Batm Advanced Regulatory News (BVC)

24 Nov 2005 07:02

BATM Advanced Communications Ld24 November 2005 BATM Wins Major Long-Term Contract Bid with Leading Telecom Supplier and Trading Update London, 24th November 2005, BATM Advanced Communications Ltd (LSE: BVC), isdelighted to announce that it has been advised that it has been the successful bidder for a major long-term contract with one of the world's leading telecom suppliers. BATM was competing in the bid with the leading players in the telecom arena and was awarded the contract after the most rigorous examination by the customer of all of its aspects. Dr. Zvi Marom, the CEO of BATM commented: "We are thrilled to win such a majorcontract - potentially, by far, the largest in the history of the company. Itstrengthens the international recognition of BATM as a world-class technologyleader. This prestigious contract win, will support our sales efforts with thoseof our customers who are currently exploring initial deployment of similarsolutions. The new contract will greatly strengthen our strategic ties with anextremely important customer and will continue the momentum to create additionalopportunities and to significantly increase BATM's growth prospects in themedium and long-term" The award provides for BATM to supply telecom grade equipment which enablesmassive capacity of switching and routing including full IPV6, strict elementsof traffic shaping and quality of service. The innovative equipment can handlevoice, video and data channels at a very high speed of 10Gbps simultaneously. The current solution provided by BATM is based on the most advanced telecomarchitecture available in the market. BATM believes that it is the firstcompany in the world able to demonstrate the full availability and utilizationof such technology for end users. Using this technology enables a level ofreliability, flexibility, modularity and price points never available before. The pilot, utilizing BATM's equipment, is expected to run during 2006-2007, withfull scale deployment starting in 2008. Whilst no firm value can be attributed to the contract at this stage, BATMestimates that,once full-scale deployment commences, it will have a substantialimpact on sales (likely to amount to several tens of millions of US dollars andin excess of $10 million annually) and future profitability. BATM is also pleased to announce that sales in the second half of the year to31st December 2005, continue to show significant increases over thecorresponding half of 2004 and are at a higher level than the 34% reported atthe half year. Enquiries: Amira BardichevGlobal Equity IRT.+44-7956-206270Amira@global-equity-ir.co.ukwww.global-equity-ir.co.uk About BATM Advanced Communications BATM is a world leader in the design and supply of IP packet-based systems suchas high-capacity, self-routing switches with extensive QoS capabilities. Formore information, visit the BATM Advanced Communications web site atwww.batm.com Telco Systems is a wholly owned subsidiary of BATM Advanced Communications Basedin Foxboro, Massachusetts; the company provides industry-leading networkingsolutions to the carrier and enterprise markets. Telco Systems' focus is tomaximize the power of customers' networks by integrating transport, access, andpacket technologies onto industry-leading platforms, therefore fully meetingtoday's and tomorrow's network requirements. For more information, visit theTelco Systems web site at www.telco.com This information is provided by RNS The company news service from the London Stock Exchange