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Pin to quick picksBatm Advanced Share News (BVC)

Share Price Information for Batm Advanced (BVC)

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Share Price: 18.40
Bid: 18.05
Ask: 18.95
Change: -0.50 (-2.63%)
Spread: 0.90 (4.986%)
Open: 18.95
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Low: 18.40
Prev. Close: 19.00
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BATM Expands Cyber Security Offering And Receives Follow-On Contract

Mon, 07th Oct 2019 12:24

(Alliance News) - BATM Advanced Communications Ltd on Monday reported the enhancement of its cyber security offering to make it compatible with software design company Arm Holdings architecture.

The data and telecommunications technology provider said it has enhanced its T-Sense product - a software-based smart network sensor that is able to discover and classify network devices, applications, services and activities over the network - so that it is compatible with Arm architecture as well as Intel Corp-based platforms.

This enhanced product will be available to customers in 2020, BATM said.

In addition, BATM said it has received another follow-on contract from its long-standing but undisclosed government defence department customer.

This new order, which has a value of USD600,000 and will mostly be delivered in 2019, is for enhancements to the software cyber security products that the customer previously bought from BATM.

"These enhancements to our T-Sense solution to make it compatible with Arm architecture will allow our customers to leverage access to all major IT infrastructures and expands our addressable market," said Chief Executive Zvi Marom.

"We continue to receive increasing demand for our cyber solution and expect more orders this year," added Marom.

BATM shares were trading 2.5% lower on Monday in London at 38.70 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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