Networking specialist BATM Advanced Communications Limited (LON:BVC) has been awarded a contract in Australia to provide a managed network traffic management solution.
The contract has been placed by a major provider of high-speed network and information & communications technology services to education and research facilities in Australia.
BATM said the contract is expected to be worth between US$1.5mln and US$2mln over a three-year period. An option exists to extend the contract to five years with the potential for additional orders of at least the same size.
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"We are delighted to have been awarded this contract, which reflects our ability to offer a high-quality solution that is flexible and can adjust to the network needs of the customer. They are renowned architects, builders and operators of world-class network infrastructure for research and education so we are honoured that they have chosen our solutions, and we look forward to a long-term partnership,” said Dr Zvi Marom, chief executive officer of BATM.
“We believe that the decision of this reputable customer to choose our solution following their POC [proof of concept] will encourage other customers that are currently going through a similar process," he added.
Shares in BATM opened 0.1p lower at 15.02p.