Business
Mobile agri-waste solution extension order
Mobile agri-waste solution extension order.
About this update from Batm Advanced Communications Ltd.
[{"type":"text","content":"\n \nRNS Number : 6230G BATM Advanced Communications Ld 31 May 2017 \n\n31 May 2017\n \nBATM Advanced Communications Limited\n(\"BATM\" or \"the Group\")\n \nBATM awarded $1.1m extension order to first Mobile Agri-Waste Solution contract \n \nBATM 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 Eco-Med (formerly 'Pathogenic Waste Treatment and Sterilisation') unit has received an extension order to its contract, originally announced on 7 March 2017, for the delivery of the world's first mobile agri-waste treatment solution, which the Group launched this year.\n \nThe extension order is worth $1.1m, with 25% upfront payment, which increases the total value of the contract to $3.6m. Delivery will commence later this year, with revenue recognised as the project advances, and is due to complete over the next six months.\n \nThe extension order is for the delivery of a stationary unit, to complement the mobile unit that is being delivered under the original contract, to enable the customer to deploy the solution for the safe disposal of mass poultry affected by disease and illness more quickly and more efficiently. \n \nPoultry affected by disease and illness cannot be transported from their location and are disposed of on-site. 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. The treatment process is completely eco-friendly with no hazardous materials or chemicals used and creates no odour.\n \nThis is the Group's third significant order for a stationary agri-waste treatment unit. The initial two contracts - for treating poultry and bovine remains - are both advancing well. \n \nDr. Zvi Marom, CEO of BATM, said: \"We are very pleased to have received another order for our unique agri-waste treatment solution, which, in addition to its cost advantages and savings, provides a perfect ecological solution. This order strengthens our belief that as customers increasingly learn of the advantages of our products, they will adopt them as their preferred solution.\n \n\"With the ...