BATM Advanced Communications Ld Delivery of First Insect Protein Recovery Facility (6762H)
December 07 2020 - 1:00AM
UK Regulatory
TIDMBVC
RNS Number : 6762H
BATM Advanced Communications Ld
07 December 2020
LEI: 213800FLQUB9J289RU66
7 December 2020
BATM Advanced Communications Limited
("BATM" or "the Group")
BATM Delivers First Insect Protein Recovery Facility
New ISS-based instrument to produce high-quality insect protein
powder and oil
BATM (LSE: BVC; TASE: BVC), a leading provider of real-time
technologies for networking solutions and medical laboratory
systems, is pleased to announce that Celitron, the Group's
subsidiary that is part of the Eco-Med unit, has completed the
delivery of the first of its new instrument that recovers
high-quality protein and oils from insects to a world renowned
company focused on commercialising industrial scale insect-based
technologies to produce feedstock. The entry into a new market
segment with the first delivery of this instrument marks a further
milestone achieved by Celitron in 2020.
The Group's new instrument provides a continuous and automated
process for the recovery of solid protein and oils from insects
such as worms and flies that feed on waste. It is based on
Celitron's innovative Integrated Sterilizer and Shredder ("ISS")
technology that is designed for sterilising harmful agricultural
and medical waste and rendering them benign. The ISS also has the
advantage of enabling a streamlined process and being far more
cost-effective compared with any competing solutions.
The customer, which is headquartered in Belgium, recycles insect
nutrients into valuable products for the feedstock industry. The
customer intends to use the Group's solution to produce insect
protein powder that can be used as a substitute for fishmeal and
oils that can be used in aquaculture feed. The Group expects to
receive orders from this customer for further instruments in due
course.
This contract is in addition to other contracts for the Group's
ISS-based solutions delivered in 2020 in Europe and Asia, with the
Group having received orders of $8.3m for this technology in 2019
and 2020. With demand for protein on the rise and the crucial need
to ensure protein safety along with an increased interest in the
ISS, the Group is confident of adding to this total in 2021.
A video showing the instrument in operation at the customer's
facility can be accessed here: https://youtu.be/4Pat7itiUQ8
Dr Zvi Marom, Chief Executive Officer of BATM, said: "I am
delighted that we have delivered the first of this new protein
recovery instrument and I congratulate the Celitron team for
achieving this major milestone despite the logistical challenges of
the COVID-19 pandemic. After several years of development at our
facility in Hungary, we have now established a best-in-class
solution based on our superior ISS technology. The production of
protein and oil from animal waste, and, in particular, from the
rearing of insects, has enormous potential as a sustainable source
of protein for fishmeal, livestock feed and potentially even human
nutrition.
"All of BATM's units are going from strength to strength not
only in their financial performance, but also in introducing
innovative technology that we believe will be of benefit to society
for many years to come. I take great pride in these achievements
and look forward to reporting our progress."
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
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