Business
First International Agri-Waste Treatment Contract
First International Agri-Waste Treatment Contract.
About this update from Batm Advanced Communications Ltd.
[{"type":"text","content":"\n \nRNS Number : 8095R BATM Advanced Communications Ld 05 March 2019 \n\nLEI: 213800FLQUB9J289RU66\n \n5 March 2019\n \nBATM Advanced Communications Limited\n(\"BATM\" or \"the Group\")\n \nBATM signs first international customer for agri-waste treatment solution\nNew $1.5m contract with a company of a major food manufacturing group in the Philippines \n \nBATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that it has been awarded a contract by a company that is part of a major food manufacturing group in the Philippines for the Group's agri-waste treatment solution - representing the Group's first customer for this solution outside of Israel. The contract is worth approximately $1.5m (€1.33m), with 40% paid on signing. It is expected to be delivered in 2019. \n \nThe contract is for the supply and installation of a unit of the Group's agri-waste treatment solution at a poultry processing facility. Under the terms of the contract, the Group's proprietary solution, which is based on its Integrated Sterilizer and Shredder technology (\"ISS\"), will be used in the rendering process, allowing the safe treatment of poultry remains to generate valuable proteins. The advantage of using BATM's solution is that the treatment of the poultry remains is carried out onsite without the use of any hazardous materials, chemicals or methods and without producing any environmental hazards or damage, including odour.\n \nDr Z...