Embargoed for release at 7.00am, 26 March 2004
BATM Advanced Communications Limited
Global distribution agreement signed with leading telecoms infrastructure
supplier and integrator
BATM Advanced Communications Limited (LSE: BVC), a leading designer and
producer of broadband data and telecoms systems, announces that it has signed a
global distribution agreement with a leading European telecoms infrastructure
supplier and integrator.
Under the terms of the agreement, the integrator has agreed to sell BATM's
T-series IP switching and access products as part of its telecoms
infrastructure bids. The parties already have teams working to define new
products to address the needs of different customers. The parties expect to
make further details available following a successful outcome of a joint bid.
Dr Zvi Marom, Chief Executive of BATM, said:
'We are extremely excited by this agreement and are already working with this
firm on a number of major bids around the globe. The management of BATM is of
the view that this arrangement could reap significant financial rewards for
BATM assuming we are successful in winning any of these bids. We are now
gaining access to several sizeable customers on a scale that we have never seen
before.'
Enquiries:
BATM Advanced Communications 020 7831 3113
Dr Zvi Marom, Chief Executive
Ofer Bar Ner, Chief Financial Officer
Dresdner Kleinwort Wasserstein 020 7623 8000
Mark Smith
Shore Capital 020 7408 4090
Graham Shore
Financial Dynamics 020 7831 3113
James Melville-Ross