BATM Advanced Communications Ltd (LON:BVC)

BATM Advanced Communications Ltd (LON:BVC)


Share Price
46.00 p
Change
0.15 (0.33 %)
Market Cap
£185.77 m
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BATM Advanced Communications Ltd RNS Release

First International Agri-Waste Treatment Contract


RNS Number : 8095R
BATM Advanced Communications Ld
05 March 2019
 

LEI: 213800FLQUB9J289RU66

 

5 March 2019

 

BATM Advanced Communications Limited

("BATM" or "the Group")

 

BATM signs first international customer for agri-waste treatment solution

New $1.5m contract with a company of a major food manufacturing group in the Philippines

                                                                                                                                     

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 a contract by a company that is part of a major food manufacturing group in the Philippines for the Group's agri-waste treatment solution - representing the Group's first customer for this solution outside of Israel. The contract is worth approximately $1.5m (€1.33m), with 40% paid on signing. It is expected to be delivered in 2019.

 

The contract is for the supply and installation of a unit of the Group's agri-waste treatment solution at a poultry processing facility. Under the terms of the contract, the Group's proprietary solution, which is based on its Integrated Sterilizer and Shredder technology ("ISS"), will be used in the rendering process, allowing the safe treatment of poultry remains to generate valuable proteins. The advantage of using BATM's solution is that the treatment of the poultry remains is carried out onsite without the use of any hazardous materials, chemicals or methods and without producing any environmental hazards or damage, including odour.

 

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

 

"Since the launch of our agri-waste treatment offering, we have received increasing interest from an international clientele who see that it provides a solution to a clear ecological problem.

 

"We are pleased to be partnering with this major food manufacturer in the provision of our solution and look forward to signing more contracts with other companies in the group during the 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

+44 20 7408 4050 



Luther Pendragon


Harry Chathli, Claire Norbury

+44 20 7618 9100

 

 


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