$3.3m Follow-On Cyber Security Order

RNS Number : 2928Q

BATM Advanced Communications Ld

18 February 2019

 

LEI: 213800FLQUB9J289RU66

18 February 2019

BATM Advanced Communications Limited

("BATM" or "the Group")

BATM Awarded $3.3m Follow-On Cyber Security Order

Rapid expansion under cyber security contract with Government defence department customer

Further to the Group's announcement of 4 February 2019, BATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that it has been awarded an additional follow-on contract by the same Government defence department customer. This new order has a value of $3.3m and will be delivered during 2019.

This order is for the delivery of additional hardware and software cyber security products. The Group is also providing the customer with cyber security services under a separate contract. Following this latest order, the total contracted revenue awarded to the Group to date by this customer for products and services for this cyber solution is over $13.3m.

Dr Zvi Marom, Chief Executive Officer of BATM, said:

"To have received this additional order from this customer so quickly after being awarded our previous contract reflects the significant opportunity that this market presents. Cyber security threats are a key concern for governments across the world and we can provide the right products and services to protect their substantial networks. The interest in our cyber solutions is increasing and, thanks to the strength of our offer, we expect to receive further orders and are very excited about the future prospects for this business."

Enquiries:

BATM Advanced Communications
Dr Zvi Marom, Chief Executive Officer	[phone]
Moti Nagar, Chief Financial Officer
Shore Capital
Mark Percy, Anita Ghanekar	[phone]
Luther Pendragon
Harry Chathli, Claire Norbury	[phone]

 

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