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BVC Batm Advanced Communications Ld

19.55
1.45 (8.01%)
18 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
  1.45 8.01% 19.55 19.10 20.00 297,006 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Services, Nec 122.83M -193k -0.0004 -452.50 78.92M

BATM Advanced Communications Ld Successful proof-of-concept with Vodafone (1987V)

05/08/2020 8:09am

UK Regulatory


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RNS Number : 1987V

BATM Advanced Communications Ld

05 August 2020

LEI: 213800FLQUB9J289RU66

5 August 2020

BATM Advanced Communications Limited

("BATM" or "the Group")

BATM and Arm successfully complete proof-of-concept with Vodafone

Arm-based uCPE, which includes Group's NFVTime solution, successfully tested by Vodafone in the UK

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces the successful completion of a proof-of-concept by leading network operator, Vodafone, of the Arm-based uCPE that is run on the NFVTime operating system developed by the Group's wholly-owned subsidiary, Telco Systems.

As noted by Arm in its announcement of 4 August 2020, highlights from the proof-of-concept include:

-- This joint solution can 'effectively scale down the cost of deploying services [for network operators] while increasing system performance to levels not seen by other platforms'

   --    Telco Systems' NFVTime 'complements the hardware efficiency by enabling a tightly integrated virtualization platform' 

-- Gavin Young, Head of Fixed Access Center of Excellence at Vodafone, 'made it clear that this project is a major milestone toward a new way of deploying digital services'

The Arm-based uCPE was tested by Vodafone Group labs in the UK for both small/medium business and enterprise use-cases. The solution performed successfully in the deployment and management of virtual network functions and was able to handle high traffic requirements. This solution enables network operators to benefit from a high-performing network with lower energy consumption, operating costs and emissions. Telco Systems continues to work closely with Arm and Vodafone as they prepare for the next step in the process.

The Group's NFVTime operating system is integrated with Arm technology to be used on Arm-based uCPE related SoCs (system-on-a-chip). This solution, jointly developed by BATM and Arm, enables network carriers to deploy their own virtualised networks, which can also be a key element in allowing them to leverage the benefits offered by 5G.

Dr Zvi Marom, Chief Executive Officer of BATM, said: "We are delighted with the successful outcome of this proof-of-concept under our strategic agreement with Arm. Our NFV ecosystem is designed to support high traffic, which is an absolute must in the implementation of business connectivity and 5G technologies and running applications such as those to enable the Internet of Things. Also, there has been a notable increase in data consumption since the COVID-19 outbreak and, as we all get used to new ways of working and keeping in touch with each other, we believe that better and more sophisticated mobile-based applications are needed more than ever to facilitate this new norm.

"Our congratulations to Arm, Vodafone and the Telco Systems teams on completing the proof-of-concept despite all the restrictions imposed by the pandemic. We look forward to reporting progress with this project as well as the other proof-of-concepts taking place currently. "

Further details can be found at:

https://www.arm.com/company/news/2020/08/arm-vodafone-take-step-with-universal-cpe

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 
 

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 rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

August 05, 2020 03:09 ET (07:09 GMT)

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