30th Oct 2023 10:47
(Alliance News) - BATM Advanced Communications Ltd on Monday said it has won a new cyber security order, worth USD3 million.
BATM is a Hod Hasharon, Israel-based provider of real-time technologies for networking solutions and medical laboratory systems.
The order is for the provision of BATM's hardware and software-based cyber solution to a long-standing government defence department customer, which it didn't name.
BATM said it expects to complete delivery of most of the order within the next six months.
BATM noted that the latest cyber order follows the award of one worth USD3.4 million in September and a USD26 million order earlier in the year.
Chief Executive Officer Moti Nagar said: "We are pleased to be awarded another significant order for our cyber security solution, which brings the total amount of cyber orders received this year to over USD32 million. As we ramp up delivery under our existing orders and continue to receive new orders for our best-in-class cyber solution, we remain very confident in the prospects for this business and we look forward to reporting further progress."
Shares in BATM were down 2.0% to 20.19 pence each in London on Monday morning.
By Sophie Rose, Alliance News reporter
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