("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
with operations spanning
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
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.
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
Harry Chathli,
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.
.
(C) 2024 M2 COMMUNICATIONS, source