BATM Advanced Communications Ltd - Hod Hasharon, Israel-based networking and medical technology company - Wins a government cyber security order, worth USD26 million. The order is to be delivered within a maximum period of five years and will begin this year. Says the order is from BATM's "long-standing government defence department customer", which it doesn't name, and is for the supply of BATM's network cyber platform that integrates advanced equipment and software. "It enables the deployment of secure networking in mission critical and national scale networks, to prevent cyber-attacks and the leak of confidential data," BATM adds.
"This order is for our latest equipment that offers industry-leading advanced protection, reflecting the continued expansion and commercialisation of our wide IP portfolio," Chief Executive Moti Nagar comments. "As governments and companies face increasingly pervasive cyber security threats from a broad range of actors, we expect to continue to receive more orders for our cyber products and demand to remain strong as we progress through 2023 and beyond."
Current stock price: 32.60 pence, up 5.2% in London on Monday morning
12-month change: down 59%
By Sophie Rose, Alliance News reporter
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Batm Advanced (BVC)