IN BRIEF: BATM shares rise on $1.5 million encryption solution order
BATM Advanced Communications Ltd - Hod Hasharon, Israel-based provider of real-time technologies for networking solutions and medical laboratory systems - Receives $1.5 million order from an unnamed ‘long-standing customer’ for the development of a next-generation encryption solution. Notes the solution will have suitability for supporting network speeds ‘well beyond’ current market availability. Says the order is for the extension of work commenced last year and is designed to address risks posed by quantum computing. Adds that it expects to receive additional orders from the customer for this work.
‘With the support of our customer, we are developing a next-generation, ultra-high speed network encryption solution - one that will be capable of supporting network speeds well beyond what is currently available in the market. This capability will significantly differentiate our platform for both government and commercial markets and provide us with a key competitive advantage that we believe will drive strong demand,’ says Chief Executive Moti Nagar.
Current stock price: 17.40 pence, up 10% on Monday morning in London.
12-month change: down 8.7%
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