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10 Feb 2020 07:00
LEI: 213800FLQUB9J289RU66
10 February 2020
BATM Advanced Communications Limited
("BATM" or "the Group")
BATM receives third international agri-waste contract
New contract for agri-waste treatment solution from major poultry processor
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 by a major poultry integrator for the Group's agri-waste treatment solution. The contract, which is worth approximately US$1.3m, is expected to be delivered this year.
The customer produces, processes, markets and distributes high quality fresh and frozen chicken to customers throughout the Middle East, where it is based, as well as several countries in Asia. This is BATM's third international contract for its agri-waste treatment solution - which have all been awarded within the last 12 months - and represents further geographic expansion of its customer base.
The contract is for the supply and installation of the Group's agri-waste treatment solution at one of the customer's poultry processing facilities. The Group's proprietary solution, which is based on its Integrated Sterilizer and Shredder patented technology, will be used in the rendering process to allow the poultry remains to be treated safely onsite and without producing any damaging by-products.
Dr Zvi Marom, Chief Executive Officer of BATM, said: "I am delighted to have received another order for our agri-waste treatment solution in another new geography. In the last 12 months, we have won contracts totalling c.US$7m for this solution, reflecting the increasing recognition of its unique effectiveness. It also represents the solid commercial traction being achieved by our Eco-Med business as we execute on our strategy to provide solutions to safely treat pathogenic waste whether in food production or medical facilities.
"Alongside this progress, we are making great advances within the medical diagnostics business with the NATlab system that we believe can identify human pathogens with unparalleled speed and accuracy. Together with our Eco-Med products, BATM will be able to offer solutions to rapidly and effectively identify as well as treat pathogens, which can help in the containment of disease outbreaks. This stands to be of great benefit to society and we are proud to be involved in such endeavours."
Enquiries:
BATM Advanced Communications | |
Dr Zvi Marom, Chief Executive Officer | +972 9866 2525 |
Moti Nagar, Chief Financial Officer | |
Shore Capital | |
Mark Percy, Anita Ghanekar, James Thomas (Corporate Advisory) Henry Willcocks (Corporate Broking) | +44 20 7408 4050 |
Luther Pendragon | |
Harry Chathli, Claire Norbury, Rachel So | +44 20 7618 9100 |
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