LEI: 213800FLQUB9J289RU66
2 December 2024
BATM
Advanced Communications Limited
("BATM"
or "the Group")
BATM receives orders of $2.4m
for Edgility
Delivery
of the Group's virtualisation and edge compute platform to commence
to a Tier 1 Communications Service Provider
BATM (LSE: BVC; TASE: BVC), a leading provider of
real-time technologies for networking solutions and medical
laboratory systems, is pleased to announce that it has
received orders under an existing framework agreement to provide a
Tier 1 Communications Service Provider (the "Customer") with its
Edgility edge virtualisation platform and accompanying hardware.
The orders are worth a minimum of $2.4m over a three-year
period.
The Customer will deploy Edgility to
fully virtualise, orchestrate and manage at scale its enterprise
connectivity services provided to enterprise and small- to
medium-sized businesses. The Group's platform will be
replacing traditional appliance suppliers to enable
the Customer to deploy a unified managed network experience across
all applications, including AI applications.
The receipt of these orders follows
Edgility completing a comprehensive certification process with the
Customer, during which it met or exceeded all the
required performance, security and scalability standards. Under the
current agreement, the Group will
deploy licences, along with accompanying uCPE hardware, with
a minimum licence term of three years. Management
believes there is potential for a significant year-on-year
expansion and extension in the number and duration of Edgility
licences the Group supplies as the Customer's business continues to
grow.
Moti Nagar,
Chief Executive Officer of BATM, said: "We are
delighted to have secured these orders from a Tier 1 Communications
Service Provider. It is a significant achievement, and we are proud
that, following rigorous testing, we have been chosen to replace
the Customer's incumbent network suppliers, which includes
solutions provided by one of the world's largest telecom equipment
manufacturers. This is testament to the strength of our offering
and reflects increasing market recognition of its considerable
advantages as well as growing Western concerns around the security
risk posed by some competing technology providers. Accordingly, we
are excited about our prospects for this activity and look forward
to expanding our market share in this rapidly growing
market."
Enquiries
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BATM
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Moti Nagar, Chief Executive
Officer
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+972 9866 2525
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Ran Noy, Chief Financial
Officer
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Shore Capital
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Mark Percy, Anita Ghanekar, James Thomas
(Corporate Advisory)
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+44 20 7408 4050
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Gracechurch Group
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Harry Chathli, Claire Norbury
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+44 20 4582 3500
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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, due to the risk factors that are detailed in
the Group's Annual Report, 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.
