BATM Advanced Communications Ld
21 May 2007
BATM Advanced Communications Limited
BATM signs agreement with major Japanese distributor
BATM Advanced Communications Limited (LSE: BVC) ('BATM'), a leading designer of
broadband data and telecoms systems, announces that it has signed a distribution
agreement with CTC, one of the largest distributors to the Japanese technology
market.
Having passed all of CTC's rigorous technical testing processes, CTC will now
distribute BATM's products and solutions through its sales channels, which
achieved revenues of 294bn Yen (circa £1bn) for the year ended 31 March 2007.
CTC is currently the number one vendor to the Japanese market of Sun
Microsystems, EMC, Avaya, Hewlett Packard, Network Appliances, Symantec and
various BEA Systems' Weblogic applications, as well as the number two vendor of
Cisco Systems.
Deployment of BATM's products is expected to commence towards the end of this
year and is unlikely therefore to have a material impact on this year's trading.
Dr. Zvi Marom, Chief Executive of BATM, said: 'Japan represents the second
largest market in the world's technology industry and we are delighted to have
signed this agreement with CTC. Whilst we have been in discussions with the
company for some months the decision to distribute BATM's products came much
sooner than we could have anticipated, which is testament to the outstanding
quality of our offering. This agreement means that BATM now has a truly global
reach into the most exciting markets worldwide.'
Enquiries:
BATM Advanced Communications +972 9 866 2525
Dr Zvi Marom, Chief Executive
Threadneedle Communications +44 20 7936 9605
Graham Herring / Josh Royston
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
Telco Systems is a wholly owned subsidiary of BATM Advanced Communications Based
in Foxboro, Massachusetts; the company provides industry-leading networking
solutions to the carrier and enterprise markets. Telco Systems' focus is to
maximize the power of customers' networks by integrating transport, access, and
packet technologies onto industry-leading platforms, therefore fully meeting
today's and tomorrow's network requirements. For more information, visit the
Telco Systems web site at www.telco.com
This information is provided by RNS
The company news service from the London Stock Exchange