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16 Apr 2019 | 09:55

BATM Advanced Communications wins $2m contract

BATM Advanced Communications was awarded an initial $2m contract by a branch of a national armed forces for the provision of a combined cyber security and networking solution.

This is the Group's first contract for this combined solution, which will be delivered over an approximate 18-month period commencing immediately.

This solution, which will be delivered to a new armed forces customer, combines cyber security software provided by the group's Celare subsidiary with networking applications from the group's NGSoft subsidiary.

The award of the contract follows the completion of a lengthy and successful proof-of-concept trial in which several major suppliers competed.

The group expects to receive further orders from this customer.

BATM Advanced Communications CEO Dr Zvi Marom said: "We are pleased to have been awarded this contract by a new customer for a solution that is a unique combination of our cyber security and networking solutions - demonstrating the interconnection within our business and that BATM's value is more than the sum of its parts.

"The award of the contract follows a thorough, very demanding and lengthy proof-of-concept trial where the customer tested several solutions from major suppliers and decided on our solution based on its superior offer.

"Receiving this contract from the armed forces is also validation that our solution can meet the most stringent security requirements.

"We look forward to delivering this project and to expanding our relationship with this customer as we expect further orders in due course."

At 9:55am: (LON:BVC) BATM Advanced Communications Ltd share price was +0.35p at 47.65p

Story provided by StockMarketWire.com
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