TIDMBVC

RNS Number : 0153M

BATM Advanced Communications Ld

09 January 2023

LEI: 213800FLQUB9J289RU66

9 January 2023

BATM Advanced Communications Limited

("BATM" or "the Group")

BATM receives $26m cyber security order

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that it has received a substantial government cyber security order, with a value of $26m. The order is to be delivered within a maximum period of five years and will commence in the current year.

The order is from the Group's long-standing government defence department customer and is for the supply of the Group's high speed network cyber platform that integrates advanced equipment and software. It enables the deployment of secure networking in mission critical and national scale networks, to prevent cyber-attacks and the leak of confidential data.

Moti Nagar, Chief Executive Officer of BATM, said:

"This substantial order from our long-standing cyber security government customer demonstrates the underlying quality of, and demand for, our cyber solutions. This order is for our latest equipment that offers industry-leading advanced protection, reflecting the continued expansion and commercialisation of our wide IP portfolio. It also supports our visibility over revenue for this year and beyond. As governments and companies face increasingly pervasive cyber security threats from a broad range of actors, we expect to continue to receive more orders for our cyber products and demand to remain strong as we progress through 2023 and beyond."

Enquiries:

 
BATM Advanced Communications 
Moti Nagar, Chief Executive Officer                             +972 9866 2525 
 
 
Shore Capital 
Mark Percy, Anita Ghanekar, James Thomas (Corporate Advisory)   +44 20 7408 4050 
 
Gracechurch Group 
Harry Chathli, Claire Norbury                                   +44 20 4582 3500

Forward-looking statements

This document contains forward-looking statements. Those statements reflect the current opinions, evaluations and estimations of the Group's management, and are based on the current data regarding the Group's business as is detailed in this document and in the Group's periodical, interim and immediate reports. The Group does not undertake any obligation or make any representation that actual results and events will be in line with those statements, and stresses that they may differ materially from those statements, due to changes in the Group's business, market, competition, demand for the Group's products or services, general economic factors or other factors that can influence the Group's business and results, and due to information and factors that are currently unknown to the Group's management and that, if known, would affect the management's opinions, evaluations or estimations. The Group will report the actual results and events according to its legal, accounting and regulatory obligations, and does not undertake any other obligation to report them or their deviations from the forward-looking statements, or to update any of the forward-looking statements in this document or to report that it is not valid anymore.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCMZGGMGRZGFZZ

(END) Dow Jones Newswires

January 09, 2023 02:00 ET (07:00 GMT)

BATM Advanced Communicat... (AQSE:BVC.GB)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more BATM Advanced Communicat... Charts.
BATM Advanced Communicat... (AQSE:BVC.GB)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more BATM Advanced Communicat... Charts.