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BATM enters joint development agreement with 'major' multinational

Zvi Marom, chief executive of BATM Advanced Communications Limited (LON:BVC), tells Proactive Investors their wholly-owned subsidiary Telco Systems has entered into a joint development agreement (JDA) with a leading multinational semiconductor and software design company.

The JDA is to develop and market infrastructure solutions for network function virtualisation (NFV), with BATM’s partner investing US$3mln-US$3.5mln into the project, which is planned to be delivered in phases over the next 18 months.

Quick facts: BATM Advanced Communications Ltd

Price: 115 GBX

LSE:BVC
Market: LSE
Market Cap: £506.32 m
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BATM lands 'significant' follow-on government contract

BATM Advanced Communications Limited's (LON:BVC) Zvi Marom tells Proactive that the company has secured a 'significant' follow-on contract from a government defence department. Marom adds that the company is running several proofs of concept with the aim to spread the company's client...

on 11/6/18

2 min read