16th Apr 2019 12:06
LONDON (Alliance News) - Networking and medical technology firm BATM Advanced Communications Ltd has signed a new contract with an unnamed armed forces, it said Tuesday.
BATM's USD2 million contract is for cyber security and networking services, it said, and it is the first time it will deliver the two together.
The customer is also new, BATM added, and the contract will last an initial 18 months.
Chief Executive Zvi Marom commented: "We are pleased to have been awarded this contract by a new customer for a solution that is a unique combination of our cyber security and networking solution, demonstrating the interconnection within our business and that BATM's value is more than the sum of its parts.
"The award of the contract follows a thorough, very demanding and lengthy proof-of-concept trial where the customer tested several solutions from major suppliers and decided on our solution based on its superior offer," he continued.
"Receiving this contract from the armed forces is also validation that our solution can meet the most stringent security requirements. We look forward to delivering this project and to expanding our relationship with this customer as we expect further orders in due course."
BATM shares were 0.2% higher on Tuesday at a price of 47.40 pence each.
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