(Alliance News) - BATM Advanced Communications Ltd on Monday said that it has been awarded another contract from Cemex SAB for its Edgility edge computing and virtual networking solution. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
BATM Advanced Communications Ltd - Israel-based provider of technology for networking solutions and medical laboratory systems - Pretax profit is USD1.5 million in 2023, down 23% from USD1.9 million in 2022. Revenue rises 5.8% to USD122.8 million from USD116.1 million, but operating expenses increase by 9.8% to USD38.2 million from USD34.8 million. Looking ahead, BATM says it entered 2024 with positive momentum in its core activities. It plans to focus on these, and a build-up of its sales team to do so contributed to the higher operating expenses last year. It also will explore the sale of secondary businesses. Its Cyber division has a significant backlog to be delivered in the current year and beyond, BATM says. Read More
(Alliance News) - BATM Advanced Communications Ltd on Monday said it has won a new cyber security order, worth USD3 million. Read More
(Alliance News) - Stocks in London are expected to start the week on a more optimistic note, as investors look ahead to central bank decisions and weigh up the potential risk from developments in the Middle East. Read More
BATM Advanced Communications Ltd - Hod Hasharon, Israel-based provider of real-time technologies for networking solutions and medical laboratory systems - Announces that ADOR Diagnostics Ltd, an associate company of the group, has secured an investment of USD7.5 million, of which BATM is contributing USD3.5 million. Explains half of the investment is being made on the signing of the investment agreement and the remainder will be paid on the completion of milestones over the next six months. Notes following this investment, BATM's shareholding in ADOR will increase to 43.6%. Moti Nagar, chief executive says: "We are very excited about the groundbreaking potential of ADOR, which has a technology that is set to truly disrupt the molecular diagnostics market - and is backed by a strong and growing international patent portfolio." Read More
(Alliance News) - BATM Advanced Communications Ltd on Monday said it secured an expanded, five-year order from NGA 911 LLC for its Edgility computing platform. Read More
BATM Advanced Communications Ltd - Hod Hasharon, Israel-based provider of real-time technologies for networking solutions and medical laboratory systems - Confirms it does not expect the recent developments in Israel to have a material impact on trading. On Sunday, Prime Minister Benjamin Netanyahu warned Israel to prepare for a "long and difficult" conflict, a day after Palestinian militant group Hamas launched a surprise assault from Gaza. At least 700 Israelis have been killed since Hamas launched its large-scale attack, according to the Israel Defence Forces on Monday. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
(Alliance News) - BATM Advanced Communications Ltd on Wednesday said that it has received a new cyber security contract, valued at USD3.4 million. Read More
BATM Advanced Communications Ltd - Israel-based networking technology and medical lab systems - Pretax profit rises 19% to USD726,000 in first half of 2023 from USD611,000 a year before. Revenue rises by just 4.7% to USD60.2 million from USD57.5 million, but BATM swings to net finance income from expense. On an adjusted basis, pretax profit doubles to USD2.3 million from USD1.0 million. Says strategic review conducted during the recent half-year established the Networking, Cyber and Diagnostic lines of business as BATM's core activities, with divestment of the Distribution and Eco-Med businesses possible. Looking ahead, BATM said it expects to report growth for all of 2023 in line with market expectations. Says it enters the second half of the year in a better position in terms of revenue momentum and backlog than a year before, with all business units expected to see revenue increases in the second half. Read More
BATM Advanced Communications Ltd - Hod Hasharon, Israel-based networking and medical technology company - Says "a leading provider of emergency connectivity services in North America" has awarded it a five-year contract for its Edgility edge computing platform. This is the first time Edgility will be used to support critical public infrastructure. Customer will use the platform to deliver the call-handling system for 911 Emergency Services and the 988 National Suicide Prevention & Mental Health Crisis Lifeline across a major US State. BATM says using Edgility will facilitate enhanced responsiveness and faster call resolution times, and reduce the need for additional hardware. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - BATM Advanced Communications Ltd on Monday reported a plunge in full-year profit and revenue as demand dropped for Covid-19 products, but expects revenue to up by a double-digit percentage in new year. Read More
BATM Advanced Communications Ltd - Hod Hasharon, Israel-based networking and medical technology company - Wins a government cyber security order, worth USD26 million. The order is to be delivered within a maximum period of five years and will begin this year. Says the order is from BATM's "long-standing government defence department customer", which it doesn't name, and is for the supply of BATM's network cyber platform that integrates advanced equipment and software. "It enables the deployment of secure networking in mission critical and national scale networks, to prevent cyber-attacks and the leak of confidential data," BATM adds. Read More
(Alliance News) - BATM Advanced Communications Ltd on Thursday announced a multi-year contract with CityFibre Holdings Ltd, and expects multi-million dollar sales of diagnostic products. Read More