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Company Announcements

European government cyber security contract

By LSE RNS

RNS Number : 7510T
BATM Advanced Communications Ld
17 October 2017
 

17 October 2017

BATM Advanced Communications Limited

("BATM" or "the Group")

 

BATM awarded cyber security contract by a European government

Chosen as leading supplier to provide cyber monitoring and detection under proof-of-concept programme for a new government customer

 

BATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, is pleased to announce that its Celare subsidiary, a cyber security business within the Group's Networking & Cyber division, has been awarded a proof-of-concept ("POC") contract to be the main supplier of cyber monitoring and detection systems for a European country. Celare will commence the POC contract immediately and receive approximately US$350,000 upon completion, which is scheduled to be by the end of Q1 2018.

 

The POC has been granted by the defence agency of a European government. Celare will demonstrate its T-Sense solution for comprehensive security monitoring to detect and investigate suspicious network activity and threats. It will support complete security coverage and will deliver a combination of advanced software and hardware to collect, analyse and visualise network incidents. T-Sense provides a 24/7 network monitoring platform and facilitates advanced detection of cyber threats and attacks, thereby providing a sophisticated network security shield.  

 

BATM believes that like other similar contracts won recently, following the successful completion of the POC phase, the customer will be in a position to award the Group a substantial contract for the delivery of its cyber security solutions.

 

Dr Zvi Marom, Chief Executive Officer of BATM, said: "We are delighted to be chosen by another government to install our cyber system as a cornerstone in their planning. We believe that cyber solutions will be an essential element in every country and in all corporates for years to come, and we are gearing up to be a significant player in this market."

 

Enquiries:

BATM Advanced Communications


Dr Zvi Marom, Chief Executive Officer

+972 9866 2525                 

Moti Nagar, Chief Financial Officer




Shore Capital


Mark Percy, Anita Ghanekar

+44 20 7408 4050 



Luther Pendragon

      

Harry Chathli, Claire Norbury

+44 20 7618 9100

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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