Last checked at 9 Dec 2008 07:00
BATM Advanced Communications Limited
("BATM" or the "Company")
First Contract in Medical Equipment Sector
BATM Advanced Communications Limited ("BATM" or the "Company"), (LSE: BVC), a leading designer and producer of broadband data and telecom systems, is pleased to announce that it has signed a contract with a major German manufacturer of medical equipment.
Supply of the equipment will take place before the end of 2009 and the initial value is expected to be in excess of US $1m with substantial upside in the future.
Dr Zvi Marom, CEO of BATM, commented:
"At the Company's AGM in June of this year we announced that we were looking to extend our intellectual property, technological expertise and innovation into vertical markets, with an initial focus on medical equipment and surveillance. I am, therefore, delighted to be able to announce such a substantial agreement within such a short timeframe. Initial interest from this field has been very encouraging and I look forward to providing a further update in our full year results in February 2009."
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Enquiries:
| BATM Advanced Communications | +972 9866 2525 |
| Dr Zvi Marom, Chief Executive | |
| Threadneedle Communications | 020 7653 9844 |
| Josh Royston / Graham Herring | |
| Singer Capital Markets | 020 3205 7620 |
| Nicholas How / Richard Savage | |
| Shore Capital | 020 7408 4090 |
| Graham Shore / Dru Danford |