BATM Advanced Communications Ld Expansion of cyber offering and follow-on contract (9032O)
October 07 2019 - 1:00AM
UK Regulatory
TIDMBVC
RNS Number : 9032O
BATM Advanced Communications Ld
07 October 2019
LEI: 213800FLQUB9J289RU66
7 October 2019
BATM Advanced Communications Limited
("BATM" or "the Group")
BATM expands cyber security offering and receives contract
T-sense now compatible with Arm and Intel architecture
Further follow-on contract from Government defence department
customer
BATM (LSE: BVC; TASE: BVC), a leading provider of real-time
technologies for networking solutions and medical laboratory
systems, announces the enhancement of its cyber security offering
to make it compatible with Arm architecture. The Group has also
received an additional follow-on contract for its cyber security
software solution from a government defence department
customer.
The Group has enhanced its T-Sense product, which is a
software-based smart network sensor that is able to discover and
classify network devices, applications, services and activities
over the network, so that it is compatible with Arm architecture as
well as Intel-based platforms. As a result, T-Sense is now able to
leverage the advantages of all major infrastructures, which expands
its addressable market. This enhanced product will be available to
customers in 2020.
In addition, the Group has received another follow-on contract
from its long-standing government defence department customer. This
new order, which has a value of $0.6m and will mostly be delivered
in 2019, is for enhancements to the software cyber security
products that the customer previously bought from the Group.
Following this latest order, the total contracted revenue awarded
to the Group to date by this customer for cyber security products
and services is over $14m.
Dr Zvi Marom, Chief Executive Officer of BATM, said: "These
enhancements to our T-Sense solution to make it compatible with Arm
architecture will allow our customers to leverage access to all
major IT infrastructures and expands our addressable market.
Alongside our work with Arm under our strategic partnership for the
NFV market, we are now able to offer a comprehensive solution for
Arm-based platforms that can provide cyber security to virtual
networks. We are also pleased to have received another order from
this government defence department for our cyber software, which
demonstrates the value that our solution offers and the
satisfaction of this customer. We continue to receive increasing
demand for our cyber solution and expect more orders this
year."
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 +44 20 7408 4050
Luther Pendragon
Harry Chathli, Claire Norbury, Joe Quinlan +44 20 7618 9100
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END
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