LEI: 213800FLQUB9J289RU66

10 November 2021

BATM Advanced Communications Limited

("BATM" or "the Group")

BATM receives $3.5m cyber security contract

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that it has been awarded a cyber security contract worth $3.5m and expects to receive the full value in 2022.

The contract is with the Group's long-standing government defence department customer. The Group will provide hardware and software as part of its network cyber security solution.

Dr Zvi Marom, CEO of BATM, said: 

"We are delighted to have received a further order for this cyber solution from our long-standing defence department customer as the momentum in this part of the business continues. In the last five months, we've been awarded over $17m in cyber contracts as governments resume investment in cyber solutions following the temporary diversion of resources during the pandemic. We believe we have a unique best-in-class solution, but at the same time we continue to innovate to expand the applications of our cyber products. We remain very excited for the prospects of our cyber business and expect further orders in the near future."  

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