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BATM receives $3.5m cyber security contract

LEI: 213800FLQUB9J289RU66
10 November 2021

BATM Advanced Communications Limited
(“BATM” or “the Group”)

BATM receives $3.5m cyber security contract

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that it has been awarded a cyber security contract worth $3.5m and expects to receive the full value in 2022.

 The contract is with the Group’s long-standing government defence department customer. The Group will provide hardware and software as part of its network cyber security solution.

 Dr Zvi Marom, CEO of BATM, said:

 “We are delighted to have received a further order for this cyber solution from our long-standing defence department customer as the momentum in this part of the business continues. In the last five months, we’ve been awarded over $17m in cyber contracts as governments resume investment in cyber solutions following the temporary diversion of resources during the pandemic. We believe we have a unique best-in-class solution, but at the same time we continue to innovate to expand the applications of our cyber products. We remain very excited for the prospects of our cyber business and expect further orders in the near future.”  

Enquiries:

BATM Advanced Communications
Dr Zvi Marom, Chief Executive Officer
+972 9866 2525
Moti Nagar, Chief Financial Officer

Shore Capital
Mark Percy, Anita Ghanekar, James Thomas (Corporate Advisory)
Henry Willcocks (Corporate Broking)
+44 20 7408 4050

Luther Pendragon
Harry Chathli, Claire Norbury
+44 20 7618 9100

Forward-looking statements

This document contains forward-looking statements. Those statements reflect the current opinions, evaluations and estimations of the Group’s management, and are based on the current data regarding the Group’s business as is detailed in this document and in the Group’s periodical, interim and immediate reports. The Group does not undertake any obligation or make any representation that actual results and events will be in line with those statements, and stresses that they may differ materially from those statements, due to changes in the Group’s business, market, competition, demand for the Group’s products or services, general economic factors or other factors that can influence the Group’s business and results, and due to information and factors that are currently unknown to the Group’s management and that, if known, would affect the management’s opinions, evaluations or estimations. The Group will report the actual results and events according to its legal, accounting and regulatory obligations, and does not undertake any other obligation to report them or their deviations from the forward-looking statements, or to update any of the forward-looking statements in this document or to report that it is not valid anymore. 

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