REG - BATM Advanced Comm - BATM receives $3.5m cyber security contract

Batm Advanced CommunicationsAnnouncement

10/11/2021 07:00

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RNS Number : 8640R  BATM Advanced Communications Ld  10 November 2021

LEI: 213800FLQUB9J289RU66

10 November 2021

 

BATM Advanced Communications Limited

("BATM" or "the Group")

 

BATM receives $3.5m 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
been awarded a cyber security contract worth $3.5m and expects to receive the
full value in 2022.

 

The contract is with the Group's long-standing government defence department
customer. The Group will provide hardware and software as part of its network
cyber security solution.

 

Dr Zvi Marom, CEO of BATM, said:

 

"We are delighted to have received a further order for this cyber solution
from our long-standing defence department customer as the momentum in this
part of the business continues. In the last five months, we've been awarded
over $17m in cyber contracts as governments resume investment in cyber
solutions following the temporary diversion of resources during the pandemic.
We believe we have a unique best-in-class solution, but at the same time we
continue to innovate to expand the applications of our cyber products. We
remain very excited for the prospects of our cyber business and expect further
orders in the near future."

 

 

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)  +44 20 7408 4050

 Henry Willcocks (Corporate Broking)

 Luther Pendragon
 Harry Chathli, Claire Norbury                                  +44 20 7618 9100

 

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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