BATM Advanced Communications receives follow-on order for state-of-the-art waste disposal system
It takes the total value of the contract to US$3.6m with delivery set for later this year.
Company
LON:BVC
BATM Advanced Communications Ltd is a leading provider of real-time technologies for networking and cyber security solutions and for bio-medical and bio-waste treatment solutions via its two operating divisions. The company's disruptive, transformative technology is backed by strong intellectual property and patents, which is the foundation for the development of its market-leading, innovative and cost-effective solutions.
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It takes the total value of the contract to US$3.6m with delivery set for later this year.
FlowGroup has selected a preferred bidder for its microcho boiler business. Also Versarien and Bahamas Petroleum.
It will upgrade the network infrastructure to increase bandwidth capacity so the client can expand the service offering.
BATM, which operates in the telecoms and biomedical sectors, is predicted to post revenues of US$100mln, up from US$90.4mln in 2016, with EBITDA rising to US$4.1mln from US$100,000.
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On revenues of US$90.4mln the company generated underlying earnings (EBITDA) of US$2.8mln with the gross margin remaining steady at just over 31%.
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Chief executive Zvi Marom said: "We are very pleased to have received this significant order for our mobile agri-waste treatment solution from such a major customer."
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The contract, worth about €1.75mln, is for the supply and installation of a unit at one of the customer's bovine slaughterhouses.