REG - BATM Advanced Comm - BATM receives $3.4m cyber security contract

Batm Advanced CommunicationsAnnouncement

06/09/2023 07:00

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RNS Number : 4843L  BATM Advanced Communications Ld  06 September 2023

LEI: 213800FLQUB9J289RU66

6 September 2023

 

BATM Advanced Communications Limited

("BATM" or "the Group")

 

BATM receives $3.4m 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 new cyber security contract, with a value of $3.4m. The contract is
for the provision of the Group's advanced software-based cyber solution to its
long-standing government defence department customer.

 

The Group will commence delivery of the contract immediately, which is
expected to complete within two years. This latest significant cyber contract
follows the award of a $26m order earlier this year, and the Group continues
to expect to receive further cyber contracts in the near term.

 

Moti Nagar, Chief Executive Officer of BATM, said: "We are very pleased to
have received another significant contract for our best-in-class cyber
security solutions, and only eight months after receiving our last substantial
order. More and more, governments and businesses require cyber security
options that are able to defend against increasingly sophisticated threats,
and our continued momentum in this area of the business underscores the
confidence in our ability to provide these solutions. We are very excited
about the future of our cyber security business, particularly as we look to
expand the applications of our cyber offerings and expect further positive
news in the near future."

 

 

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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