LEI: 213800FLQUB9J289RU66
18 April 2024
BATM
Advanced Communications Limited
("BATM"
or "the Group")
BATM to
deliver Edgility to new Tier 1 telco customer
New
three-year agreement to deliver the Group's virtualisation and edge
compute platform to Totalplay in Mexico
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 three-year agreement to provide its Edgility edge
virtualisation platform and accompanying hardware to Totalplay, a
Tier 1 telecommunications company in Mexico that offers internet
access, pay television and telephony services through one of the
largest 100% fibre optic networks in Mexico.
Totalplay will deploy Edgility to
fully virtualise, orchestrate and manage at scale its enterprise
connectivity services. BATM's platform was selected, following a
test phase, to replace Totalplay's incumbent network virtualisation
solution, primarily due to Edgility's open architecture that
provides customers with complete flexibility regarding their
network hardware and software.
BATM expects this
agreement to contribute towards meeting its sales forecasts for
Edgility from the current year. Based on the
size of Totalplay's current operations, and as Totalplay continues to grow its network services,
there is potential for a significant
expansion and extension in the number and
duration of Edgility licences the Group supplies.
Moti Nagar,
Chief Executive Officer of BATM, said:
"We are delighted to have entered this new
agreement to provide Edgility to Totalplay, a Tier 1
telecommunications company in Mexico. Our virtualisation and edge
compute solution was selected to replace that of a previous
supplier to Totalplay thanks to Edgility's truly open architecture
and multi-vendor support, which is great validation of our strategy
and demonstrates the superior quality of our solution. We are
receiving strong interest in Edgility as the telecoms industry
undergoes significant transformation. This latest agreement is
testament to our progress and execution of our strategy, and is
just one of several new Edgility contracts that we expect to win in
the near term."
Enquiries
|
BATM Advanced
Communications
|
|
|
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.