BATM Advanced Communications Ld BATM awarded $4m cyber security contract (1623B)
January 08 2018 - 2:00AM
UK Regulatory
TIDMBVC
RNS Number : 1623B
BATM Advanced Communications Ld
08 January 2018
LEI: 213800FLQUB9J289RU66
8 January 2018
BATM Advanced Communications Limited
("BATM" or "the Group")
BATM Awarded Follow-On Cyber Security Contract by a Government
Defense Department
Latest award of $4m contract to provide hardware and software
solution is the fourth from government agencies
BATM Advanced Communications Limited (LSE: BVC), a leading
provider of real-time technologies for networking solutions and
medical laboratory systems, is pleased to announce that its
Networking and Cyber division ("the Division") has been awarded a
significant contract to supply a cyber communication technology
solution to a Government defense department. This contract is the
fourth such contract awarded to BATM by a national government and
is worth approximately $4m over the next 12 months.
BATM was awarded the new contract following the successful
deployment of the Division's solution previously and expects to
commence delivery of the contract in Q2 2018 with completion by
year-end 2018. The Group anticipates receiving follow-on orders
after the completion of this contract.
Dr Zvi Marom, Chief Executive Officer of BATM, said: "We are
delighted to have been awarded a contract following the successful
deployment of our solution by a national defense department.
Interest in our cyber technologies' abilities to detect and
investigate suspicious network activity and cyber threats continues
to increase as governments and their defense agencies seek to
prevent potential cyber attacks on their infrastructure and
important institutions as well as to secure their communications.
We look forward to reporting the successful completion of other
ongoing proof-of-concept trials taking place currently."
Enquiries:
BATM Advanced Communications
------------------------------- -----------------
Dr Zvi Marom, Chief Executive
Officer +972 9866 2525
------------------------------- -----------------
Moti Nagar, Chief Financial
Officer
------------------------------- -----------------
Shore Capital
------------------------------- -----------------
Mark Percy, Anita Ghanekar +44 20 7408 4050
------------------------------- -----------------
Luther Pendragon
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Harry Chathli, Claire Norbury +44 20 7618 9100
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The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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