Batm Advanced Communicat... Share Discussion Threads

[resistance1] 18/10/2022 14:20

Shared by Telco's CEO on Linkedin:

"Our fruitful joint journey in the past several months, fueled great excitement, friendship and determination for success. There are so many use cases we are targeting together – a lot to learn from… This is a game-changer for the industry, and one that I’m confident is just the forerunner to many similar organizations looking to replace their large, costly, power-consuming infrastructures, with a lean, efficient, flexible and future-proof platform like #Edgility.

Special thanks goes out to David Tomalin, CityFibre CTO, and our respective teams who laid the groundwork for this to happen."

[picsous] 18/10/2022 12:14

Huge spread. This news alone won't shift the SP, we need numbers.

[resistance1] 18/10/2022 12:00

car1pet: Lets hope it finishes 30p plus today.

[car1pet] 18/10/2022 11:56

Resistance1 yes I've held hoping the price will rise.

[echoridge] 18/10/2022 10:21

Give it a few days for the economics of this to get out properly. We all know the market in smaller names behaves like this a lot these days. However, with this particular name, the good news will likely keep coming so there is every reason to look for a delayed reaction in the share price

[bigjon1] 18/10/2022 10:18

This is good news for BATM. A 5 year contract is exactly what was needed. Recession proof income is vital and the value of this partnership will grow substantially in the near term as BATM continues to expand to cover CityFibre's entire infrastructure. Exciting times ahead!

[resistance1] 18/10/2022 10:18

It seems the sale of 2 (two!) shares at 9.52 and 28.65 dragged the price down. A blip I am sure.

[landskermichael] 18/10/2022 09:59

Even good news has little effect on the share price it seems

[resistance1] 18/10/2022 08:56

Carpet? R u still in?

[james dean] 18/10/2022 08:17

Welcome news.

It seems Zvi pulled out his wand to aid his coming retirement - hopefully he enjoys it as much as we all do.

[the crypt] 18/10/2022 08:07

Oh pickerty oh crikey - these are blue - yikes

[echoridge] 18/10/2022 07:59

remember sterling had another big move while Israel was closed so the TASE price has 2/3% additional move to make up today

[wizzkid211] 18/10/2022 07:55

premarket buy on TASE of 100k

[resistance1] 18/10/2022 07:52

Yes this is the first block. When this is filled a new one is taken out. And so on.

[kooba] 18/10/2022 07:46

“.. this initial order expected to be worth $3.5 million.”
Difficult to know exactly what exactly the revenue model is but this is “initial”; ..what part is recurring ? Certainly this looks like the start of much larger things though.As they say they expect big pick up in licences in the near term.

[echoridge] 18/10/2022 07:45

Fundamental breakthroughs like today's with Edgility will always be far more important to creating value and re-valuing the share price of course, but having said that, remember the announced pilot program-to-contract conversion effort was likely the reason that BATM's advisors deemed management 'inside'. Now that a formal contract has been announced, that should therefore free up the Company to resume the buyback, although I concede that the world of the financial markets has changed so significantly over the past months that, as has been suggested by posters like FSE, management's priorities for their cash pile may have changed markedly. For those who hope, however - as I do - that the Board will still opt to commit perhaps a smaller amount to buying back shares, the Moti-for-Zvi CEO change should help our chances. Also, if the restriction on the buyback has now been lifted with this deal announcement, then it would also apply to management buying shares in the market, so perhaps we will see a few transactions along those lines as well in the near-ish future.

[paulisi] 18/10/2022 07:41

Good news - need a few more big boys to follow suit.Hopefully the buyers will start to believe and buy in, but not expecting to much movement in the next couple of days.

[echoridge] 18/10/2022 07:27

Let's see if the buyer who's been lurking around buying small amounts every day steps up and starts to get serious

[oakville] 18/10/2022 07:22

David Tomalin, Group CTO of CityFibre, added: "To support our digital transformation initiative, we selected BATM as a trusted customer edge compute partner that combines a strong innovation culture with a proven track record of virtualised edge device management at scale. Based on the strength of engagement, testing and market feedback from our Partner channel, we look forward to the innovation journey and improved customer experience powered by a virtualised customer edge compute platform."

[oakville] 18/10/2022 07:19

Hopefully the last time we ever trade in the 20p's. Glad I have used profits from elsewhere and spare funds to buy some over the past 5 weeks...

[resistance1] 18/10/2022 07:16

This is fantastic news that we all have waited and hoped for. Looking to see if the markets understand the opportunity (and potential revenue) that this now represents. The faith that we have shown has been rewarded.

[kooba] 18/10/2022 07:15

Great news ..getting the first big adopter always difficult so major vote of confidence even as the piloting programme continues in the product. Will be easier to get through the door elsewhere with this kind of customer on board.

[wizzkid211] 18/10/2022 07:11

vodafone next?

[wizzkid211] 18/10/2022 07:06

The Group expects the number of end point deployments to be rapidly expanded to tens of thousands per year and believes the financial value of this partnership to the Group will grow substantially in the near-term as the volume of licences increases.

[wizzkid211] 18/10/2022 07:01

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

Tuesday 18 October 2022

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

RNS Number : 1759D

BATM Advanced Communications Ld

18 October 2022

LEI: 213800FLQUB9J289RU66

18 October 2022

BATM Advanced Communications Limited

("BATM" or "the Group")

BATM signs multi-year contract with CityFibre for Edgility

The UK's largest independent carrier-neutral Full Fibre platform commercially adopts the Group's virtual network and edge compute solution following successful pilot

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 signed a multi-year contract with CityFibre, the UK's largest independent carrier-neutral Full Fibre platform, to begin the deployment of its Edgility virtual networking and edge compute solution, with this initial order expected to be worth $3.5 million. BATM expects this order to be rapidly followed by a substantial expansion in deployments as CityFibre rolls out Edgility to its full network.

As announced on 11 July 2022, CityFibre is piloting Edgility to test onboarding and in-life journeys for CityFibre's partners. Based on significant progress in the pilot phase, CityFibre is now proceeding to a scaled national roll-out, which will be implemented alongside the piloting project that continues to gather insight to support the national roll-out.

CityFibre is replacing its hardware-based customer premise routing equipment with a virtualised solution based on small-footprint white-box appliances (a multi-purpose device) operated by Edgility. For the initial order, as CityFibre begins the process, BATM will receive recurring licence fees for a five-year period plus certain hardware sales estimated to be worth a total of $3.5 million. The Group expects the number of end point deployments to be rapidly expanded to tens of thousands per year and believes the financial value of this partnership to the Group will grow substantially in the near-term as the volume of licences increases.

CityFibre builds and operates high quality Full Fibre digital infrastructure that enables wholesale customers to provide broadband, ethernet and 5G services. It serves over 1,500 business and consumer service provider partners. CityFibre recently completed one of Europe's largest ever Full Fibre financings with a GBP4.9 billion debt raise for a programme to bring Full Fibre infrastructure to up to 8 million premises, covering a third of the UK market, spanning 285 cities, towns and locations by 2025. Network construction is currently underway in over 60 cities with services live in more than 45 locations.

Dr. Zvi Marom, CEO of BATM, said: "When it comes to upgrading their networks, organisations are increasingly shifting from hardware-based to software-based solutions to enjoy the significant gains in efficiency as well as reducing their environmental impact. The commercial adoption of Edgility by CityFibre is a great validation of our technology, which we expect will lead to further orders from other businesses. This contract also has significant revenue potential with the prospect of expanding to cover CityFibre's entire infrastructure. We are very excited to be supporting them on their journey as they continue to rollout their full fibre network across the UK and look forward to working together to innovate service provision."

David Tomalin, Group CTO of CityFibre, added: "To support our digital transformation initiative, we selected BATM as a trusted customer edge compute partner that combines a strong innovation culture with a proven track record of virtualised edge device management at scale. Based on the strength of engagement, testing and market feedback from our Partner channel, we look forward to the innovation journey and improved customer experience powered by a virtualised customer edge compute platform."

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