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$3.3m Follow-On Cyber Security Order

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RNS Number : 2928Q
BATM Advanced Communications Ld
18 February 2019
 

LEI: 213800FLQUB9J289RU66

 

18 February 2019

 

BATM Advanced Communications Limited

("BATM" or "the Group")

 

BATM Awarded $3.3m Follow-On Cyber Security Order

Rapid expansion under cyber security contract with Government defence department customer

                                                                                                                                     

Further to the Group's announcement of 4 February 2019, BATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that it has been awarded an additional follow-on contract by the same Government defence department customer. This new order has a value of $3.3m and will be delivered during 2019.

 

This order is for the delivery of additional hardware and software cyber security products. The Group is also providing the customer with cyber security services under a separate contract. Following this latest order, the total contracted revenue awarded to the Group to date by this customer for products and services for this cyber solution is over $13.3m.

 

Dr Zvi Marom, Chief Executive Officer of BATM, said:

 

"To have received this additional order from this customer so quickly after being awarded our previous contract reflects the significant opportunity that this market presents. Cyber security threats are a key concern for governments across the world and we can provide the right products and services to protect their substantial networks. The interest in our cyber solutions is increasing and, thanks to the strength of our offer, we expect to receive further orders and are very excited about the future prospects for this business."

 

 

Enquiries:

 

BATM Advanced Communications


Dr Zvi Marom, Chief Executive Officer

+972 9866 2525                 

Moti Nagar, Chief Financial Officer




Shore Capital


Mark Percy, Anita Ghanekar

+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 [email protected] or visit www.rns.com.
 
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Quick facts: BATM Advanced Communications Ltd

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