Last checked at 1 Nov 2021 07:00
LEI: 213800FLQUB9J289RU66
1 November 2021
BATM Advanced Communications Limited
("BATM" or "the Group")
BATM receives agri-waste contract in Botswana
Further geographic expansion for the Group's pathogenic waste treatment and sterilisation business
BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that it has been awarded a contract for its agri-waste treatment solution by a cattle facility in Botswana. The contract is worth €909,920, of which €376,000 has been received, with delivery of the project expected to complete in H2 2022.
The Group's agri-waste treatment solution, which is based on its Integrated Shredder and Steriliser ("ISS") technology, enables the efficient treatment of any poultry or bovine remains onsite in an eco-friendly process. Treatment of the remains at the facility removes the environmental hazards and carbon footprint associated with transportation. The remains can be turned into pure protein and fat that can be used as fishmeal. The Group's solution does not use any harmful materials, chemicals or methods and the process does not have any negative environmental impact or produce any damaging by-products. The solution also benefits from being odourless and having nearly zero carbon dioxide emissions.
This is the Group's first contract in Africa for its agri-waste solution, representing further geographical expansion to another significant livestock market. In Botswana in particular, the cattle industry dominates the agricultural sector.
BATM is also pleased to note that the Group's ISS technology will be presented at the 2021 United Nations Climate Change Conference (COP26), currently taking place in Glasgow, by the President of an African nation. It will be discussed as part of the Great Green Wall Accelerator, a programme launched earlier this year to support the Great Green Wall Initiative to restore degraded land, create economic opportunities and enhance food security and climate resilience in the Sahel region of Africa. The Great Green Wall Accelerator is coordinated through the Pan Africa Agency for the Great Green Wall, with initial support from the United Nations' Convention to Combat Desertification.
Dr Zvi Marom, CEO of BATM, said: "We are delighted to have signed another international customer for our innovative agri-waste solution, and our initial one in Africa - a region that we believe offers great potential due to its large and crucial agricultural industry. We are now delivering on contracts in Europe, Asia and Africa for our ISS-based products despite the logistical challenges and travel restrictions caused by the pandemic.
"We believe that our technology-led solution has the potential to disrupt a long-unchanged food production industry and will be of immediate substantial benefit in developing countries. With an ability to recycle proteins as well as treat waste, we can solve many urgent problems in food production while maintaining environmental protection. With increasing international public support for transitioning to a greener economy, we anticipate that our solution, which is odourless and nearly free from carbon emissions, will see increased interest from farming and aquaculture communities."
Enquiries:
BATM Advanced Communications |
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Dr Zvi Marom, Chief Executive Officer | +972 9866 2525 |
Moti Nagar, Chief Financial Officer |
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Shore Capital |
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Mark Percy, Anita Ghanekar, James Thomas (Corporate Advisory) Henry Willcocks (Corporate Broking) | +44 20 7408 4050 |
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Luther Pendragon |
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Harry Chathli, Claire Norbury | +44 20 7618 9100 |
Forward-looking statements
This document contains forward-looking statements. Those statements reflect the current opinions, evaluations and estimations of the Group's management, and are based on the current data regarding the Group's business as is detailed in this document and in the Group's periodical, interim and immediate reports. The Group does not undertake any obligation or make any representation that actual results and events will be in line with those statements, and stresses that they may differ materially from those statements, due to changes in the Group's business, market, competition, demand for the Group's products or services, general economic factors or other factors that can influence the Group's business and results, and due to information and factors that are currently unknown to the Group's management and that, if known, would affect the management's opinions, evaluations or estimations. The Group will report the actual results and events according to its legal, accounting and regulatory obligations, and does not undertake any other obligation to report them or their deviations from the forward-looking statements, or to update any of the forward-looking statements in this document or to report that it is not valid anymore.