BATM Advanced Communications Ld
21 March 2006
BATM Signs an OEM Agreement with a
New Global Network Supplier
London, 21st March 2006, BATM Advanced Communications (LSE: BVC), a leading
designer of broadband data and telecoms systems, announces the signing of an OEM
agreement with a new global network supplier.
Under the agreement BATM will commence delivering advanced access equipment
which will be offered by its new customer worldwide, during the latter part of
the current year.
Whilst no precise values for the new contract have been defined at this stage,
BATM believes that the agreement has a likely value of several million US
dollars on a full annual basis. The new relationship will enable BATM to enter
markets to which it had no direct access so far.
Dr. Zvi Marom, Chief Executive of BATM, said: 'I am delighted that an important
new agreement has been signed, earlier than anticipated, with a distinguished
and very professional global supplier. BATM is rapidly becoming a significant
supplier to a number of the most important companies in the telecoms sector and
this new partnership provides a further underpinning of our growth prospects'.
Enquiries:
Amira Bardichev
Global Equity IR
T. +44-7956-206270
Amira@global-equity-ir.co.uk
www.global-equity-ir.co.uk
About BATM Advanced Communications
BATM is a world leader in the design and supply of IP packet-based systems such
as high-capacity, self-routing switches with extensive QoS capabilities. For
more information, visit the BATM Advanced Communications web site at
www.batm.com
Telco Systems is a wholly owned subsidiary of BATM Advanced Communications Based
in Foxboro, Massachusetts; the company provides industry-leading networking
solutions to the carrier and enterprise markets. Telco Systems' focus is to
maximize the power of customers' networks by integrating transport, access, and
packet technologies onto industry-leading platforms, therefore fully meeting
today's and tomorrow's network requirements. For more information, visit the
Telco Systems web site at www.telco.com
This information is provided by RNS
The company news service from the London Stock Exchange
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