BATM receives $3m cyber security order

LEI: 213800FLQUB9J289RU66

30 October 2023

BATM Advanced Communications Limited

("BATM" or the "Group")

BATM receives $3m cyber security order

BATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that it has received a new cyber security order, with a value of $3m. The Group expects to complete delivery, which commences immediately, of most of the order within six months.

The order is for the provision of the Group's advanced hardware and software-based cyber solution to its long-standing government defence department customer. This latest significant cyber order follows the award of $3.4m in September and a $26m order earlier in the year.

Moti Nagar, Chief Executive Officer of BATM, 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 $32m. 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."

Enquiries

Forward-looking statements  

This document contains forward-looking statements. Those statements reflect the current opinions, evaluations and estimations of the Group's management, and are based on the current data regarding the Group's business as is detailed in this document and in the Group's periodical, interim and immediate reports. The Group does not undertake any obligation or make any representation that actual results and events will be in line with those statements, and stresses that they may differ materially from those statements, due to changes in the Group's business, market, competition, demand for the Group's products or services, general economic factors or other factors that can influence the Group's business and results, due to the risk factors that are detailed in the Group's Annual Report, and due to information and factors that are currently unknown to the Group's management and that, if known, would affect the management's opinions, evaluations or estimations. The Group will report the actual results and events according to its legal, accounting and regulatory obligations, and does not undertake any other obligation to report them or their deviations from the forward-looking statements, or to update any of the forward-looking statements in this document or to report that it is not valid anymore.