logo-loader
viewBATM Advanced Communications Ltd

BATM signs first international customer for agri-waste treatment

The group said the contract with the Philippine firm was worth around US$1.5mln, with 40% paid upfront, and would be delivered in 2019

Chicken
BATM's solution would be installed in a poultry processing facility

BATM Advanced Communications Limited (LON:BVC) has won a contract with a Philippines-based company for its agri-waste treatment solution, its first customer outside of Israel.

The group, which operates both bio-medical and cyber divisions, said the contract was worth around US$1.5mln, with 40% paid upfront, and would be delivered in 2019.

WATCH: BATM clinches another follow-on cybersecurity contract from defence department customer

The deal with the Philippine firm, which is part of a major food manufacturing group, involves the installation of BATM’s agri-waste treatment solution in a poultry processing facility to allow the safe treatment of remains and generate proteins.

BATM said the advantage of its solution was that the treatment of the remains would be carried out on site without the use of hazardous chemicals and without producing environmental damage.

Dr Zvi Marom, chief executive of BATM, said that since launching the agri-waste offering the company had received “increasing interest from an international clientele” and that they looked forward to “signing more contracts with other companies in the group during the year”.

In a note to clients, analysts at the company’s broker Shore Capital said the win was “significant” for BATM’s Celitron division in agriculture and provided evidence that the technology was “becoming a referenceable and proven technology solution to an important area of environmental hazard”.

“BATM has also utilised this technology in the medical and pharmaceutical field with over 400 medical waste units deployed to date. We see equal significant potential in agriculture.”

In mid-morning trading Tuesday, BATM shares were down 0.2% at 46.5p.

--Adds broker comment and share price--

Quick facts: BATM Advanced Communications Ltd

Price: 39.5 GBX

LSE:BVC
Market: LSE
Market Cap: £173.91 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of BATM Advanced Communications Ltd named herein, including the promotion by the Company of BATM Advanced Communications Ltd in any Content on the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: BATM starts proof-of-concept deal discussions for its 5G...

BATM Advanced Communications Limited's (LON:BVC) Zvi Marom tells Proactive London's Andrew Scott they've started proof-of-concept deal discussions for its 5G virtual network developed with chip designer ARM. Marom says they've completed the development milestones set down by ARM ahead of...

2 weeks, 2 days ago

2 min read