treatment
solution
New $1.5m contract with a company of a major food manufacturing
group in the Philippines
BATM Advanced Communications Limited (LSE: BVC), a leading
provider of real-time technologies for networking solutions and
medical laboratory systems, announces that it has been awarded a
contract by a company that is part of a major food manufacturing
group in the Philippines for the Group's agri-waste treatment
solution - representing the Group's first customer for this
solution outside of Israel. The contract is worth approximately
$1.5m (EUR1.33m), with 40% paid on signing. It is expected to be
delivered in 2019.
The contract is for the supply and installation of a unit of the
Group's agri-waste treatment solution at a poultry processing
facility. Under the terms of the contract, the Group's proprietary
solution, which is based on its Integrated Sterilizer and Shredder
technology ("ISS"), will be used in the rendering process, allowing
the safe treatment of poultry remains to generate valuable
proteins. The advantage of using BATM's solution is that the
treatment of the poultry remains is carried out onsite without the
use of any hazardous materials, chemicals or methods and without
producing any environmental hazards or damage, including odour.
Dr Zvi Marom, Chief Executive Officer of BATM, said:
"Since the launch of our agri-waste treatment offering, we have
received increasing interest from an international clientele who
see that it provides a solution to a clear ecological problem.
"We are pleased to be partnering with this major food
manufacturer in the provision of our solution and look forward to
signing more contracts with other companies in the group during the
year."
Enquiries:
BATM Advanced Communications
Dr Zvi Marom, Chief Executive Officer +972 9866 2525
-----------------
Moti Nagar, Chief Financial Officer
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Shore Capital
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Mark Percy, Anita Ghanekar +44 20 7408 4050
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Luther Pendragon
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Harry Chathli, Claire Norbury +44 20 7618 9100
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END
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