BATM receives $4.1m cyber security contract

RNS Number : 8622B
BATM Advanced Communications Ld
15 June 2021
 

LEI: 213800FLQUB9J289RU66

15 June 2021

 

BATM Advanced Communications Limited

("BATM" or "the Group")

 

BATM receives $4.1m cyber security contract

 

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that it has received a cyber security contract worth $4.1m, of which more than half will be delivered in the current year.

 

The contract has been awarded by the Group's long-standing government defence department customer. The Group will provide hardware and software as part of its network cyber security solution with delivery commencing immediately.  

 

Dr Zvi Marom, CEO of BATM, said:  

 

"We are delighted to have received this new order for our cyber solution from our long-standing government customer. The recurring contracts show the customer's satisfaction with our cyber security products and services and demonstrate the benefits that our solutions bring. We are also integrating our cyber solution into our NFV product and developing a version aimed beyond the defence industry, which we expect to release by the beginning of next year. This will enhance the appeal of our cyber solution to our NFV clients.

 

"While the world's focus has, rightly, been on the pandemic, the threats posed by cyber-attacks have increased. Now, as travelling starts to resume, we can do face-to-face meetings with clients that are vital when dealing with security information. As a result, we expect to receive further orders for our cyber solution during the course of this year."

 

 

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)

Henry Willcocks (Corporate Broking)

+44 20 7408 4050 





Luther Pendragon


Harry Chathli, Claire Norbury

+44 20 7618 9100

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
CNTUSVBRAWUNAAR
UK 100

Latest directors dealings