BATM Advanced Communications Ld European government cyber security contract (7510T)
October 17 2017 - 1:00AM
UK Regulatory
TIDMBVC
RNS Number : 7510T
BATM Advanced Communications Ld
17 October 2017
17 October 2017
BATM Advanced Communications Limited
("BATM" or "the Group")
BATM awarded cyber security contract by a European
government
Chosen as leading supplier to provide cyber monitoring and
detection under proof-of-concept programme for a new government
customer
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 Celare
subsidiary, a cyber security business within the Group's Networking
& Cyber division, has been awarded a proof-of-concept ("POC")
contract to be the main supplier of cyber monitoring and detection
systems for a European country. Celare will commence the POC
contract immediately and receive approximately US$350,000 upon
completion, which is scheduled to be by the end of Q1 2018.
The POC has been granted by the defence agency of a European
government. Celare will demonstrate its T-Sense solution for
comprehensive security monitoring to detect and investigate
suspicious network activity and threats. It will support complete
security coverage and will deliver a combination of advanced
software and hardware to collect, analyse and visualise network
incidents. T-Sense provides a 24/7 network monitoring platform and
facilitates advanced detection of cyber threats and attacks,
thereby providing a sophisticated network security shield.
BATM believes that like other similar contracts won recently,
following the successful completion of the POC phase, the customer
will be in a position to award the Group a substantial contract for
the delivery of its cyber security solutions.
Dr Zvi Marom, Chief Executive Officer of BATM, said: "We are
delighted to be chosen by another government to install our cyber
system as a cornerstone in their planning. We believe that cyber
solutions will be an essential element in every country and in all
corporates for years to come, and we are gearing up to be a
significant player in this market."
Enquiries:
BATM Advanced Communications
------------------------------- -----------------
Dr Zvi Marom, Chief Executive
Officer +972 9866 2525
------------------------------- -----------------
Moti Nagar, Chief Financial
Officer
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Shore Capital
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Mark Percy, Anita Ghanekar +44 20 7408 4050
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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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