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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“We delivered substantial financial growth, which was driven by our Bio-Medical division that was able to respond rapidly to the outbreak of the pandemic,” chief executive Dr Zvi Marom highlighted
Orders for diagnostics testing kits, reagents and instruments are driving the improvement
Archive
A look at some of the major movers in London on Tuesday
The move means the product, which allows network functions to be run in software rather than multiple pieces of physical hardware, will now be available on platforms including Amazon Web Services and Microsoft Azure
The putative buyer is Aztek Technologies, an Israeli cloud services specialist that is part of SKY Fund, a private equity group
The firm said it continually tests its kits against any mutations of the virus perceived to be clinically material to ensure they are accurately able to detect all known variants of COVID-19
Ador is developing a new technology that will allow its NATlab molecular diagnostics solution to increase the speed of its test results
An insect protein powder is produced that can be used as a substitute for fishmeal and oils
The customer intends to use BATM's machinery to produce insect protein powder that can be used as a substitute for fishmeal and oils used in aquaculture feed.
“We believe that we will receive further sizeable orders from our existing customers as well as continue to gain new customers for these products," said chief executive, Dr Zvi Marom
Years ago, the firm set its strategy on infectious diseases and fast communications with extensive bandwidth which is now proving beneficial
A glance at some of the day's highlights from the Proactive Investors newswire on Thursday
"This is extremely significant for BATM as our first tier 1 customer for our NFVTime solution," said Zvi Marom, the chief executive officer of BATM.
Increasing revenues from Covid-19 tests in diagnostics will be another feature in thesecond half of 2020
The medical laboratory and networking solutions provider also said its "strong cash position" meant it is planning to reinstate its dividend for the full year 2020
The company said the new solution will allow network operators to benefit from a high-performing network with lower energy consumption, operating costs and emissions
The three new kits are expected to go on sale at the end of the third quarter of 2020
The broker said the company had made “sustained investment” in its technology in recent years and that the fruits of this were “now being seen in the group’s success”
Archive
A round-up of some of the highlights from the Proactive newswire on Thursday
BATM now expects to report a substantial increase in full-year revenues, at least 25% higher than in 2019 and materially higher than market expectations.
