Business
Contract to develop & supply
Contract to develop & supply.
About this update from Batm Advanced Communications Ltd.
[{"type":"text","content":"\n RNS Number : 1830E BATM Advanced Communications Ld 16 December 2009 \n \n\nBATM Advanced Communications Limited (\"BATM\" or the \"Company\")\n \nContract to develop and supply military communication equipment\n \nBATM (LSE: BVC), a leading designer and producer of broadband data and telecom systems, is delighted to announce that after four years of rigorous testing, it has received an order from a prominent defence force. The contract is for the development and supply of a modified version of the Company's new generation of secure, high speed access platform. \n\nBATM will be the sole supplier of such platforms to this customer.\n\nThe contract is valued at approximately USD 5 million for the years 2010-2011, however, it is expected that additional equipment orders will follow the initial deployment. The Company also expects the order to become an important reference for other defence forces.\n\nDr. Zvi Marom, Chief Executive of BATM, commented: \n\"This customer's decision to use BATM's products, after a period of rigorous testing, is yet further proof of the technology leadership that BATM has increasingly demonstrated in the last few years. Military communications, by their very nature, need to be the best of breed and we are confident that this contract will pave the way for future opportunities for BATM, from both military and homeland security customers.\"\n\nEnquiries:\n\n\n\n\n\nBATM Advanced Communication Limited\n\n\n+972 9866 2525\n\n\n\n\nDr Zvi Marom, Chief Executive\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThreadneedle Communications \n\n\n020 7653 9850\n\n\n\n\nJosh Royston / Graham Herring\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSinger Capital Markets Ltd\n\n\n020 3205 7500\n\n\n\n\nNicholas How\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nShore Capital\n\n\n020 7408 4090\n\n\n\n\nGraham Shore\n\n\n\n\n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END CNTUVSWRKSRUAAA \n ","length":5991,"tagName":"div"}]