Buy27 Aug 2020 14:04
BATM Advanced Communications Limited (LON:BVC) has signed its first tier-1 customer for its NFVTime virtual networking solution.
The customer is a leading telecommunications provider to multi-national enterprises and communication service providers globally and is headquartered in Asia. It has entered a three-year licensing agreement, having carried out a successful proof-of-concept trial.
BATM, which specialises in real-time technologies for computer networks, said the customer will use its NFVTime operating system to create virtual networks for customers and for operators that its services on a wholesale basis.
BATM will receive a licence fee for a minimum of three years for each deployment of NFVTime, with a separate deployment required for each end customer (whether direct or via an operator) that adopts the solution.
"This agreement represents the achievement of a fundamental milestone in the execution of our NFV strategy, and is something we have been working towards for several years,β said Zvi Marom, the chief executive officer of BATM.
βIt follows a successful proof-of-concept, like what we recently announced with Vodafone and Arm as well as many others, and we are making good progress towards the potential contract stage with those as well. We believe this agreement and the NFV market will prove lucrative for BATM,β he added