BATM receives $2.3m cyber security orders

BATM receives $2.3m cyber security orders for its solution and development of quantum key distribution integration

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 received additional cyber security orders with a total value of $2.3m, with delivery to commence immediately.

These orders are for the provision of the Group's advanced hardware and software-based cyber solution, as well as for developing a next-generation encryption solution including the integration of quantum key distribution, to its long-standing government defence department customer. Over the last 15 months, the Group's Cyber division has received orders totalling to $35m.

Moti Nagar, Chief Executive Officer of BATM, said: "We are pleased that the strong momentum experienced last year in our cyber business has continued into 2024. We are also excited about the progress that we are making in integrating quantum key distribution into our platforms, which reflects the ability of our highly skilled and experienced team in addressing the technological demands of the next computing era. As we continue to deliver our significant backlog of existing orders as well as receive new orders for our best-in-class cyber solution, we remain very confident in the prospects for this business."