Contract to develop & supply

RNS Number : 1830E
BATM Advanced Communications Ld
16 December 2009
 




BATM Advanced Communications Limited ("BATM" or the "Company")

 

Contract to develop and supply military communication equipment

 

BATM (LSE: BVC), a leading designer and producer of broadband data and telecom systems, is delighted to announce that after four years of rigorous testing, it has received an order from a prominent defence force. The contract is for the development and supply of a modified version of the Company's new generation of secure, high speed access platform. 


BATM will be the sole supplier of such platforms to this customer.


The contract is valued at approximately USD 5 million for the years 2010-2011, however, it is expected that additional equipment orders will follow the initial deployment. The Company also expects the order to become an important reference for other defence forces.


Dr. Zvi Marom, Chief Executive of BATM, commented: 

"This customer's decision to use BATM's products, after a period of rigorous testing, is yet further proof of the technology leadership that BATM has increasingly demonstrated in the last few years. Military communications, by their very nature, need to be the best of breed and we are confident that this contract will pave the way for future opportunities for BATM, from both military and homeland security customers."


Enquiries:


BATM Advanced Communication Limited

+972 9866 2525

Dr Zvi Marom, Chief Executive




Threadneedle Communications 

020 7653 9850

Josh Royston / Graham Herring




Singer Capital Markets Ltd

020 3205 7500

Nicholas How




Shore Capital

020 7408 4090

Graham Shore





This information is provided by RNS
The company news service from the London Stock Exchange
 
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