BATM Advanced Communications Ld
02 May 2007
BATM Advanced Communications Limited
BATM signs agreement with major EU telecoms operator
BATM Advanced Communications Limited (LSE: BVC) ('BATM'), a leading designer of
broadband data and telecoms systems, announces that it has signed a long-term
supply agreement with a major European telecoms operator to provide Carrier
Ethernet equipment.
Whilst the contract contains no volume commitments by the telecoms operator,
BATM believes that the agreement is likely to be worth several million US
dollars. Deliveries of equipment are due to commence later this year, with the
majority of the orders expected in 2008 and beyond. In addition to Carrier
Ethernet equipment, BATM will also provide systems support on an ongoing basis.
Dr. Zvi Marom, Chief Executive of BATM, said: 'We are very pleased to have
signed such a prestigious new customer in Europe, and believe that there is
potential for further major agreements.
'Trading in the first quarter of 2007 has been encouraging which provides us
with continued optimism for 2007 and beyond.'
Enquiries:
BATM Advanced Communications +972 9 866 2525
Dr Zvi Marom, Chief Executive
Threadneedle Communications +44 20 7936 9605
Graham Herring / Josh Royston
Kaupthing Singer and Friedlander +44 20 3205 7620
Nicholas How
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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