REG - BATM Advanced Comm - BATM awarded new Edgility contract from Cemex

Batm Advanced CommunicationsAnnouncement

08/04/2024 07:00

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RNS Number : 5885J  BATM Advanced Communications Ld  08 April 2024

LEI: 213800FLQUB9J289RU66

8 April 2024

 

BATM Advanced Communications Limited

 ("BATM" or the "Group")

 

BATM awarded new Edgility contract from Cemex

New contract extends licence agreement by two years and expands service
provision

 

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 been awarded a further contract from Cemex, S.A.B. de C.V. (NYSE:
CX), a leading global building materials company, for the Group's Edgility
edge computing and virtual networking solution. This follows the successful
rollout of Edgility to Cemex sites across Europe and Central and South
America, with more than 1,200 end points already deployed.

 

The contract extends and expands the original agreement that was entered into
in 2021, when Edgility was selected as the virtualised operating and
management system for Cemex´s new communications network. The deployment of
Edgility to Cemex's thousands of locations worldwide is on track to complete
during the current year. This latest contract extends the original five-year
licence agreement by a further two years and includes additional service
provision to support the deployment.

 

Moti Nagar, Chief Executive Officer of BATM, said: "We are delighted to have
received this new Edgility contract from CEMEX, with whom we have a strong and
productive relationship. It is a fantastic endorsement of our solution and
demonstrates its value to them, and we are excited to continue to work closely
with them. This licence extension also highlights the recurring and high-gross
margin nature of Edgility revenue. As we progress our existing rollouts as
well as undergo multiple proof-of-concepts worldwide, we look forward to
continuing to expand this high quality revenue base."

 

Fernando García-Villaraco Casero, Processes & IT of Cemex, commented: "We
are excited to continue and expand our valuable partnership with BATM.
Following the successful initial deployment and as part of our long term plan,
we have chosen to extend the use of Edgility as our company-wide edge compute
platform. This will connect thousands of Cemex locations around the world,
enabling seamless managed connections, improved network performance, and
ultimately reduced costs, lower energy consumption, and a simplified
management system for our operations. Edgility will also enable us to expand
our operations to advanced Edge functionality including AI applications,
leveraging the same platform for both networking and compute."

 

 

Enquiries

 

 BATM
 Moti Nagar, Chief Executive Officer                            +972 9866 2525
 Ran Noy, Chief Financial Officer

 Shore Capital
 Mark Percy, Anita Ghanekar, James Thomas (Corporate Advisory)  +44 20 7408 4050

 Gracechurch Group
 Harry Chathli, Claire Norbury                                  +44 20 4582 3500

 

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, due to the risk
factors that are detailed in the Group's Annual Report, 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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