BATM Advanced Communications Ld Expansion of cyber offering and follow-on contract (9032O)

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        [phone] 
Moti Nagar, Chief Financial Officer 
 
 
Shore Capital 
Mark Percy, Anita Ghanekar, James Thomas     [phone] 
 
 
Luther Pendragon 
Harry Chathli, Claire Norbury, Joe Quinlan   [phone] 
 

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October 07, 2019 02:00 ET (06:00 GMT)