REG - BATM Advanced Comm - BATM receives $2.3m cyber security orders

Batm Advanced CommunicationsAnnouncement

26/03/2024 07:00

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RNS Number : 2368I  BATM Advanced Communications Ld  26 March 2024

LEI: 213800FLQUB9J289RU66

26 March 2024

 

BATM Advanced Communications Limited

("BATM" or "the Group")

 

BATM receives $2.3m cyber security orders for its solution and development of
quantum key distribution integration

 

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 received additional cyber security orders with a total value of
$2.3m, with delivery to commence immediately.

 

These orders are for the provision of the Group's advanced hardware and
software-based cyber solution, as well as for developing a next-generation
encryption solution including the integration of quantum key distribution, to
its long-standing government defence department customer. Over the last 15
months, the Group's Cyber division has received orders totalling to $35m.

 

Moti Nagar, Chief Executive Officer of BATM, said: "We are pleased that the
strong momentum experienced last year in our cyber business has continued into
2024. We are also excited about the progress that we are making in integrating
quantum key distribution into our platforms, which reflects the ability of our
highly skilled and experienced team in addressing the technological demands of
the next computing era. As we continue to deliver our significant backlog of
existing orders as well as receive new orders for our best-in-class cyber
solution, we remain very confident in the prospects for this business."

 

 

Enquiries

 

 BATM Advanced Communications
 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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