LEI: 213800FLQUB9J289RU66

12 May 2025

BATM Advanced Communications Limited

("BATM" or "the Group") 

BATM receives new order for the development of a next-generation ultra-high speed encryption platform

BATM (LSE: BVC; TASE: BVC), a global provider of advanced network infrastructure, cybersecurity and diagnostic technologies, is pleased to announce that it has received a further order from its long-standing customer for the development of a next-generation encryption solution that will be capable of supporting network speeds well beyond what is currently available in the market.

This order, which amounts to $1.5m, is to extend the work that the Group commenced last year to develop an encryption solution with advanced capabilities. It is designed to address the risks posed by quantum computing, which includes functionality related to next-generation ultra-high speed encryption and post-quantum cryptography. The Group expects to receive additional orders from the customer for this development work. The Group also intends to apply similar functionality to its encryption solution for the commercial markets, which will be a key differentiator for BATM's platform.

Moti Nagar, Chief Executive Officer of BATM, said: "Our best-in-class encryption platform, which is quantum-era-ready, has significant computer processing power, but in an ever-evolving technology landscape, we need to constantly innovate. With the support of our customer, we are developing a next-generation, ultra-high speed network encryption solution - one that will be capable of supporting network  speeds well beyond what is currently available in the market. This capability will significantly differentiate our platform for both government and commercial markets and provide us with a key competitive advantage that we believe will drive strong demand. We look forward to launching this capability, which we expect will make an important contribution to our growth in these markets."

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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.