REG - BATM Advanced Comm - BATM receives $26m cyber security order

Batm Advanced CommunicationsAnnouncement

09/01/2023 07:00

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RNS Number : 0153M  BATM Advanced Communications Ld  09 January 2023

LEI: 213800FLQUB9J289RU66

9 January 2023

 

BATM Advanced Communications Limited

("BATM" or "the Group")

 

BATM receives $26m cyber security order

 

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 substantial government cyber security order, with a value of $26m.
The order is to be delivered within a maximum period of five years and will
commence in the current year.

 

The order is from the Group's long-standing government defence department
customer and is for the supply of the Group's high speed network cyber
platform that integrates advanced equipment and software. It enables the
deployment of secure networking in mission critical and national scale
networks, to prevent cyber-attacks and the leak of confidential data.

 

Moti Nagar, Chief Executive Officer of BATM, said:

 

"This substantial order from our long-standing cyber security government
customer demonstrates the underlying quality of, and demand for, our cyber
solutions. This order is for our latest equipment that offers industry-leading
advanced protection, reflecting the continued expansion and commercialisation
of our wide IP portfolio. It also supports our visibility over revenue for
this year and beyond. As governments and companies face increasingly pervasive
cyber security threats from a broad range of actors, we expect to continue to
receive more orders for our cyber products and demand to remain strong as we
progress through 2023 and beyond."

 

 

Enquiries:

 

 BATM Advanced Communications
 Moti Nagar, Chief Executive Officer                            +972 9866 2525

 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, 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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