BATM Advanced Communications Ld JDA and Strategic Investment (1174Q)
June 04 2018 - 1:00AM
UK Regulatory
TIDMBVC
RNS Number : 1174Q
BATM Advanced Communications Ld
04 June 2018
LEI: 213800FLQUB9J289RU66
4 June 2018
BATM Advanced Communications Limited
("BATM" or "the Group")
BATM signs agreement for joint development and strategic
investment of over $3m from a multinational semiconductor company
for a differentiated NFV solution
BATM Advanced Communications Limited (LSE: BVC), a leading
provider of real-time technologies for networking solutions and
medical laboratory systems, announces that its wholly-owned
subsidiary Telco Systems ("Telco"), a high-end software development
and design business within the Group's Networking & Cyber
division, has entered into a joint development agreement ("JDA")
with a leading multinational semiconductor and software design
company (the "Partner"), to develop and market infrastructure
solutions for network function virtualisation ("NFV"), with the
Partner investing $3m-$3.5m into the project, which is planned to
be delivered in phases over the next 18 months.
Dr Zvi Marom, Chief Executive Officer of BATM, said: "We are
delighted to have signed this agreement with such a major player to
develop a solution that will present a real challenge to the
incumbent infrastructure offerings. This partnership reflects our
shared belief in the opportunities presented by the expanding NFV
market, especially given its relevance with the oncoming of 5G, and
it is the foundation for what we expect to be a long and fruitful
cooperation between the parties.
"The agreement is built not only on the unique and innovative
nature of our NFVTime, but also on previous successful trials of
our software on the partner's architecture with SoC (System on a
Chip) vendors. This JDA expands on that solution and we believe
that it will be adopted by more SoC vendors using that same
architecture. The fact that a world-leading semiconductor company
has chosen to partner with BATM, including a financial commitment,
validates the strength of our offering and together we will
leverage their market position to target the many potential
verticals for networking and edge computing solutions."
The two parties will jointly develop Universal Customer Premises
Equipment ("uCPE") networking devices that will utilise the Group's
NFVTime plug-and-play software solution that enables NFV. The joint
solution will be optimised for several new SoC platforms and will
run a suite of virtual network functions ("VNFs"), including
vRouter, vFirewall and SD-WAN. This solution will be the only NFV
operating system able to operate on both Intel (x86) and Arm(R)
architectures. The parties will also conduct joint business
development and marketing of the new solution, and agree on a
royalty arrangement that will be implemented when sales
commence.
As a result of this partnership, the Group will be able to
extend and enhance its NFV offering to provide a more wide-ranging
and competitive solution, as well as seek to leverage the market
presence of the Partner and its sales & marketing
resources.
Enquiries:
BATM Advanced Communications
------------------------------- -----------------
Dr Zvi Marom, Chief Executive
Officer +972 9866 2525
------------------------------- -----------------
Moti Nagar, Chief Financial
Officer
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Shore Capital
------------------------------- -----------------
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
------------------------------- -----------------
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
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END
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