Global OEM Agreement

RNS Number : 8370Q

BATM Advanced Communications Ld

26 October 2011

 



 26 October 2011

BATM Advanced Communications Limited

Global OEM Agreement

BATM Advanced Communications Limited ("BATM" or the "Company") (LSE: BVC), a leading designer and producer of telecom systems and medical laboratory diagnostic systems, is pleased to announce that it has signed a global OEM agreement with the world's largest tier 1 telecoms vendor.

The agreement enables this leading vendor to sell BATM's Carrier Ethernet access products through its many locations around the world. Under the terms, BATM, who were recently awarded the 'Best Carrier Ethernet Demarcation Product EMEA' at the Carrier Ethernet World Congress, will be responsible for training the vendor's sales teams, with BATM expected to generate revenues from the end of the second quarter of 2012 onwards.

Dr Zvi Marom, Chief Executive of BATM, commented:

"We are delighted to have signed this agreement with the leading tier 1 telecoms vendor in the world. In our final results statement in March I stated that we were building the necessary channels to replace the revenues recorded with Nokia Siemens Networks. This is clearly a significant step, among others, in that strategy. Our award winning products continue to offer the best Carrier Ethernet solutions in the market and we look forward to working alongside this major global partner."

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Enquiries

BATM Advanced Communications                 [phone]                 

Dr Zvi Marom, Chief Executive

Ofer Bar-Ner, CFO

Threadneedle Communications                         020 7653 9850

Josh Royston / Graham Herring

finnCap                                                            020 7220 0500

Marc Young / Brian Patient

Shore Capital                                                  020 7408 4090 

Pascal Keane

 

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