Last checked at 26 Oct 2011 07:00
26 October 2011
BATM Advanced Communications Limited
Global OEM Agreement
BATM Advanced Communications Limited ("BATM" or the "Company") (LSE: BVC), a leading designer and producer of telecom systems and medical laboratory diagnostic systems, is pleased to announce that it has signed a global OEM agreement with the world's largest tier 1 telecoms vendor.
The agreement enables this leading vendor to sell BATM's Carrier Ethernet access products through its many locations around the world. Under the terms, BATM, who were recently awarded the 'Best Carrier Ethernet Demarcation Product EMEA' at the Carrier Ethernet World Congress, will be responsible for training the vendor's sales teams, with BATM expected to generate revenues from the end of the second quarter of 2012 onwards.
Dr Zvi Marom, Chief Executive of BATM, commented:
"We are delighted to have signed this agreement with the leading tier 1 telecoms vendor in the world. In our final results statement in March I stated that we were building the necessary channels to replace the revenues recorded with Nokia Siemens Networks. This is clearly a significant step, among others, in that strategy. Our award winning products continue to offer the best Carrier Ethernet solutions in the market and we look forward to working alongside this major global partner."
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Enquiries
BATM Advanced Communications +972 9866 2525
Dr Zvi Marom, Chief Executive
Ofer Bar-Ner, CFO
Threadneedle Communications 020 7653 9850
Josh Royston / Graham Herring
finnCap 020 7220 0500
Marc Young / Brian Patient
Shore Capital 020 7408 4090
Pascal Keane