Business
BATM receives $3.4m cyber security contract
BATM receives $3.4m cyber security contract.
About this update from Batm Advanced Communications Ltd.
[{"type":"text","content":"\n\nLEI: 213800FLQUB9J289RU66\n6 September 2023\n \nBATM Advanced Communications Limited\n(\"BATM\" or \"the Group\") \n \nBATM receives $3.4m cyber security contract\n \nBATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that it has received a new cyber security contract, with a value of $3.4m. The contract is for the provision of the Group's advanced software-based cyber solution to its long-standing government defence department customer. \n \nThe Group will commence delivery of the contract immediately, which is expected to complete within two years. This latest significant cyber contract follows the award of a $26m order earlier this year, and the Group continues to expect to receive further cyber contracts in the near term. \n \nMoti Nagar, Chief Executive Officer of BATM, said: \"We are very pleased to have received another significant contract for our best-in-class cyber security solutions, and only eight months after receiving our last substantial order. More and more, governments and businesses require cyber security options that are able to defend against increasingly sophisticated threats, and our continued momentum in this area of the business underscores the confidence in our ability to provide these solutions. We are very excited about the future of our cyber security business, particularly as we look to expand the applications of our cyber offerings and expect further positive news in the near future.\"\n \n \nEnquiries:\n \n\n\n\nBATM Advanced Communications\n\n\n\n\n\n\n\nMoti Nagar, Chief Executive Officer\n\n\n+972 9866 2525 \n\n\n\n\nRan Noy, Chief Financial Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nShore Capital\n\n\n\n\n\n\n\nMark Percy, Anita Ghanekar, James Thomas (Corporate Advisory)\n\n\n+44 20 7408 4050 \n\n\n\n\n\n\n\n\n\n\n\n\nGracechurch Group\n\n\n\n\n\n\n\nHarry Chathli, Claire Norbury\n\n\n+44 20 4582 3500\n\n\n\n \nForward-looking statements \n \nThis document contains forward-looking statements. Those statements reflect the current opinions, evaluations and estimations of the Group's management, and are based on ...