REG - BATM Advanced Comm - BATM receives $3m cyber security order

Batm Advanced CommunicationsAnnouncement

30/10/2023 07:15

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RNS Number : 6200R  BATM Advanced Communications Ld  30 October 2023

LEI: 213800FLQUB9J289RU66

30 October 2023

 

BATM Advanced Communications Limited

("BATM" or the "Group")

 

BATM receives $3m cyber security order

 

BATM Advanced Communications Limited (LSE: BVC), a leading provider of
real-time technologies for networking solutions and medical laboratory
systems, announces that it has received a new cyber security order, with a
value of $3m. The Group expects to complete delivery, which commences
immediately, of most of the order within six months.

 

The order is for the provision of the Group's advanced hardware and
software-based cyber solution to its long-standing government defence
department customer. This latest significant cyber order follows the award of
$3.4m in September and a $26m order earlier in the year.

 

Moti Nagar, Chief Executive Officer of BATM, said: "We are pleased to be
awarded another significant order for our cyber security solution, which
brings the total amount of cyber orders received this year to over $32m. As we
ramp up delivery under our existing orders and continue to receive new orders
for our best-in-class cyber solution, we remain very confident in the
prospects for this business and we look forward to reporting further
progress."

 

 

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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