BATM receives $2.3m cyber security orders

BATM Advanced Communications Ld
26 March 2024
 

LEI: 213800FLQUB9J289RU66

26 March 2024

 

BATM Advanced Communications Limited

("BATM" or "the Group") 

 

BATM receives $2.3m cyber security orders for its solution and development of quantum key distribution integration

 

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 additional cyber security orders with a total value of $2.3m, with delivery to commence immediately.

 

These orders are for the provision of the Group's advanced hardware and software-based cyber solution, as well as for developing a next-generation encryption solution including the integration of quantum key distribution, to its long-standing government defence department customer. Over the last 15 months, the Group's Cyber division has received orders totalling to $35m.

 

Moti Nagar, Chief Executive Officer of BATM, said: "We are pleased that the strong momentum experienced last year in our cyber business has continued into 2024. We are also excited about the progress that we are making in integrating quantum key distribution into our platforms, which reflects the ability of our highly skilled and experienced team in addressing the technological demands of the next computing era. As we continue to deliver our significant backlog of existing orders as well as receive new orders for our best-in-class cyber solution, we remain very confident in the prospects for this business."

 

 

Enquiries

 

BATM Advanced Communications


Moti Nagar, Chief Executive Officer

+972 9866 2525                 

Ran Noy, Chief Financial Officer




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, 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.

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
 
 
UK 100