New Simon Thompson IC Tip9 Mar 2020 13:34
Thanks to Patsy on ADVFN for flagging this up:
"Simon Thompson an hour ago
Coronavirus winners
Simon Thompson
BATM Advanced Communications (BVC:41.5p), a provider of medical laboratory systems, cyber security and network solutions with extensive operations in Israel, has successfully developed a new diagnostics kit to detect COVID-19.
The kit has undergone testing by several central laboratories and hospitals that have now verified its ability to diagnose the virus. BATM has commenced production at its Adaltis facility in Rome and is working with academic and research institutions, mainly in Europe, to progress the product to make it at a price point suitable for large scale commercial production. Importantly, it supports all the Centers for Disease Control and Prevention (CDC) recommendations, and has received interest from customers in several countries. The kit can be used with the company’s diagnostic instruments and also with some competing diagnostic instruments.
It’s worth noting, too, that BATM holds a valuable 38 per cent stake in Ador Diagnostics, a company that is developing a new molecular diagnostic bench-top analyser that is able to probe 100 targets in a single proprietary carbon array, or 16 times more than existing products on the market. It is being targeted at screening for hospital-acquired infections such as MRSA and C. Diff, and to identify tropical infections in travellers returning home with fevers. Ador has received its first commercial order (for the identification of meningitis) from a leading Italian distributor of molecular and genomics products. It will be delivered in the second half of this year. COVID-19 is now included within the heavily patented Ador suite of testing kits, thus further enhancing its appeal.
The news adds further shine to BATM’s annual results which revealed a doubling of operating profit to US$5.3m on 3 per cent higher revenue of US$123m, buoyed by a barn storming second half that led to a substantial order backlog for 2020. The order flow has been strong since the year-end, too. BATM has announced a US$4m follow-on contract to an [undisclosed] government for additional hardware and software cyber security products.
The company has also won a US$1.3m contract for the supply and installation of its patented agri-waste treatment solution. The customer produces and distributes high quality fresh and frozen chicken throughout the Middle East, where it is based, as well as several countries in Asia. BATM won a US$4m contract award from a Taiwanese agri-food conglomerate at the end of last year, too. Demand for the solution can only increase following the outbreak of COVID-19 given that BATM’s proprietary solution enables the treatment of poultry remains onsite, and removes the environmental hazards associated with transporting them without the use of any harmful materials, chemicals or methods. ..."
https://www.investorschronicle.co.uk/comment/2020/03/09/coronavirus-winners
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