REG - BATM Advanced Comm - BATM receives orders of $2.4m for Edgility

Batm Advanced CommunicationsAnnouncement

02/12/2024 07:00

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RNS Number : 2972O  BATM Advanced Communications Ld  02 December 2024

LEI: 213800FLQUB9J289RU66

2 December 2024

 

BATM Advanced Communications Limited

("BATM" or "the Group")

 

BATM receives orders of $2.4m for Edgility

Delivery of the Group's virtualisation and edge compute platform to commence
to a Tier 1 Communications Service Provider

 

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 orders under an existing framework agreement to provide a
Tier 1 Communications Service Provider (the "Customer") with its Edgility edge
virtualisation platform and accompanying hardware. The orders are worth a
minimum of $2.4m over a three-year period.

 

The Customer will deploy Edgility to fully virtualise, orchestrate and manage
at scale its enterprise connectivity services provided to enterprise and
small- to medium-sized businesses. The Group's platform will be replacing
traditional appliance suppliers to enable the Customer to deploy a unified
managed network experience across all applications, including AI applications.

 

The receipt of these orders follows Edgility completing a comprehensive
certification process with the Customer, during which it met or exceeded all
the required performance, security and scalability standards. Under the
current agreement, the Group will deploy licences, along with accompanying
uCPE hardware, with a minimum licence term of three years. Management believes
there is potential for a significant year-on-year expansion and extension in
the number and duration of Edgility licences the Group supplies as the
Customer's business continues to grow.

 

Moti Nagar, Chief Executive Officer of BATM, said: "We are delighted to have
secured these orders from a Tier 1 Communications Service Provider. It is a
significant achievement, and we are proud that, following rigorous testing, we
have been chosen to replace the Customer's incumbent network suppliers, which
includes solutions provided by one of the world's largest telecom equipment
manufacturers. This is testament to the strength of our offering and reflects
increasing market recognition of its considerable advantages as well as
growing Western concerns around the security risk posed by some competing
technology providers. Accordingly, we are excited about our prospects for this
activity and look forward to expanding our market share in this rapidly
growing market."

 

 

Enquiries

 

 BATM
 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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