BATM Advanced Communications Ld
26 July 2007
BATM Advanced Communications Limited
AGM Statement and Trading Update
At the Company's Annual General Meeting to be held today, Peter Sheldon,
Chairman of BATM, will make the following statement:
'I am delighted to announce that the positive start to the current year,
referred to in my statement accompanying the 2006 Accounts, has continued
through the first half of 2007, where we have seen strong demand for our
products across all of our sales channels and a continuing strong order book.
We expect our interim results for the six months ended 30 June 2007 to show a
turnover increase, over the comparable period last year, in the region of 15%
to around $40 million and present indications are that second half turnover
should exceed this level.
Following our announcement on 21 May 2007 of a distribution agreement with one
of Japan's largest technology distributors I can also announce further progress
in the Japanese market. I can inform shareholders that, following successful
rigorous trials, we have recently received an initial order for a pilot
programme for Japan's largest telecom operator. Successful completion of the
pilot, which will have a small but positive impact on our second half, should
lead to substantial future orders and a far greater presence for BATM in the
highly lucrative Far East market.
We remain confident that we will make further progress this year and with other
new contracts, previously announced, due to impact in 2008, our medium term
prospects are well secured.'
Enquiries:
BATM Advanced Communications +972 9 866 2525
Dr Zvi Marom, Chief Executive
Threadneedle Communications +44 20 7936 9605
Graham Herring / Josh Royston
Shore Capital and Corporate +44 20 7408 4090
Graham Shore
Kaupthing Singer and Friedlander Capital Markets ltd +44 20 3205 5000
Nicholas How / Marc Young
About BATM Advanced Communications
BATM is a world leader in the design and supply of IP packet-based systems such
as high-capacity, self-routing switches with extensive QoS capabilities. For
more information, visit the BATM Advanced Communications web site at
www.batm.com
This information is provided by RNS
The company news service from the London Stock Exchange