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BATM Advanced Communications lands US$4mln agri-waste contract

The company won a competitive tender process to land the contract with an unnamed Taiwanese food conglomerate

BATM Advanced Communications Ltd -

BATM Advanced Communications Limited (LON:BVC) has been awarded a US$4mln agri-waste contract by an unnamed Taiwanese food conglomerate.

In a statement, the company said it would receive 30% of the sum by the end of December, with the remainder paid on completion of the project around this time next year.

WATCH: BATM Advanced Communications awarded US$4mln agri-waste contract

The contract will see BATM supply and install three waste treatment units based around its integrated steriliser and shredder technology at two sites.

The deal was landed after a competitive tendering process, which chief executive, Dr Zvi Marom said provided “affirmation that our technology-led solution can disrupt this market that is still using decades-old processes”.

“The increasing commercial traction and momentum of orders from leading food groups globally is welcome validation of the value that our solution brings to our customers,” he added.

As well as leading the field in waste management, BATM has developed and sells real-time technologies for networking solutions and medical laboratory systems.

Quick facts: BATM Advanced Communications Ltd

Price: 44.4 GBX

Market: LSE
Market Cap: £195.48 m

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