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BVC Batm Advanced Communications Ld

19.20
-0.35 (-1.79%)
19 Apr 2024 - Closed
Delayed by 15 minutes
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
  -0.35 -1.79% 19.20 19.15 19.25 19.35 19.20 19.20 53,408 16:35:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Services, Nec 122.83M -193k -0.0004 -482.50 84.16M

BATM Advanced Communications Ld Launch of Edgility networking NFV-based ecosystem

12/07/2021 7:00am

RNS Non-Regulatory


TIDMBVC

BATM Advanced Communications Ld

12 July 2021

LEI: 213800FLQUB9J289RU66

12 July 2021

BATM Advanced Communications Limited

("BATM" or "the Group")

Launch of Edgility networking NFV-based ecosystem

Release of Fast SD-WAN & Firewall as first Edgility dedicated package

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that its Telco Systems subsidiary has launched Edgility, an ecosystem of networking products and services based on its network function virtualisation ("NFV") technology. In addition, Telco Systems has released its first dedicated package under the Edgility product suite, which is a Fast SD-WAN & Firewall offering that provides secure network connectivity for the small office and home office ("SOHO") market.

Edgility is founded on the Group's NFV operating system, Edgility OS (formerly NFVTime). This enables Edge compute whereby data processing takes places at the network edge, nearer to the end device, to improve response times and save bandwidth. With the recent global trends of increased remote working, the Group believes there is a significant opportunity for the provision of connectivity solutions utilising Edge compute for the underserved SOHO market. In addition, Edge compute is fundamental in enabling Internet of Things ("IoT") technologies.

The Group's Fast SD-WAN (software-defined wide-area network) & Firewall package provides a branch or home office with a secure network connection at a cost-effective price by adopting a novel approach to connectivity. Fast SD-WAN bypasses the need for a dedicated MPLS or SD-WAN line at the core of the network, which are resilient but costly, by leveraging multiple lines and the compute power at the edge device. This provides optimal bandwidth across the entire network by using application-based traffic prioritisation.

The Group is targeting the package at telecoms service providers and distributors to the SOHO market. By adopting Edgility Fast SD-WAN & Firewall, they will be able to offer their enterprise customers a secure access service edge ("SASE") solution that is low cost and quick to provision thereby reducing the time to return on investment. With the increasing digitalisation of business - resulting in a proliferation of devices and applications - combined with work-from-anywhere initiatives, Gartner predicts that by 2025, at least 60% of enterprises will have explicit strategies and timelines for SASE adoption encompassing user, branch and edge access, up from 10% in 2020.

Edgility Fast SD-WAN & Firewall comprises a small, rugged device developed by Telco Systems, which is pre-packaged with Edgility OS integrated with Clavister's SD-WAN and class A firewall. The devices are deployed at the central office and at the branch office or employee homes, with a simple installation process. This provides the remote locations with the same level of security and connectivity as the central office at the core.

Dr Zvi Marom, CEO of BATM, said: "'Edgility' reflects our focus on driving innovation at the network edge, which is underpinned by our network function virtualisation technology. With the increasing digitalisation of business and emergence of widespread hybrid working, there is growing demand for Edge compute solutions and a significant opportunity to establish an early-mover foothold in this nascent market. Our Fast SD-WAN & Firewall package has been launched to target this opportunity with what we believe is a unique ability to provide secure connectivity at a comparatively low cost and with a simple set up. We believe there is great potential for this offering, which also expands our NFV activities."

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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END

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(END) Dow Jones Newswires

July 12, 2021 02:00 ET (06:00 GMT)

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