REG - BATM Advanced Comm - BATM to deliver Edgility to new Tier 1 customer

Batm Advanced CommunicationsAnnouncement

18/04/2024 07:00

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RNS Number : 0457L  BATM Advanced Communications Ld  18 April 2024

LEI: 213800FLQUB9J289RU66

18 April 2024

 

BATM Advanced Communications Limited

("BATM" or "the Group")

 

BATM to deliver Edgility to new Tier 1 telco customer

New three-year agreement to deliver the Group's virtualisation and edge
compute platform to Totalplay in Mexico

 

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 signed a three-year agreement to provide its Edgility edge
virtualisation platform and accompanying hardware to Totalplay, a Tier 1
telecommunications company in Mexico that offers internet access, pay
television and telephony services through one of the largest 100% fibre optic
networks in Mexico.

 

Totalplay will deploy Edgility to fully virtualise, orchestrate and manage at
scale its enterprise connectivity services. BATM's platform was selected,
following a test phase, to replace Totalplay's incumbent network
virtualisation solution, primarily due to Edgility's open architecture that
provides customers with complete flexibility regarding their network hardware
and software.

 

BATM expects this agreement to contribute towards meeting its sales forecasts
for Edgility from the current year. Based on the size of Totalplay's current
operations, and as Totalplay continues to grow its network services, there is
potential for a significant expansion and extension in the number and duration
of Edgility licences the Group supplies.

 

Moti Nagar, Chief Executive Officer of BATM, said: "We are delighted to have
entered this new agreement to provide Edgility to Totalplay, a Tier 1
telecommunications company in Mexico. Our virtualisation and edge compute
solution was selected to replace that of a previous supplier to Totalplay
thanks to Edgility's truly open architecture and multi-vendor support, which
is great validation of our strategy and demonstrates the superior quality of
our solution. We are receiving strong interest in Edgility as the telecoms
industry undergoes significant transformation. This latest agreement is
testament to our progress and execution of our strategy, and is just one of
several new Edgility contracts that we expect to win in the near term."

 

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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