7 March 2017
BATM Advanced Communications Limited
("BATM" or "the Group")
BATM launches World's first Mobile Agri-Waste Solution and Wins $2.5m Contract
BATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, is pleased to announce that its Pathogenic Waste Treatment and Sterilisation unit has launched the world's first mobile agri-waste treatment solution and has been awarded a contract worth $2.5m. BATM has received an advance payment of $1m with delivery of the product expected to commence during H2 2017 and due to complete in Q1 2018.
The contract is for the delivery of a mobile unit giving the customer the ability to deploy the solution for the safe disposal of mass poultry affected by disease and illness. Poultry affected by disease and illness cannot be transported from their location and are disposed of on-site either via burning or burial. The treatment process is completely eco-friendly with no hazardous materials or chemicals used and creates no odour.
This order follows the successful installation and operation over the last several months of an agri-waste treatment solution at a major rendering site. BATM received two significant orders for stationary units, one for treating poultry and another contract to treat bovine remains. Both contracts are advancing well with full commercial deployment of the first one expected in H1 2017.
BATM's agri-waste treatment solutions utilise the Group's proprietary medical sterilisation solution ("ISS") in the rendering process, allowing the safe treatment of animal remains to generate valuable protein and fat. These proteins and fats can be used for animal or fish food and provide an additional source of revenue for the Group's customers.
Dr. Zvi Marom, CEO of BATM, said: "We are very pleased to have received this significant order for our mobile agri-waste treatment solution from such a major customer. Our agri-waste solution is unique and, in addition to its cost advantages and savings, provides a perfect ecological solution. We believe that making our solution mobile presents our customers with a new, efficient and eco-friendly way of dealing with animal diseases.
"Our ISS technology has become the leading biologic and pathogenic waste solution in the medical market and is now deployed by more than 400 hospitals. As demonstrated by our agri-waste solutions, we are finding new applications for this technology on a much larger scale in both the biopharma and agricultural fields. Our ISS solution recently received a patent in the US and we expect our agri-waste solution to do the same in due course.
"BATM management expects to receive more orders based on the ISS technology this year."
Enquiries:
BATM Advanced Communications |
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Dr Zvi Marom, Chief Executive Officer |
+972 9866 2525 |
Moti Nagar, Chief Financial Officer |
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finnCap |
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Stuart Andrews, Scott Mathieson |
+44 20 7220 0500 |
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Shore Capital |
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Mark Percy, Anita Ghanekar |
+44 20 7408 4050 |
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Luther Pendragon |
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Harry Chathli, Claire Norbury |
+44 20 7618 9100 |
