BATM Advanced Communications Ld New contract for ICT network in Australia
02 November 2016 - 7:00AM
RNS Non-Regulatory
TIDMBVC
BATM Advanced Communications Ld
02 November 2016
2 November 2016
BATM Advanced Communications Limited
("BATM" or "the Group")
BATM awarded multi-year contract for ICT network solution in
Australia
BATM Advanced Communications Limited (LSE: BVC), a leading
provider of real-time technologies for networking solutions and
medical laboratory systems, announces that its wholly-owned Telco
Systems ("Telco") subsidiary has been awarded a contract, by a
major provider of high-speed network and ICT services to education
and research facilities in Australia (the "Customer"), to provide a
managed MPLS solution.
The contract, which was awarded after a successful
Proof-Of-Concept (POC), is expected to be worth between
US$1.5m-US$2.25m to be delivered over a three-year period,
commencing in November 2016. There is also an option for it to be
extended to five years with the potential for additional orders of
at least the same magnitude.
The Customer's network connects education and research
institutions throughout Australia as well as with their global
peers - facilitating collaboration nationwide and internationally.
Under the terms of the contract, the Group will provide its
aggregation and demarcation products and services to upgrade the
existing network, and replace the two incumbent global technology
providers.
Dr. Zvi Marom, CEO of BATM, said: "We are delighted to have been
awarded this contract, which reflects our ability to offer a
high-quality solution that is flexible and can adjust to the
network needs of the Customer. They are renowned architects,
builders and operators of world-class network infrastructure for
research and education so we are honoured that they have chosen our
solutions, and we look forward to a long-term partnership. We
believe that the decision of this reputable customer to choose our
solution following their POC will encourage other customers that
are currently going through a similar process."
Enquiries
BATM Advanced Communications
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Dr Zvi Marom, Chief Executive
Officer +972 9866 2525
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Moti Nagar, Chief Financial
Officer
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finnCap
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Stuart Andrews, Scott Mathieson +44 20 7220 0500
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Luther Pendragon
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Harry Chathli, Claire Norbury +44 20 7618 9100
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This information is provided by RNS
The company news service from the London Stock Exchange
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November 02, 2016 03:00 ET (07:00 GMT)