LEI: 213800FLQUB9J289RU66
26 March 2024
BATM
Advanced Communications Limited
("BATM"
or "the Group")
BATM
receives $2.3m cyber security orders for its solution and
development of quantum key
distribution integration
BATM (LSE: BVC; TASE: BVC), a leading provider of
real-time technologies for networking solutions and medical
laboratory systems, is pleased to announce that it
has received additional cyber
security orders with a total value of $2.3m, with delivery to
commence immediately.
These orders are for the provision of the
Group's advanced hardware and software-based cyber solution, as
well as for developing a next-generation encryption solution
including the integration of quantum key distribution, to its
long-standing government defence department customer. Over the last
15 months, the Group's Cyber division has received orders totalling
to $35m.
Moti Nagar, Chief Executive Officer of BATM,
said: "We are pleased that the
strong momentum experienced last year in our cyber business has
continued into 2024. We are also excited about the
progress that we are making in integrating quantum
key distribution into our platforms, which
reflects the ability of our highly skilled and experienced team in
addressing the technological demands of the next computing era. As
we continue to deliver our significant backlog of existing orders
as well as receive new orders for our best-in-class cyber solution,
we remain very confident in the prospects for this
business."
Enquiries
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BATM Advanced
Communications
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Moti Nagar, Chief Executive Officer
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+972 9866
2525
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Ran Noy, Chief Financial Officer
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Shore
Capital
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Mark Percy, Anita Ghanekar, James Thomas
(Corporate Advisory)
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+44 20 7408 4050
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Gracechurch
Group
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Harry Chathli, Claire Norbury
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+44 20 4582 3500
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Forward-looking
statements
This document contains forward-looking statements. Those
statements reflect the current opinions, evaluations and
estimations of the Group's management, and are based on the current
data regarding the Group's business as is detailed in this document
and in the Group's periodical, interim and immediate reports. The
Group does not undertake any obligation or make any representation
that actual results and events will be in line with those
statements, and stresses that they may differ materially from those
statements, due to changes in the Group's business, market,
competition, demand for the Group's products or services, general
economic factors or other factors that can influence the Group's
business and results, due to the risk factors that are detailed in
the Group's Annual Report, and due to information and factors that
are currently unknown to the Group's management and that, if known,
would affect the management's opinions, evaluations or estimations.
The Group will report the actual results and events according to
its legal, accounting and regulatory obligations, and does not
undertake any other obligation to report them or their deviations
from the forward-looking statements, or to update any of the
forward-looking statements in this document or to report that it is
not valid anymore.