BATM Advanced Communications Ld
24 November 2005
BATM Wins Major Long-Term Contract Bid with
Leading Telecom Supplier
and Trading Update
London, 24th November 2005, BATM Advanced Communications Ltd (LSE: BVC), is
delighted to announce that it has been advised that it has been the successful
bidder for a major long-term contract with one of the world's leading telecom
suppliers. BATM was competing in the bid with the leading players in the
telecom arena and was awarded the contract after the most rigorous examination
by the customer of all of its aspects.
Dr. Zvi Marom, the CEO of BATM commented: 'We are thrilled to win such a major
contract - potentially, by far, the largest in the history of the company. It
strengthens the international recognition of BATM as a world-class technology
leader. This prestigious contract win, will support our sales efforts with those
of our customers who are currently exploring initial deployment of similar
solutions. The new contract will greatly strengthen our strategic ties with an
extremely important customer and will continue the momentum to create additional
opportunities and to significantly increase BATM's growth prospects in the
medium and long-term'
The award provides for BATM to supply telecom grade equipment which enables
massive capacity of switching and routing including full IPV6, strict elements
of traffic shaping and quality of service. The innovative equipment can handle
voice, video and data channels at a very high speed of 10Gbps simultaneously.
The current solution provided by BATM is based on the most advanced telecom
architecture available in the market. BATM believes that it is the first
company in the world able to demonstrate the full availability and utilization
of such technology for end users. Using this technology enables a level of
reliability, flexibility, modularity and price points never available before.
The pilot, utilizing BATM's equipment, is expected to run during 2006-2007, with
full scale deployment starting in 2008.
Whilst no firm value can be attributed to the contract at this stage, BATM
estimates that,once full-scale deployment commences, it will have a substantial
impact on sales (likely to amount to several tens of millions of US dollars and
in excess of $10 million annually) and future profitability.
BATM is also pleased to announce that sales in the second half of the year to
31st December 2005, continue to show significant increases over the
corresponding half of 2004 and are at a higher level than the 34% reported at
the half year.
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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