16th Dec 2009 07:00
BATM Advanced Communications Limited ("BATM" or the "Company")
Contract to develop and supply military communication equipment
BATM (LSE: BVC), a leading designer and producer of broadband data and telecom systems, is delighted to announce that after four years of rigorous testing, it has received an order from a prominent defence force. The contract is for the development and supply of a modified version of the Company's new generation of secure, high speed access platform.
BATM will be the sole supplier of such platforms to this customer.
The contract is valued at approximately USD 5 million for the years 2010-2011, however, it is expected that additional equipment orders will follow the initial deployment. The Company also expects the order to become an important reference for other defence forces.
Dr. Zvi Marom, Chief Executive of BATM, commented:
"This customer's decision to use BATM's products, after a period of rigorous testing, is yet further proof of the technology leadership that BATM has increasingly demonstrated in the last few years. Military communications, by their very nature, need to be the best of breed and we are confident that this contract will pave the way for future opportunities for BATM, from both military and homeland security customers."
Enquiries:
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BATM Advanced Communication Limited |
+972 9866 2525 |
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Dr Zvi Marom, Chief Executive |
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Threadneedle Communications |
020 7653 9850 |
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Josh Royston / Graham Herring |
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Singer Capital Markets Ltd |
020 3205 7500 |
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Nicholas How |
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Shore Capital |
020 7408 4090 |
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Graham Shore |
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