Regulatory News
Diagnostics contract win with Ministry of Health in Latin America
Apr 03, 2014
File: BATM wins significant diagnostics contract 03 04 14.pdf [224.68 KB]
3 April 2014
BATM Advanced Communications Limited
(“BATM” or “the Group”)
Diagnostics contract win with Ministry of Health in Latin America
Largest single contract to be awarded to diagnostics business to date
BATM Advanced Communications Limited (LSE: BVC; TASE: BATM), a leading provider of real-time technologies for the networked telecoms and medical laboratory equipment markets, is pleased to announce that the Group’s diagnostics business has been awarded a contract, valued initially at $1m, with the Group having already received the first purchase order for approximately $0.85m, by the Ministry of Health in a major country in Latin America to provide clinical chemistry instruments and reagents to laboratories throughout the country. This award represents the largest single contract to be won by the diagnostics business to date.
Awarded under a competitive bid, BATM will replace the incumbent supplier with its closed system immune diagnostic instruments and reagents to detect tumour markers. The Group’s solution was selected due to the ability to provide high-quality results in a more timely and cost-effective manner than those of its competitors, including the major incumbent. Shipments of the first order under this contract will commence this month and continue throughout the year. The Group expects to receive further orders in due course.
BATM’s diagnostics business is focused on developing more compact, high accuracy, cost effective products for small to mid-size laboratories, including advanced genomic solutions that are being introduced to the market. In particular, the Group is targeting emerging markets where many laboratories are mid-sized and dispersed in different localities – and hence require the solutions provided by the Group’s diagnostics business.
Dr Zvi Marom, Chief Executive Officer of BATM, said: “We are delighted to have been awarded this contract in Latin America – our most significant win to date in the diagnostics business. It reflects the strength of our strategy of focusing on developing countries as well as bundling the sale of our high performance instruments with high sensitivity reagents at a cost effective offering compared with existing solutions. We look forward to building on this success and continuing to grow this business. I believe that, in due course, this strategy will fit certain demand in what are called developed countries that suffer from the growing burdens of the health budget.”
Enquiries
BATM Advanced Communications
Dr Zvi Marom, Chief Executive Officer +972 9866 2525
Ofer Bar-Ner, Chief Financial Officer
finnCap
Stuart Andrews, Henrik Persson +44 20 7220 0500
Shore Capital
Pascal Keane +44 20 7408 4090
Luther Pendragon
Harry Chathli, Claire Norbury, Amelia Bullock-Muir +44 20 7618 9100
BATM awarded $35.8m ICT services and solutions framework agreement
First order of US$2.2m received
First order of US$2.2m received
BATM Interim results for six months ended 30 June 2017
BATM Interim results for six months ended 30 June 2017
BATM Interim results for six months ended 30 June 2017
BATM Acquires Zer Laboratories Ltd
BATM Acquires Zer Laboratories Ltd
BATM Acquires Zer Laboratories Ltd
BATM disposal of property Press release
Sale of Property
Sale of Property
BATM expands client base in Africa with network upgrade for Kenya Education Network
New Carrier Ethernet network provides greater capacity to support more web traffic and enhanced service offering for universities and research institutions in Kenya
New Carrier Ethernet network provides greater capacity to support more web traffic and enhanced service offering for universities and research institutions in Kenya
BATM delivers project extension to Tier 1 network service provider in Southeast Asia
Deployment of 10GE solution to expand customer’s broadband capacity and enable compliance with latest industry standards
Deployment of 10GE solution to expand customer’s broadband capacity and enable compliance with latest industry standards
BATM’s Telco Systems Adds 100GE Capabilities
New Aggregation and ATCA solutions to meet ever-increasing demand for bandwidth
New Aggregation and ATCA solutions to meet ever-increasing demand for bandwidth
BATM wins c. US$4m new contract to provide cyber security solution to a national defence agency
Chosen as leading supplier to provide hardware and software solution for a second government customer
Chosen as leading supplier to provide hardware and software solution for a second government customer
Second major pathogenic waste treatment contract win in agricultural sector
Pathogenic Waste Treatment and Sterilisation unit to supply leading food group with ISS-based solution for cattle farming
Pathogenic Waste Treatment and Sterilisation unit to supply leading food group with ISS-based solution for cattle farming
First major pathogenic waste treatment contract win in agricultural sector
Pathogenic Waste Treatment and Sterilisation unit wins $1.5m contract for application of new technology solution in poultry farming
Pathogenic Waste Treatment and Sterilisation unit wins $1.5m contract for application of new technology solution in poultry farming
Interim results for six months ended 30 June 2015
BATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces its interim results for the six months ended 30 June 2015.
BATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces its interim results for the six months ended 30 June 2015.
BATM wins two telecoms contracts in the United States
New projects to upgrade service networks with 10GE connection
New projects to upgrade service networks with 10GE connection
Interim Management Statement
BATM IMS Q3 2012
BATM IMS Q3 2012
BATM interim results 2012 - Webcast Registration - 16 August 2012 - 9.30am BST
Webcast - 16 August 2012 - 9.30am BST
Webcast - 16 August 2012 - 9.30am BST