First Medical Equipment Order

RNS Number : 7133J

BATM Advanced Communications Ld

09 December 2008

 



BATM Advanced Communications Limited

('BATM' or the 'Company')

First Contract in Medical Equipment Sector

BATM Advanced Communications Limited ('BATM' or the 'Company'), (LSE: BVC), a leading designer and producer of broadband data and telecom systems, is pleased to announce that it has signed a contract with a major German manufacturer of medical equipment.

Supply of the equipment will take place before the end of 2009 and the initial value is expected to be in excess of US $1m with substantial upside in the future. 

Dr Zvi Marom, CEO of BATM, commented:

'At the Company's AGM in June of this year we announced that we were looking to extend our intellectual property, technological expertise and innovation into vertical markets, with an initial focus on medical equipment and surveillance. I am, therefore, delighted to be able to announce such a substantial agreement within such a short timeframe. Initial interest from this field has been very encouraging and I look forward to providing a further update in our full year results in February 2009.'

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Enquiries: 

BATM Advanced Communications	[phone]
Dr Zvi Marom, Chief Executive
Threadneedle Communications	020 7653 9844
Josh Royston / Graham Herring
Singer Capital Markets	020 3205 7620
Nicholas How / Richard Savage
Shore Capital	020 7408 4090
Graham Shore / Dru Danford

 

END

 

 

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