Share Name Share Symbol Market Type Share ISIN Share Description
Batm Advanced Communications Ld LSE:BVC London Ordinary Share IL0010849045 ORD ILS0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.70 0.84% 84.00 84.20 84.80 84.80 83.00 84.50 263,660 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 134.3 9.7 1.6 52.0 373

BATM Advanced Communications Ld BATM secures first tier 1 customer for NFVTime

27/08/2020 7:00am

UK Regulatory (RNS & others)

Batm Advanced Communicat... (LSE:BVC)
Historical Stock Chart

From Jul 2020 to Jul 2021

Click Here for more Batm Advanced Communicat... Charts.


RNS Number : 2625X

BATM Advanced Communications Ld

27 August 2020

LEI: 213800FLQUB9J289RU66

27 August 2020

BATM Advanced Communications Limited

("BATM" or "the Group")

BATM secures first tier 1 customer for NFVTime with multi-year licensing agreement

Leading international telecommunications provider adopts the Group's NFVTime solution for creating virtual networks

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that it has a signed its first tier 1 customer for its NFVTime virtual networking solution. The customer, which is a leading telecommunications provider to multi-national enterprises and communication service providers globally and is headquartered in Asia, has entered a three-year licensing agreement, which follows the completion of a successful proof-of-concept.

The customer will use the NFVTime operating system, which was developed by the Group's wholly-owned Telco Systems subsidiary, to create virtual networks for customers and for operators that its services on a wholesale basis. The Group will receive a licence fee for a minimum of three years for each deployment of NFVTime, with a separate deployment required for each end customer (whether direct or via an operator) that adopts the solution.

The Group believes that the potential market for NFVTime is substantial. This new tier 1 customer alone serves enterprise and wholesale customers, including hundreds of operators, in more than 160 countries and 3,000 cities across North and South America, Asia, Europe, the Middle East and Africa. In addition, a s a software solution, NFVTime can be deployed remotely, is extremely scalable and carries a significantly higher margin than the Group's traditional carrier Ethernet products.

Network function virtualisation ("NFV") enables network functions to be run in software, with a single piece of equipment, rather than requiring multiple pieces of physical hardware. This reduces the time, cost and carbon footprint of service deployment and management. NFV can also be a key element in leveraging the benefits offered by 5G and Internet of Things. The Group believes it is well-positioned to benefit from the expected demand for NFV as NFVTime is one of few solutions that can operate on both Arm-based and Intel-based architectures (with this new tier 1 customer intending to operate NFVTime on Intel's x86 processor architecture).

Dr Zvi Marom, Chief Executive Officer of BATM, said: "This is extremely significant for BATM as our first tier 1 customer for our NFVTime solution. This agreement represents the achievement of a fundamental milestone in the execution of our NFV strategy, and is something we have been working towards for several years . It follows a successful proof-of-concept, like what we recently announced with Vodafone and Arm as well as many others, and we are making good progress towards the potential contract stage with those as well. We believe this agreement and the NFV market will prove lucrative for BATM.

"The market for NFV is substantial as network carriers look towards the rollout of 5G. Equally, COVID-19 has clearly demonstrated the value of being able to deploy and manage network services remotely. We believe that we are well-placed to succeed in this market as one of few companies able to integrate with both Arm and Intel architectures as well as having built an eco-system of Virtual Network Functions around NFVTime over the last few years. This new agreement, combined with the recent successful completion of a proof-of-concept with Vodafone, gives us great confidence in the prospects for NFVTime and we look forward to reporting on our progress."


  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 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.



(END) Dow Jones Newswires

August 27, 2020 02:00 ET (06:00 GMT)

1 Year Batm Advanced Communicat... Chart

1 Year Batm Advanced Communicat... Chart

1 Month Batm Advanced Communicat... Chart

1 Month Batm Advanced Communicat... Chart
ADVFN Advertorial
Your Recent History
Batm Advan..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210725 18:56:42