21st Mar 2006 07:03
BATM Advanced Communications Ld21 March 2006 BATM Signs an OEM Agreement with a New Global Network Supplier London, 21st March 2006, BATM Advanced Communications (LSE: BVC), a leadingdesigner of broadband data and telecoms systems, announces the signing of an OEMagreement with a new global network supplier. Under the agreement BATM will commence delivering advanced access equipmentwhich will be offered by its new customer worldwide, during the latter part ofthe current year. Whilst no precise values for the new contract have been defined at this stage,BATM believes that the agreement has a likely value of several million USdollars on a full annual basis. The new relationship will enable BATM to entermarkets to which it had no direct access so far. Dr. Zvi Marom, Chief Executive of BATM, said: "I am delighted that an importantnew agreement has been signed, earlier than anticipated, with a distinguishedand very professional global supplier. BATM is rapidly becoming a significantsupplier to a number of the most important companies in the telecoms sector andthis new partnership provides a further underpinning of our growth prospects". Enquiries: Amira BardichevGlobal Equity IRT. +44-7956-206270Amira@global-equity-ir.co.ukwww.global-equity-ir.co.uk About BATM Advanced Communications BATM is a world leader in the design and supply of IP packet-based systems suchas high-capacity, self-routing switches with extensive QoS capabilities. Formore information, visit the BATM Advanced Communications web site atwww.batm.com Telco Systems is a wholly owned subsidiary of BATM Advanced Communications Basedin Foxboro, Massachusetts; the company provides industry-leading networkingsolutions to the carrier and enterprise markets. Telco Systems' focus is tomaximize the power of customers' networks by integrating transport, access, andpacket technologies onto industry-leading platforms, therefore fully meetingtoday's and tomorrow's network requirements. For more information, visit theTelco Systems web site at www.telco.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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