BATM Advanced Communications Ld BATM receives $4.1m cyber security contract (8622B)
June 15 2021 - 2:00AM
UK Regulatory
TIDMBVC
RNS Number : 8622B
BATM Advanced Communications Ld
15 June 2021
LEI: 213800FLQUB9J289RU66
15 June 2021
BATM Advanced Communications Limited
("BATM" or "the Group")
BATM receives $4.1m cyber security contract
BATM (LSE: BVC; TASE: BVC), a leading provider of real-time
technologies for networking solutions and medical laboratory
systems, announces that it has received a cyber security contract
worth $4.1m, of which more than half will be delivered in the
current year.
The contract has been awarded by the Group's long-standing
government defence department customer. The Group will provide
hardware and software as part of its network cyber security
solution with delivery commencing immediately.
Dr Zvi Marom, CEO of BATM, said:
"We are delighted to have received this new order for our cyber
solution from our long-standing government customer. The recurring
contracts show the customer's satisfaction with our cyber security
products and services and demonstrate the benefits that our
solutions bring. We are also integrating our cyber solution into
our NFV product and developing a version aimed beyond the defence
industry, which we expect to release by the beginning of next year.
This will enhance the appeal of our cyber solution to our NFV
clients.
"While the world's focus has, rightly, been on the pandemic, the
threats posed by cyber-attacks have increased. Now, as travelling
starts to resume, we can do face-to-face meetings with clients that
are vital when dealing with security information. As a result, we
expect to receive further orders for our cyber solution during the
course of this year."
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
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