REG - BATM Advanced Comm - Order for ultra-high speed encryption development

Batm Advanced CommunicationsAnnouncement

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RNS Number : 1642I  BATM Advanced Communications Ld  12 May 2025

LEI: 213800FLQUB9J289RU66

12 May 2025

 

BATM Advanced Communications Limited

("BATM" or "the Group")

 

BATM receives new order for the development of a next-generation ultra-high
speed encryption platform

 

BATM (LSE: BVC; TASE: BVC), a global provider of advanced network
infrastructure, cybersecurity and diagnostic technologies, is pleased to
announce that it has received a further order from its long-standing customer
for the development of a next-generation encryption solution that will be
capable of supporting network speeds well beyond what is currently available
in the market.

 

This order, which amounts to $1.5m, is to extend the work that the Group
commenced last year to develop an encryption solution with advanced
capabilities. It is designed to address the risks posed by quantum computing,
which includes functionality related to next-generation ultra-high speed
encryption and post-quantum cryptography. The Group expects to receive
additional orders from the customer for this development work. The Group also
intends to apply similar functionality to its encryption solution for the
commercial markets, which will be a key differentiator for BATM's platform.

 

Moti Nagar, Chief Executive Officer of BATM, said: "Our best-in-class
encryption platform, which is quantum-era-ready, has significant computer
processing power, but in an ever-evolving technology landscape, we need to
constantly innovate. With the support of our customer, we are developing a
next-generation, ultra-high speed network encryption solution - one that will
be capable of supporting network  speeds well beyond what is currently
available in the market. This capability will significantly differentiate our
platform for both government and commercial markets and provide us with a key
competitive advantage that we believe will drive strong demand. We look
forward to launching this capability, which we expect will make an important
contribution to our growth in these markets."

 

 

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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