BATM awarded $4m cyber security contract

RNS Number : 1623B

BATM Advanced Communications Ld

08 January 2018

 

LEI: 213800FLQUB9J289RU66

8 January 2018

BATM Advanced Communications Limited

("BATM" or "the Group")

BATM Awarded Follow-On Cyber Security Contract by a Government Defense Department

Latest award of $4m contract to provide hardware and software solution is the fourth from government agencies

BATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, is pleased to announce that its Networking and Cyber division ("the Division") has been awarded a significant contract to supply a cyber communication technology solution to a Government defense department. This contract is the fourth such contract awarded to BATM by a national government and is worth approximately $4m over the next 12 months.

BATM was awarded the new contract following the successful deployment of the Division's solution previously and expects to commence delivery of the contract in Q2 2018 with completion by year-end 2018. The Group anticipates receiving follow-on orders after the completion of this contract.

Dr Zvi Marom, Chief Executive Officer of BATM, said: "We are delighted to have been awarded a contract following the successful deployment of our solution by a national defense department. Interest in our cyber technologies' abilities to detect and investigate suspicious network activity and cyber threats continues to increase as governments and their defense agencies seek to prevent potential cyber attacks on their infrastructure and important institutions as well as to secure their communications. We look forward to reporting the successful completion of other ongoing proof-of-concept trials taking place currently."

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]

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

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