BATM Advanced Communications Limited

("BATM" or the "Group")

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions

and medical laboratory systems, is pleased to announce that it has signed a strategic partnership

and cooperation agreement with a significant global technology, engineering and defence group (the

"Partner") to deliver the Group's advanced cybersecurity solution to commercial markets. The

Partner generated revenue of over $10bn in 2023 and serves customers in more than 100 countries,

with operations spanning Asia, Europe, the Middle East and the U.S.

With this agreement, the Group will customise its advanced encryption platform to meet the

requirements of its Partner, with the development work being funded by the Partner. The

customised platform will be distributed globally by the Partner, with exclusivity in certain territories,

to a variety of commercial markets and for critical national infrastructure. This agreement, and the

corresponding launch of a cyber solution for the commercial markets, represents a significant

increase in the Group's addressable market, which the Group's cyber solution is well-positioned to

target thanks to the Partner's substantial network and commercial reach.

BATM's encryption platform is a hardware and software solution that secures data-in-transit at high

speeds across a network. It incorporates the Group's hardware security module, which provides

enhanced hardware-based protection of encryption keys, which is becoming increasingly important

due to the growing number of attacks targeting weak links in the supply chain, such as the

equipment vendors. It offers seamless integration with Quantum Key Distribution systems to

provide customers with protection against the emerging quantum computing threats. In addition,

the Group expects it to be the only commercially-available encryption platform to offer a mix of

speeds, enabling customers to grow their network without replacing the platform.

Over the next two years, the Group will receive a minimum of $2.1m from the Partner for the

product customisation phase and the provision of an initial quantity of units, which will be delivered

in three phases over the two years. The Group is due to commence delivering the units to the

Partner by the end of the first half of 2025.

Moti Nagar, Chief Executive Officer of BATM, said: "To be partnering with such a large, well-

established and global organisation to deliver our cutting-edge encryption platform to the

commercial markets is transformational for BATM Cyber and is a fantastic endorsement of our

solution. The introduction of a cybersecurity offering for non-governmental customers has long been

an important objective for BATM, and this collaboration significantly boosts our commercial market

entry by providing worldwide distribution networks and a partner with the resources to engage in

considerable sales & marketing activities. We look forward to working closely with our strategic

partner in the fulfillment of this agreement, which we expect to serve as a prominent catalyst for the

growth of our cyber business in the near future."

Enquiries

2

BATM

Moti Nagar, Chief Executive Officer +972 9866 2525

Ran Noy, Chief Financial Officer

Shore Capital

Mark Percy, Anita Ghanekar, James Thomas (Corporate Advisory) +44 20 7408 4050

Gracechurch Group

Harry Chathli, Claire Norbury +44 20 4582 3500

Forward-looking statements

This document contains forward-looking statements. Those statements reflect the current opinions, evaluations

and estimations of the Group's management, and are based on the current data regarding the Group's

business as is detailed in this document and in the Group's periodical, interim and immediate reports. The

Group does not undertake any obligation or make any representation that actual results and events will be in

line with those statements, and stresses that they may differ materially from those statements, due to changes

in the Group's business, market, competition, demand for the Group's products or services, general economic

factors or other factors that can influence the Group's business and results, due to the risk factors that are

detailed in the Group's Annual Report, and due to information and factors that are currently unknown to the

Group's management and that, if known, would affect the management's opinions, evaluations or estimations.

The Group will report the actual results and events according to its legal, accounting and regulatory

obligations, and does not undertake any other obligation to report them or their deviations from the forward-

looking statements, or to update any of the forward-looking statements in this document or to report that it is

not valid anymore.

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