REG - BATM Advanced Comm - Multi-year contract with CityFibre for Edgility

Batm Advanced CommunicationsAnnouncement

18/10/2022 07:00

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RNS Number : 1759D  BATM Advanced Communications Ld  18 October 2022

LEI: 213800FLQUB9J289RU66

18 October 2022

 

BATM Advanced Communications Limited

("BATM" or "the Group")

 

BATM signs multi-year contract with CityFibre for Edgility

The UK's largest independent carrier-neutral Full Fibre platform commercially
adopts the Group's virtual network and edge compute solution following
successful pilot

 

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 multi-year contract with CityFibre, the UK's largest
independent carrier-neutral Full Fibre platform, to begin the deployment of
its Edgility virtual networking and edge compute solution, with this initial
order expected to be worth $3.5 million. BATM expects this order to be rapidly
followed by a substantial expansion in deployments as CityFibre rolls out
Edgility to its full network.

 

As announced on 11 July 2022, CityFibre is piloting Edgility to test
onboarding and in-life journeys for CityFibre's partners. Based on significant
progress in the pilot phase, CityFibre is now proceeding to a scaled national
roll-out, which will be implemented alongside the piloting project that
continues to gather insight to support the national roll-out.

 

CityFibre is replacing its hardware-based customer premise routing equipment
with a virtualised solution based on small-footprint white-box appliances (a
multi-purpose device) operated by Edgility. For the initial order, as
CityFibre begins the process, BATM will receive recurring licence fees for a
five-year period plus certain hardware sales estimated to be worth a total of
$3.5 million. The Group expects the number of end point deployments to be
rapidly expanded to tens of thousands per year and believes the financial
value of this partnership to the Group will grow substantially in the
near-term as the volume of licences increases.

 

CityFibre builds and operates high quality Full Fibre digital infrastructure
that enables wholesale customers to provide broadband, ethernet and 5G
services. It serves over 1,500 business and consumer service provider
partners. CityFibre recently completed one of Europe's largest ever Full Fibre
financings with a £4.9 billion debt raise for a programme to bring Full Fibre
infrastructure to up to 8 million premises, covering a third of the UK market,
spanning 285 cities, towns and locations by 2025. Network construction is
currently underway in over 60 cities with services live in more than 45
locations.

 

Dr. Zvi Marom, CEO of BATM, said: "When it comes to upgrading their networks,
organisations are increasingly shifting from hardware-based to software-based
solutions to enjoy the significant gains in efficiency as well as reducing
their environmental impact. The commercial adoption of Edgility by CityFibre
is a great validation of our technology, which we expect will lead to further
orders from other businesses. This contract also has significant revenue
potential with the prospect of expanding to cover CityFibre's entire
infrastructure. We are very excited to be supporting them on their journey as
they continue to rollout their full fibre network across the UK and look
forward to working together to innovate service provision."

 

David Tomalin, Group CTO of CityFibre, added: "To support our digital
transformation initiative, we selected BATM as a trusted customer edge compute
partner that combines a strong innovation culture with a proven track record
of virtualised edge device management at scale. Based on the strength of
engagement, testing and market feedback from our Partner channel, we look
forward to the innovation journey and improved customer experience powered by
a virtualised customer edge compute platform."

 

 

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

 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, 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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