logo-loader
viewBATM Advanced Communications Ltd

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

LSE:BVC
Market: LSE
Market Cap: £195.48 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

BATM Advanced Communications to have unique coronavirus home test ready...

BATM Advanced Communications Limited's (LON:BVC; TASE:BVC) Zvi Marom tells Proactive London's Andrew Scott they're teaming up with an Israeli life sciences firm to develop and market a rapid home testing kit for COVID-19. He says they're hoping to have a product with regulatory sign-off in...

2 weeks, 5 days ago

2 min read